IB0017-International Business Environment and International Law

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Master of Business Administration - MBA Semester 4
IB0017-International Business Environment and International Law
Book ID-B1909
Assignment (60 Marks)
Note: Answers for 10 marks questions should be approximately of 400 words. Each question is
followed by evaluation scheme. Each Question carries 10 marks 6 X 10=60.
Q1. Discuss the pros and cons of internationalization.
Answer: Pros Cons Increasing the annual net profit or cash High initial investments are necessary,
for flows by transferring competitive example, for a distribution system advantages to a foreign
market Using foreign sales potentials to achieve Costly product diversification due to, for volume
effects by increasing the quantity example, technological differences or a different structure of
Q2. Explain the relationship between law, business and international law. How is international
law considered to be mixed in nature?
Answer. Relationship between law, business and international law
International business and economic law involves the public international law and domestic law
applicable to international business transactions between private parties, as well as the public
international law applicable to trade and investment relations between or among states. The
concerns of international economic and business law relate to the international economy, and
involve sales of goods, trade in services, intellectual property licensing and protection,
international finance and foreign direct investment, as well as the settlement of disputes relating
thereto. This field is affiliated with international business studies and with international economic
Q3. What are the laws regarding carriage of goods by sea? What the related liabilities of
international carriage of cargo?
Answer. Laws regarding carriage of goods by sea
The Carriage of Goods by Sea Act ("COGSA") is a United States statute governing the rights and
responsibilities between shippers of cargo and ship-owners regarding ocean shipments to and
from the United States. It is the U.S. enactment of the International Convention Regarding Bills of
Lading, commonly known as the "Hague Rules". It was found in Title 46 Appendix of the United
States Code, starting at Section 1301, but has been moved to a note in 46 United States Code
Q4. Write short notes on:
a. Labour rights
b. European Union
Answer. Meaning and role of Labour rights:
Body of rulings pertaining to working people and their organizations, including trade unions and
employee unions, enforced by government agencies. There are two categories of labor laws;
collective and individual. Collective labor law involves relationships between the union, the
employer and the employee. Individual labor law involves concerns for employees' rights in the
Q5. How does the TRIPs agreement protect IPRs? What are the 7 intellectual properties defined
in TRIPs?
Answer. TRIPs agreement protect IPRs
The TRIPS agreement introduced intellectual property law into the international trading system
for the first time and remains the most comprehensive international agreement on intellectual
property to date. In 2001, developing countries, concerned that developed countries were
insisting on an overly narrow reading of TRIPS, initiated a round of talks that resulted in the Doha
Declaration. The Doha declaration is a WTO statement that clarifies the scope of TRIPS, stating for
Q6. Which are the various kinds of investment treaties and how do they function?
Answer. Investment treaties
An investment treaty is an agreement made between two or more sovereigns that safeguards
investments made in the territory of the signatory countries. Sovereigns purportedly promulgate
these investment treaties as “a means to satisfy the need to promote and protect foreign
investment and with a view to enhancing the legal framework under which foreign investment
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