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48 Cards in this Set

  • Front
  • Back
Forms of International business
Trade
Licensing
Foreign investment
Absolute Advantage
Nations should concentrate on producing products that are efficient, and sell the excess
Comparative advantage**
nations should produce and trade what you can produce cheaply
Importing
goods and services bought from a foreign country
exporting
goods and services sent to a foreign country
Things that affect trade
Tarriffs, Non tariffs barriers, embargo's, quotas, boycotts
Tariff

why
Taxes or duties on imported goods (barrier to trade)

To protect domestic goods or to punish other countries
Quotas
limitation on how many goods can be imported or exported
mostly focuses on imports to protect existing industries
Non tariff barrier
health related laws that restrict sales from on country to another

Ex: europe banned genetically modified foods, therefore America cannot sell it to them

Ex: car laws (navigation system or 6 bolts in Zimbabwe)
Boycotts and embargos
Boycott- refusing to purchase any goods from a certain nation, usually political

Embargo- a total or near total ban on trade with a certain country
things that affect trade
competitors, payments (how will they pay), language or cultural issues

ex: no pork at McDonalds in middle eastern countries
Intellectual property
patents, copyrights, trademarks
Patents
protect inventions, they have to be registered
copyrights
protect artistic work
trademark
protected logo or symbol anything that identifies a product
Foreign investment
having an industry in a foreign, wholly owned, it was created under the foreign government laws, first created in the us than created under corporate structure of mexico
Joint venture
you and another company in another country work together, one side puts in the money the other side puts in the expertise and local know how
Aquire
purchase a local company and run it, you are putting money directly into another country
Public International Law
every country has independence that must be respected, every country has the right to defend itself

Rules affecting the conduct of nations v individuals and nations v nations
Private International Law
rights and responsibilities of individuals and corporations in the international enviorement
sources of International law
Customary and Treaties and Conventions
CUstomary
custom or tradition , rules that have been around for a while
Treaties and Conventions
agreements between two nations, can cover any subject matter, 2 nations is bilateral, multi national , multilateral or convention, usually comes about when an organization or nation holds several meetings on drafting a treaty, UN begins most of these
Secondary sources of International law
international organizations, court opinions, scholarly writings, publications of law
US alien claims act of 1789
District courts will have original jurisdiction of any civil action by an alien for only tort laws, committed in violation of the law of nations or a treaty of US

Courts can hear any lawsuit by an alien/foreigner regarding a tort committed in violation of alaw of nations or treaties
3 violations of International law (1789 act)
Safe Conduct, infringing rights of ambassadors, and piracy
What has to happen for customary Int'l law to be violated
violations of very definite norms that are accepted by the civilized world and defined w/ specifics
Protocol
modifications or an addition to an existing treaty
Reservations
when a party disagrees w/ certain language or it conflicts w/ domestic laws and they want to be exempt from that section
Ratification
they have to sign it each country has its own form of adopting it into the country
Treaty ratification in the US
2/3's of senate has to agree
Applying a treaty
vienna conventions ont he law of treaties, provides guidlines
Self executing treaty
already domestic no further actions are needd, it automatically becomes domestical law, no private cause of action unless a treaty is self executable, a person cannot use a treaty to sue another country or their own government unless it is self executable
Non selfexecutabble
you need domestic legislation to bring a private individual lawsuit against the nation
Jurisdiction (int'l criminal law)
between individuals , int'l law covers those that held official positions in gove, organized crime

genocide, crimes against humanity and war crimes
enforcement of these issues
domestics courts can enforce, they may no be able to or want to

International courts exist
ICC
Rome statue of 1988, US did not sign it, they can only try someone from the states that signed it, or a crime that took place in a country that signed the rome statue, or can be refferred by the security council

very broad jurisdiction
complimentarity
if the national court is willing to prosecute this crime ICC wont take it, they are the last jurisdiction , they can send out arrest warrents
domestic courts jurisdiction
territorial, nationality, protective principle,passive personality, and universal jurisdictions
Territorial
subjective- the crime is committed in the country

objective, the crime is committed outside the country but has substantial effects within the territory
Nationality
courts ahve jurisdiction of all their citizens regardless of where they are or where the crime was committed
protective principle
juris over non citizens who committed crimes abroad, the crime has to ahve an impact on this countries national security or a vital government function

terrorism cases
Passive personality
court can hear a case regarding crimes agaisnt their own citizens by foriegners abroad
Universal jurisdiction
any country can prosecute crimes that are unversally condemned

regardless of nationality , or where the crime was committed

ex: genocide
Comity
willingess of a court , will respect the rules of decisions of another court
Act of state doctrice
a government has immunity from a lawsuit from another country
United nations
to bring all nations in the world together to work for peace and development

human justice, well being and peace

the rules come from the ICJ, security council resolutions and general assembly resoultions

the resolutions are non binding, 192 members, no one can enforce
Security council
binding resolutions ont he member states

permanent members US russies China UK and france

non perm are elected every two years by general assembly

Differences- voting rights are dife, everyone has one vote but permanent countries have veto power one veto is enough to squash a resolution