In ashort essay Essay

Published: 2020-01-23 04:50:06
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Category: Global

Type of paper: Essay

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The world is now a global village. As such, there is an existing symbiotic relationship between the population and countries of differing traditions, beliefs and cultures. The importance of realizing how to deal with these differences is further enhanced by the way business is done these days. The Internet has made it possible for businesses to be run on an international scale even from the comfort of your mother country.

This is the main reason why any businessman must be familiar with international laws or laws governing businesses run in countries overseas. A businessman who bothers to research and understand the laws governing business ventures in foreign lands will come to the realization that world wide business laws, although seemingly senseless when first read, is actually a law that has an important impact on the way business is done in that country. Therefore, similar business laws of various lands may be implemented in various ways with the same outcome.

Understanding the different legal systems of the world that govern businesses will help an international business person understand how to accomplish tasks relating to his ventures in his specific country of transaction. It is a known fact among businessmen and lawyers alike that laws governing business vary from country to country and have a different outcome each time that law or laws are applied to the specific business settings. Therefore, no two-business laws of two countries are ever alike in implementation and meaning.

In short, international businessmen need this knowledge and understanding in order to make sure that they understand exactly what rules are governing their overseas ventures and that they have not violated any legal or religious laws of the land in the running of their business. This is the only way to insure the smooth running and success of international business ventures.

Work Cited Williams, David Russell 1998. Cross- Cultural Currents in International Law. Global Business Languages. Retrieved March 2, 2007 from http://www. mgmt. purdue. edu/centers/ciber/publications/gbl/GBL%20-%201998/c3. Russell%20David%20Williams. doc.

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