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International Business : The Challenge of Global Competition, 8/e
Donald Ball
Wendell H. McCulloch, California State University Long Beach
Paul L. Frantz, California State University Long Beach
Michael Geringer, California Polytechnic State University
Michael S. Minor, University of Texas Pan American

Legal Forces

Concept Previews

After reading this chapter, you should be able to:

appreciate the complexity of the legal forces that confront international business

understand that many taxes have purposes other than to raise revenue

discuss enforcement of antitrust laws

recognize the importance of tariffs, quotas, and other trade obstacles to international business

appreciate the risk of product liability legal actions, which can result in imprisonment for employees or fines for them and the company

appreciate the effects of price and wage controls, labor laws, and currency exchange

recognize the importance of being aware of peculiarities of local law

understand contract devices and institutions that assist in interpreting or enforcing international contracts

anticipate the need and methods to protect your intellectual properties

recognize how industrial espionage affects international business

understand the numerous difficulties and burdens placed by U.S. laws and practices on American ICs, which other countries do not impose on their ICs

be aware of the wide variety of assistance available from and through U.S. government agencies





McGraw-Hill/Irwin