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) don’t exist or are poorly enforced (sweatshops). • Puts U.S. at competitive disadvantage (maybe)....
View Full Document
- Spring '08
- European Union, United States Congress, Kyoto Protocol