bilateral or multilateral interests to nations‚ and also to discuss on laws and agreements which can affect their nation. Diplomacy defers from an aggressive approach‚ and uses an assertive approach in dealing with people. The goal of diplomacy on an international level is to safeguard the national interests‚ foster trade and promote the culture and economy between nations. The word comes from the Greek word "diploma" which literally means "folded in two." In old Greece‚ a diploma was a certificate for completion
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1. Introduction Issues of customs jurisdiction and powers vis-a-vis international law obligations remain thorny issues in customs operations. Powers that customs can exercise can be limited by international law through conventions and treaties which a state becomes party to especially where people can claim immunity or where vessels are on the high seas and in international waters. International conventions such as the Vienna Convention on Diplomatic Relations‚ the UN Convention on the Law of the
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12 Globalization and International Trade “Globalization” refers to the growing interdependence of countries resulting from the increasing integration of trade‚ finance‚ people‚ and ideas in one global marketplace. International trade and cross-border investment flows are the main elements of this integration. Globalization started after World War II but has accelerated considerably since the mid-1980s‚ driven by two main factors. One involves technological advances that have lowered the costs
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Realism is an international relations theory which states that world politics is driven by competitive self-interest.[1] ------------------------------------------------- Common assumptions[edit source | editbeta] Realism is a tradition of international theory centered upon four propositions.[2] 1. The international system is anarchic * There is no actor above states capable of regulating their interactions; states must arrive at relations with other states on their own‚ rather than it being
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International Business Concepts 1st Concept: Sovereign Wealth Funds Sovereign Wealth Funds are investment funds controlled by governments holding great amount of stakes in foreign businesses aiming to gain profits and stimulate its national economy. Charles Ortel‚ reporting for Washington Times‚ expresses our urgency as a nation to create an American Sovereign Wealth Fund. If our government soon capitalizes $1 trillion‚ America can succeed in reaching and over passing other countries that currently
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International Finance for AT&T Introduction AT&T is a multinational company that operates in an abundance of countries throughout the world. This report will discuss many aspects of AT&T as a multinational company including how the global investment banking process has assisted AT&T. Discussion will also explain how the regulatory bodies affect financial decision making‚ identify and evaluate contemporary issues in international financial description. With AT&T operating on 6 continents throughout
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International Business Checklist * What is the difference between Ethics & Morals. * Understand Hofsted’s four primary cultural dimensions. * Understand the meaning of ‘opportunity costs’. * Make sure you understand co ordinate/ Cartesian geometry. If not go & ask A.S.K. * Demand & Elasticity - Practice your percentages. * What is the difference between revenue & costs! When profit is at its maximum what is the gradient of the slope? * Competition depends on what
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Reasons for International Trade Domestic Non-availability International trade is the exchange of goods and services between countries. An import is the UK purchase of a good or service made overseas. An export is the sale of a UK-made good or service overseas. A nation trades because it lacks the raw materials‚ climate‚ specialist labour‚ capital or technology needed to manufacture a particular good. Trade allows a greater variety of goods and services. Principle of Comparative Advantage
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The Function of International Trade In general‚ the function of international business is exchange of products‚ capitals and services from one nation to another nation‚ in short it is namely as export and import. Global trading gives consumer and countries an opportunity to expose the product and services which cannot derived in their own country. International trade enable a country to participate in global economy and it is also a good chance of Foreign Direct Investment (FDI) which that the
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under int law (Art 3&31) -General rules in ILC Articles may be overridden by specific agreements with different rules (Art 55) (a) General principles-Wrongful act and breach ILC Art 1: Every internationally wrongful act of a State entails the international responsibility of that State. - can be one or more actions; may be attributable to more than one state ** Can be an omission. Corfu Channel Case‚ it was a sufficient basis for the responsibility that the State knew‚ but did nothing to warn third
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