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 concering foreign owned companies. Assess the risk involved, and decide weather you should recommand doing business in this type of legal settings.
1. Use the internet and library to find at least 2 examples of how international laws could protect your intersts as a foreign based business and what legal ramifications you could pursue if your rights were violated. Explain and document your findings.
2. What kind of impact can countries with poor track records of adhering to the laws of international business proactices have on global economy? Explain.