07a-Globalization

07a-Globalization - in the other country. Foreign laws...

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Major Areas of Conflict Between U.S. and Other Nations Anti-trust laws U.S. law can be applied to actions in other nations which have a substantial effect on U.S. This is true even if the violation occurs outside the U.S. Other nation’s see this as a violation of their sovereignty. Patent and Copyright Law U.S. has very tight law in this area which prevents copying of inventions or “works of art.” For an innovation to be effective, it must be patented in each country under that country’s laws and translated. Under Paris Convention (1885), one nation cannot refuse to patent an invention patented in another country. Most nations outside of U.S, EU and Japan have very weak laws and very poor enforcement. Discrimination U.S. law forbidding discrimination (race, religion, gender, age, disability) apply to U.S. firms operating in foreign countries. U.S. laws apply to foreign firms operating in the U.S. even if there is no similar legislation
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Unformatted text preview: in the other country. Foreign laws exception says U.S. firms in another country can discriminate if so doing is consistent with the law of the other country for operations in that country (conflict of law). Bribery Illegal for U.S. firms to offer bribes or other gratuities in order to gain business in a foreign country. Most other nations do not have as strict laws (what constitutes bribery?) Puts U.S. firms at a disadvantage in many countries. Use of middlemen or brokers. Kyoto Protocol on Global Warming and Green House Gases. Labor Standards Many nations do not have minimum wage legislation or work place protection legislation Hours of work and conditions of labor (including child labor) dont exist or are poorly enforced (sweatshops). Puts U.S. at competitive disadvantage (maybe)....
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