Problem:
Recent events in the news have clearly indicated that the global economy is suffering, and this is having an obvious effect on your own company. Between wars, natural disasters, and political upheaval, your bottom line is rapidly eroding. However, you have identified a potential market for your products; unfortunately, it is located in a country that does not have a good track record for adhering to the legal and ethical guidelines concerning foreign-owned companies. Assess the risk involved, and decide whether you should recommend doing business in this type of legal setting.
Q1. Find at least 2 examples of how international laws could protect your interests as a foreign-based business and what legal ramifications you could pursue if your rights were violated. Explain and document your findings.
Q2. What kind of impact can countries with poor track records of adhering to the laws of international business practices have on the global economy? Explain.