A SWAT analysis of the three terms associated with domestic and global legal implications

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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A SWAT analysis of the three terms associated with domestic and global legal implications 

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INTRODUCTION:

Three crucial terms with regard to domestic and international legal ramifications are as follows:

1. The term "sovereignty" describes a state's absolute power within its national borders. A state's ability to oversee its internal affairs, including its economic, social, and political ones, is made possible by its sovereignty.

2. Jurisdiction: This term refers to the legal authority of a state to regulate and control the activities of individuals and organizations within its borders. Jurisdiction can be extended to cover transnational crimes, such as cybercrime or terrorism, and can also be used to enforce international law.

3. Extraterritoriality: This term refers to the application of a state's legal jurisdiction beyond its territorial boundaries. Extraterritoriality can be used to regulate and control the activities of its citizens and organizations outside its borders, which can help to protect national interests and values. 

 

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