griffin05_03 - legal, technological, and political forces...

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international business, 5 th edition c hapter 3 legal, technological, and political forces
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3-2 Chapter Objectives 1 Describe the major types of legal systems confronting international businesses Explain how domestic laws affect the ability of firms to conduct international business List the ways firms can resolve international business disputes
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3-3 Chapter Objectives 2 Describe the impact of the host country’s technological environment on international business Explain how firms can protect themselves from political risk
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3-4 The Legal Environment While domestic firms must follow laws and customs of home country, international businesses must obey laws of home country and all host countries.
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3-5 Legal Systems Common Law Civil Law Religious Law Bureaucratic Law
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3-6 Common Law Based on wisdom of judges’ decisions on individual cases through history Cases create legal precedents
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3-7 Countries Using Common Law United States Canada Australia India New Zealand Barbados Saint Kitts Nevis Malaysia
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Civil Law Based on codification of what is and is not permissible Originated in biblical times with the
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This note was uploaded on 09/05/2011 for the course MGMT 3400 taught by Professor Mr.henryh.c.ku during the Summer '11 term at Hawaii Pacific.

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griffin05_03 - legal, technological, and political forces...

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