BUSI 561 Chapter Notes - Chapter 9: Absolute Advantage, European Central Bank, Economic And Monetary Union Of The European Union
Document Summary
Chapter 9: the international legal environment of business. Dimensions of the international environment of business (4) Differences in size and economic growth rate of various nation-states. Impact of central planning versus a market economy on the availability of supplies. Existence of an appropriate transportation infrastructure: cultural, learned norms of society based on values and beliefs, legal, major families (5) Primary reliance is on case law and precedent instead of statutory law: courts can declare statutory law unconstitutional. Primary reliance is on codes and statutory law rather than case law. In general, the high court cannot declare laws of parliament unconstitutional. Islamic law: designed to govern the daily lives of all muslims. Hindu law: derived from the sastras, governs the behavior of people in each caste, has been codified into india"s national legal system. Public international law: law that governs the relationships between nation. Private international law: law that governs relationship between private parties involved in transactions across borders.
