Sunday, 24 September 2017

ib0017 smu mba summer 2017 (oct/nov 2017 exam) IVth sem assignment

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DRIVE
Summer 2017
PROGRAM
MBA
SEMESTER
4
SUBJECT CODE & NAME
IB0017 –INTERNATIONAL BUSINESS ENVIRONMENT AND INTERNATIONAL LAW
BK ID
B1909
CREDIT & MARKS
4 CREDITS, 60 MARKS

Q1. The legal environment of the host country affects a multinational company. Explain.
Explain how the local laws, civil laws, criminal laws, and trade regulations influences the operations of an MNC
Answer:
In addition to the political environment in a country, the legal environment comprising of local laws, civil laws, criminal laws, and trade regulations also influences the operations of a foreign firm. It is important for a foreign firm to know the regulatory provisions in each market, and as it is a sound knowledge about the legal environment

Q2. Elaborate the objectives of the International Monetary Fund.
Explaining the objectives of the IMF
Answer:
Objectives of the IMF are:
(a)    to endorse international economic collaboration through an enduring organization which offers a system for discussion and cooperation on


Q3. List the provisions of the Warsaw Convention and the rules added in the Hague Protocol.
Provisions of Warsaw Convention
Rules added in the Hague Protocol
Answer:
The Warsaw Convention:
(a) Regulates specifics that are going to be incorporated in the documents of carriage;

(b)   Determines the



Q.4: Write short notes on:
a. Export cartels
b. Customs and tariffs
ANS:

a. Meaning and role of export cartels:
A cartel is said to exist when two or more enterprises enter into an explicit or implicit agreement to fix prices, to limit production and supply, to allocate market share or sales quotas, or to engage in collusive bidding or bid-rigging in one or

Q.5: How does the TRIPs agreement protect IPRs? What are the seven intellectual properties defined in TRIPs?
TRIPS and IPRs
7 intellectual properties
ANS:

TRIPS and IPRs:
The Trade Related Aspects of Intellectual Property Rights (TRIPS) is considered a controversial outcome of the UR. TRIPs, in conjunction with TRIMs and services were known as the new issues discussed in the UR. Intellectual Property


Q.6: Which are the various kinds of investment treaties and how do they function?
Meaning of Investment treaties
Kinds
ANS:

Meaning of Investment treaties:
The desire to attract foreign investment has led most countries, especially developing countries, to adopt policies that are designed to create a favourable investment climate. An important part of these policies are legal safeguards. These legal

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