IB0017-International Business Environment and International Law

Spring-2016

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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 Driving Forces for Globalization in detail?

Answer: Driving Forces for Globalization:

Liberalization: One of the most important factors, which have given a great impetus to globalization since the 1980s are the almost universal economic policy liberalizations which are fostering a borderless business world. While most liberalization is due to the multilateral negotiations between countries that are members of the WTO, substantial liberalization has occurred due to unilateral initiatives taken by governments, like, for example, the revolutionary economic policy changes in China and other socialist/communist nations.

Q2. Discuss in detail various business environment?

Answer. Business Environment

Economic Environment

The economic environment has much to do with the scope of business, business prospects and business strategy. The nature and level of development of the economy, economic resources, size of the economy, economic system and economic policies, economic conditions, trends in the GNP growth rate and per capita income, nature of and trends in foreign trade, domestic supply and demand conditions are all factors relevant to business. The World Bank revises the classification of the world’s economies based on estimates of gross national income (GNI) per capita for the year 2011. The updated GNI per capita estimates are also used as input to the Bank’s operational

Q3. Explain the Relationship between Law and Business?

Answer. Relationship between Law and Business

Law and business are essential components for successful running of companies in the public and private spheres. In a way, business is more related to law as it is regulated by laws, for instance, the Contract Law, Corporate Law and Tax Law, etc. What is the connection between law and business? How does it grow? How does it affect business? This unit may not be able to answer all of these questions probably but will highlight a few aspects of the connection, specially the affects

Q4. Write short notes on:

a. Foreign Exchange Management Act (FEMA)

b. Industries (Development and Regulation)

Answer. a. Foreign Exchange Management Act (FEMA)

Foreign exchange transactions were regulated in India by the Foreign Exchange (Regulations) Act (FERA), 1973. This Act also sought to regulate certain aspects of the conduct of business outside the country by Indian companies and in India by foreign companies. The main objective of FERA, framed against the background of severe foreign exchange problem and the controlled economic regime, was conservation and proper utilization of the foreign exchange resources of the country. There was a lot of demand for a substantial modification of FERA in the light of the ongoing economic liberalization and improving foreign exchange reserves position. Accordingly, a new Act,

Q5. How does the TRIPs agreement protect IPRs? What are the 7 Intellectual Properties defined in TRIPs?

Answer. The Trade Related Aspects of Intellectual Property Rights (TRIPS) is considered a controversial outcome of the UR. TRIPs, in conjunction with TRIMs and services were known as the new issues discussed in the UR. Intellectual Property Rights (IPRs) are defined as information with a commercial value.

Q6. What are the cultural problems associated with international negotiation? Write a note on government versus company strength in negotiations

Answer. Government vs Company Strength in Negotiations

Many times government is a participant in international business negotiations. There are many governmental factors which are hard to alter and consequently are to be taken as expected. Nevertheless, the comparative negotiating powers can influence the terms. There are two perspectives of the governmental authority, namely, the hierarchy-based view and the bargain-based view.

Spring-2016

Get solved assignments at nominal price of Rs.125 each.

Mail us at: subjects4u@gmail.com or contact at

09882243490