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Master of Business Administration - MBA Semester 4
IB0017-International Business Environment and International Law
Book ID-B1909
Assignment (60 Marks)
Note: Answers for 10 marks questions should be approximately of 400
words. Each question is followed by evaluation scheme. Each Question
carries 10 marks 6 X 10=60.
Q1. Discuss the pros and cons of internationalization.
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 diversification due to, for volume effects
by increasing the quantity example, technological differences or a different
structure of

Q2. Explain the relationship between law, business and international

law. How is international law considered to be mixed in nature?
Answer. 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 among states. The concerns of international
economic and business law relate to the international economy, and involve
sales of goods, trade in services, intellectual property licensing and protection,
international finance and foreign direct investment, as well as the settlement
of disputes relating thereto. This field is affiliated with international business
studies and with international economic

Q3. What are the laws regarding carriage of goods by sea? What the
related liabilities of international carriage of cargo?
Answer. 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 shipowners 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 Appendix of the United
States Code, starting at Section 1301, but has been moved to a note in 46
United States Code 30701.

Q4. Write short notes on:

a. Labour rights
b. European Union
Answer. 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 between the union, the employer and the employee.
Individual labor law involves concerns for employees' rights in the

Q5. How does the TRIPs agreement protect IPRs? What are the 7
intellectual properties defined in TRIPs?
Answer. 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 resulted in the Doha
Declaration. The Doha declaration is a WTO statement that clarifies the scope
of TRIPS, stating for

Q6. Which are the various kinds of investment treaties and how do
they function?
Answer. Investment treaties

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 operates.

Winter-2015
Get solved assignments at nominal price of
Rs.125 each.
Mail us at: subjects4u@gmail.com or contact at
09882243490