O'Reilly logo

International Business, 8th Edition by Michael H. Moffett, Iikka A. Ronkainen, Michael Czinkota

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

CHAPTER 6

Politics and Law

CHAPTER CONTENTS & LEARNING OBJECTIVES

THE HOME-COUNTRY PERSPECTIVE

1. To understand the importance of the political and legal environments in both the home and host countries to the international business executive

HOST-COUNTRY POLITICAL AND LEGAL ENVIRONMENT

2. To learn how governments affect business through legislation and regulations

INTERNATIONAL RELATIONS AND LAWS

3. To see how the political actions of countries expose firms to international risks

4. To examine the differing laws regulating international trade found in different countries

5. To understand how international political relations, agreements, and treaties can affect international business

International Trade and Elephants

This headline tends to make readers think of ivory and trade in elephant tusks. International trade in such products has ground to a halt. In order to protect elephants from poachers, governments around the world support restrictive measures in ivory trade.

But elephants have been an important part of international trade for millennia. Mostly, however, the trade did not focus on elephant parts, but on the entire beast itself. In many instances, elephants defined the strength of nations. In the frequent international conflicts of ancient times, elephants were the “tanks” of war. Those generals who had larger and more elephants typically won the battles. Even disciplined Roman legionnaires took to flight when confronted with the giants pachyderms from Africa. For hundreds ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required