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LP1 Video This assignment will assess the following competency 1: EVALUATE the Legal Environment of International Business. Directions: Createa PPT videoon the topic of free trade. REVIEW examples of...

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LP1 Video

This assignment will assess the following competency 1: EVALUATE the Legal Environment of International Business.

Directions: Createa PPT videoon the topic of free trade. REVIEW examples of free trade treaties like NAFTA and the EU from articles in the NAU Online Library. Your PPT presentation should be 5-8 slides long and 4 to 8 minutes in length in which you argue whether these organizations are good for the overall global economy. Include a slide with your references. Read the criteria in the Scoring Guide below for additional information regarding this assignment.

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Answered 48 days AfterOct 12, 2017

Solution

David answered on Nov 30 2017
28 Votes
Legal Environment of International Business
Legal Environment of International Business
Global Economy
What is Global Economy
Effect of Global Economy
The international organizations have dominant role in defining the modern economic system.
- Global Economy is basically the “economy of the world. It is considered as the international exchange of goods and services that is expressed in monetary units of account” – As defined by American English Macmillan Dictionary.
- The world economy has grown manifold as the technological progression has been successful in integrating and interconnecting the international community.
2
International Organizations
            
Role of International Organizations
From global health policy to monetary policy they help in managing various key areas of international concern.
Definition of International Organizations
International organizations are significant players in the critical episodes of international politics, with power in mediation, dispute resolution, peace keeping, applying sanctions and others.
These International Organizations are clearly defined as, ‘an institutional agreement between the members of an international system in order to achieve objectives according to systemic conditions, reflecting attributes, aspirations and concerns of its members’ –Hanrieder (1966)

3
Impact of the International Organizations on Global Economy
There are many International Economic and Trade Organizations formed around the world with the aim of promoting global and regional trade.
To name the few are: NAFTA, SAFTA, EU etc.
.
NAFTA And Its Impact
NAFTA or the North American Free Trade Agreement
Provided for the elimination of most tariffs on products traded among the three countries.
Major Focus of NAFTA
Role of NAFTA
Its Impact
NAFTA fundamentally reshaped North American economic relations. ry.
NAFTA enjoyed bipartisan backing
- NAFTA Is a 3 country accord negotiated by the Governments of Canada, Mexico and United States
History:  Established in January 1994.
- Major Focus of NAFTA Liberalization of trade in agriculture, textiles, and automobile manufacturing was a major focus.
- Role of NAFTA Also sought to protect intellectual property, establish dispute-resolution mechanisms, and, through side...
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