Regulating International Business Behavior through International Politics and Law

The continued operation of International business around the world drives the academic platform to ratify its role in putting the International business in a more functional state.  The International competitiveness of a country for example will derive its standards from the political and economic status of given country.

In many cases sanction of countries in terms of political and economic will happen when the decisive ruling from the UN member countries will act as a body to interact with a given country that is not deem following to the norms written by the UN council. On the other hand, embargo is also an act that will prohibit a country to perform trade business with other WTO member countries or UN members.  Since World War 1 and World War 2 the ratification of laws inside the UN council keeps on changing which in that case the complexity between the decided law will contradict greatly to the present and the future International economic and trade laws.

Another law that is important in International Trade is the antitrust law.  This law will prohibit monopolies of International Businesses in manipulating the International markets allowing only the big players to dominate and suppress the small players on the contrary.  

Until today corrupt practices across the International market affecting the International supply chain are malignant in its nature.  Most of the host country in an International trade will do everything to acquire and accommodate the foreign companies with a brighter economic motive of increasing the GDP and buying power of the general public.  Internal organizations such as ILO and WTO must regulate the big International players in dominating and manipulating the world market pricing in order to accommodate the small players to survive in their local domestic markets.

Share this post