International Business Chapter 9

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At a glance, one may assume that individuals do not play a significant role in international law. International law may seem too broad to encompass individuals in any society. This is because that international law has no jurisdiction. It applies regardless of the local jurisdiction sometimes even overriding local legislation. Courts may use international law to pass judgement on tricky cases. However, individuals play a significant role in international law. International law focuses mainly on the individual. It ensures that individuals get justice mostly in situations when the national

At the time of development of globalization there were many concerns about its benefits. However, it has brought significant changes in all segments of human life and International business is one area in which it contributed heavily (Reich, 1998). Companies all over the world are currently formulating their business strategies mainly after considering the trends in global market instead of domestic market. Outsourcing and offshoring are some of the new business principles emerged in this world after the implementation of globalization (Samimi and Jentabad, 2014). The core of these new business concepts is to exploit the business opportunities in overseas countries as much as possible (Samimi and Jentabad, 2014).

founding treaties and those currently in force. The sources of law and their effect will analyse,

Some definitions of “international law” can be found on the Web as follows: “The body of laws governing relations between nations”, “International law is the term commonly used for referring to the system of implicit and explicit agreements that bind together nation-states in adherence to recognized values and standards, differing from other legal systems in that it concerns nations rather than private citizens. ...”, “A complex network of principles, treaties, judicial decisions, customs, practices, and writings of experts that are binding on States in their mutual relations.” The common point of the definitions is that, international law deals with the states and

Their principal differences are in their scope and their intended subjects. International law governs the relationships that states have with each other and international institutions, whereas national law applies within a nation. International law gains its force from agreements made between states and customs and practices that have been followed by states over time, whereas national law is imposed by state actors. (The Open University, 2014)

International law regulates the law and rules between multiple states. It’s not enforced by any certain government or particular legislation. An example of this law is the European Convention on Human Rights 1950 (ECHR). Created in 1950 it has 47 members which have signed into this law and abide by it, in regards to human’s rights and freedom. However national laws are used within one particular state. The state will have its own right to create new laws and runs its own legal system.

International Law stands for the law governing the relations of states. This term was explained by Jeremy Bentham; since his era international law has been a major topic in jurisprudence. International Law covers four important subtopics within its concept: 1. Sources of Doubt, 2. Obligations and Sanctions, 3. Obligations and the Sovereignty of States, and 4. International Law

Secondly, the primary distinction between domestic and international law is that the latter often lacks an enforcement mechanism. International law has no international police force to oversee obedience to the international legal standards to which States agree or that develop as international standards of behavior. In addition, there is no compulsory enforcement mechanism for the settlement of disputes. National laws and courts are often an important means through which international law is implemented in practice.

At a glance, one may assume that individuals do not play a significant role in international law. International law may seem too broad to encompass individuals in any society. This is because that international law has no jurisdiction. It applies regardless of the local jurisdiction sometimes even overriding local legislation. Courts may use international law to pass judgement on tricky cases. However, individuals play a significant role in international law. International law focuses mainly on the individual. It ensures that individuals get justice mostly in situations when the national legislation

Those sources of law divide in internal and external, Common and Statute are internal while European Union law and European convention on Human Rights are external laws. Internal laws refers to laws that

This paper will be focus predominately on the primary sources of International Law, examining the purpose and meanings of

For instance, in the US the first income tax was imposed during the War of 1812, as a method of repaying the debt incurred through was-related expenses. When the war ended, the tax was repelled, but income tax became a permanent fiscal tool in the early 20th century.

Efforts to promote the rule of law have addressed a variety of state and social institutions.

In general, taxation is a process government use to raise revenue to finance its activities and operations.