SMU MBA WINTER 2015 -2016
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PROGRAM-MBADS (SEM 4/SEM 6) MBAFLEX/ MBA (SEM 4) PGDIB (SEM 2)
SUBJECT CODE & NAME-IB0017 –International Business Environment and International Law
CREDIT & MARKS-4 CREDITS, 60 MARKS
Q1. Discuss the pros and cons of internationalization. (Pros, cons) 5, 5
Answer: Pros Cons Increasing the annual net profit or cash High initial investments are necessary, for flows by transferring competitive example, for a distribution system advantages to a foreign market Using foreign sales potentials to achieve Costly product
Q2. Explain the relationship between law, business and international law. How isinternational law considered to be mixed in nature?
(Relationship, International law)6, 4
Relationship between law, business and international law
International business and economic law involves the public international law and domestic law applicable to international business transactions between private parties, as well as the public international law applicable to trade and investment relations between or
Q3. What are the laws regarding carriage of goods by sea? What the related liabilities of international carriage of cargo?
(Carriage of goods by sea, International carriage of cargo)7,3
Laws regarding carriage of goods by sea
The Carriage of Goods by Sea Act (“COGSA”) is a United States statute governing the rights and responsibilities between shippers of cargo and ship-owners regarding ocean shipments to and from the United States. It is the U.S. enactment of the International Convention Regarding Bills of Lading, commonly known as the “Hague Rules”. It was found in Title 46
Q4. Write short notes on:
- Labour rights
- European Union
(Meaning and role of Labour rights, Meaning and role of EU)
Meaning and role of Labour rights:
Body of rulings pertaining to working people and their organizations, including trade unions and employee unions, enforced by government agencies. There are two categories of labor laws; collective and individual. Collective labor law involves relationships
Q5. How does the TRIPs agreement protect IPRs? What are the 7 intellectualproperties defined in TRIPs?
(TRIPS and IPRs, intellectual properties)5,5
TRIPs agreement protect IPRs
The TRIPS agreement introduced intellectual property law into the international trading system for the first time and remains the most comprehensive international agreement on intellectual property to date. In 2001, developing countries, concerned that developed countries were insisting on an overly narrow reading of TRIPS, initiated a round of talks that
Q6. Which are the various kinds of investment treaties and how do theyfunction?
(Investment treaties meaning, Kinds,Function)2,4,4
An investment treaty is an agreement made between two or more sovereigns that safeguards investments made in the territory of the signatory countries. Sovereigns purportedly promulgate these investment treaties as “a means to satisfy the need to promote and protect foreign investment and with a view to enhancing the legal framework under which foreign investment
SMU MBA WINTER 2015 -2016