Strategy to lessen political risks minimum risk start

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Strategy To Lessen Political Risks MINIMUM RISK: Start with Licensing SOME RISK: Joint Ventures Invest in Marketing and Distribution Plan Domestication
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INT’L LEGAL ENVIRONMENT: Main Concepts 1. Absence of a single, uniform, commercial law 2. Plurality of laws and legal systems Ex. Code Law, Common Law 3. Absence of a supranational court for the IB disputes 4. Difficulty in settling the jurisdiction 5. Legal resources 6. U.S. laws on international arena 7. Intellectual property rights
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LEGAL SYSTEMS Code Law (or Civil Law): written rules, formality, and bureaucracy Common Law: tradition, practices, legal precedents Islamic Law (or Muslim Law): religious basis Socialist Law: Marx doctrine
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U.S. LAWS IN HOST COUNTRIES U.S. laws VS. foreign laws Foreign Corrupt Practices Act (FCPA) Large spectrum: direct and indirect subornation lubrication 1988 amendment: agent’s fees, customary fees to speed up existing procedures
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INTELLECTUAL PROPERTY: Another Tough Issue Brand names, patents, trademarks Counterfeit trade, Pirate software, Pharmaceuticals Inadequate protection Registration on the international arena Use vs. Registration
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Definitions of Culture 1. “Culture is a learned way of being”.; 2. “Culture is the collective software of the mind”.; 3. “Culture reflects core values of individuals and are externed in the form of symbols and rituals”. 4. “Culture is a set of rules or standards shared by members of a society, which when acted upon by the members, produce behavior that falls within a range of variation the members consider
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