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International Business Environment Assignment 2

International Business Environment Assignment 2

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KSOU ASSIGNMENTS
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12/09/2012

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1 
Course-19International Business Environment 2. Why why firms go international? Discuss the problems faced by MNCs inintroducing a new product.
 Introduction:
This
paper d
iscuss
t
h
e mean
i
ng of 
i
nternat
i
onal trade, a look at t
h
e
i
nternat
i
onalorgan
is
at
i
on known a
s
World
T
rade Organ
is
at
i
on and
i
t
s
role a
s
far a
s
 
i
nternat
i
onal trade
is
 
c
on
c
erned.
International Trade.
Internat
i
onal trade may be def 
i
ned a
s
a
c
ontra
c
t of b
u
y
i
ng and
s
ell
i
ng good
s
and
s
erv
ic
e
s
entered
i
nto between part
i
e
s
w
h
o
s
e pla
c
e
s
of b
usi
ne
ss
are
i
n d
i
fferent
c
o
u
ntr
i
e
s
or trade
i
n good
s
and
s
erv
ic
e
s
t
h
at
cu
t a
c
ro
ss
 
i
nternat
i
onal border
s
or bo
u
ndar
i
e
s
or between nat
i
onal
s
of d
i
fferent
c
o
u
ntr
i
e
s
.
This
 
i
nvolve
s
 
i
mport
s
from one
c
o
u
ntry to anot
h
er and or export
s
to one
c
o
u
ntry fromanot
h
er
c
o
u
ntry or tran
s
bo
u
ndary trade. An
i
nternat
i
onal
s
ale or export trade
c
ontra
c
t
c
an al
s
obe de
sc
r
i
bed a
s
an agreement for t
h
e
s
ale and del
i
very of good
s
a
c
ro
ss
 
i
nternat
i
onal border
s
orbo
u
ndar
i
e
s
and for all ot
h
er t
hi
ng
s
 
i
n
ci
dental to
i
t. F
i
ve e
ss
ent
i
al
s
of 
such
 
i
nternat
i
onal tradeare:
y
 
A
c
ontra
c
t of 
s
ale of good
s
.
y
 
A
c
ontra
c
t of 
c
arr
i
age of good
s
.
y
 
Th
e
c
ontra
c
t o
i
n
su
ran
c
e for t
h
e good
s
.
y
 
Th
e
c
ompl
i
an
c
e w
i
t
h
formal
i
t
i
e
s
and do
cu
mentat
i
on req
ui
rement
s
 
s
t
i
p
u
lated by t
h
e
 
2
  
export
s
and
i
mport
s
a
u
t
h
or
i
t
i
e
s
.
y
 
Th
e me
ch
an
is
m for payment
s
et
u
p by t
h
e b
u
yer.S
i
n
c
e no nat
i
on
c
an prod
uc
e all
i
t need
s
by
i
t
s
elf alone,
i
nternat
i
onal trade
h
a
s
be
c
ome notonly a mean
s
by w
hich
nat
i
on
s
 
s
o
u
r
c
e t
h
o
s
e good
s
and
s
erv
ic
e
s
t
h
ey la
c
k or do not
h
ave
i
n
su
ff 
ici
ent q
u
ant
i
t
i
e
s
b
u
t al
s
o a
su
bje
c
t of 
i
nternat
i
onal pol
i
t
ics
e
i
t
h
er for a
chi
ev
i
ng,promot
i
ng or ma
i
nta
i
n
i
ng pea
c
e between
i
nternat
i
onal trad
i
ng partner
s
or
c
o
u
ntr
i
e
s
and a
s
o
u
r
c
e of nat
i
onal
i
n
s
e
cu
r
i
ty a
s
a re
su
lt of external development
s
 
i
n
c
o
u
ntr
i
e
s
w
i
t
h
w
hich
 
i
t
i
nter-depend
s
or depend
s
on for e
ss
ent
i
al prod
uc
t
s
and
s
omet
i
me
s
war
s
are fo
u
g
h
t to pre
s
ervet
h
at nat
i
onal
s
e
cu
r
i
ty. For
i
n
s
tan
c
e
i
t
h
a
s
been arg
u
ed t
h
at one of t
h
e rea
s
on
s
for US
go
i
ng
i
ntot
h
e G
u
lf War
s
on t
h
e
si
de of K
u
wa
i
t aga
i
n
s
t Iraq wa
s
US
 
i
ntent
i
on to pre
s
erve t
h
e v
u
lnerab
i
l
i
tyof 
i
t
s
e
c
onomy to o
i
l
c
r
isis
 
i
i
t
is
 
cu
t off from o
i
l p
u
r
ch
a
s
e
s
from t
h
e G
u
lf by t
h
e
h
o
s
t
i
le Iraq t
h
at
h
ad annexed t
h
e o
i
l-r
ich
port
i
on
s
of K
u
wa
i
t.
The Role of WTO
.
Th
e role of W
T
O
i
n
i
nternat
i
onal trade
is
a
s
 
s
t
i
p
u
lated
i
n t
h
e Agreement e
s
tabl
ishi
ng
i
t and
i
n
c
l
u
de
s
:
1.
 
fa
ci
l
i
tat
i
ng t
h
e
i
mplementat
i
on, adm
i
n
is
trat
i
on and operat
i
on and f 
u
rt
h
er
i
ng t
h
e obje
c
t
i
ve
s
 of t
h
e agreement e
s
tabl
ishi
ng
i
t and ot
h
er M
u
lt
i
lateral
T
rade Agreement
s
and prov
i
d
i
ngt
h
e framework for t
h
e
i
mplementat
i
on, adm
i
n
is
trat
i
on and operat
i
on of t
h
e Pl
u
ral
i
ty
T
radeAgreement
s
,
3.
 
prov
i
d
i
ng t
h
e for
u
m for negot
i
at
i
on
s
among
i
t
s
Member
s
 
c
on
c
ern
i
ng t
h
e
i
r m
u
lt
i
lateraltrade relat
i
on
s
 
i
n matter
s
dealt w
i
t
h
 
u
nder t
h
e agreement
s
 
i
n t
h
e Annexe
s
to t
h
eAgreement
s
ett
i
ng
i
t
u
p and for t
h
e re
su
lt
s
of 
such
negot
i
at
i
on
s
a
s
may be de
ci
ded by t
h
e
 
3 
M
i
n
is
ter
i
al Conferen
c
e, adm
i
n
is
ter
i
ng t
h
e Under
s
tand
i
ng on R
u
le
s
and Pro
c
ed
u
re
s
 Govern
i
ng t
h
e Settlement of D
is
p
u
te
s
or t
h
e D
is
p
u
te Settlement Under
s
tand
i
ng w
hich
 
is
 Annex
2
to t
h
e agreement
s
ett
i
ng
i
t
u
p,
4.
 
adm
i
n
is
ter
i
ng t
h
e
T
rade Pol
ic
y Rev
i
ew Me
ch
an
is
m
i
n Annex 3 of t
h
e agreement
s
ett
i
ng
i
t
u
p,and
5.
 
Cooperat
i
ng a
s
appropr
i
ate w
i
t
h
t
h
e Internat
i
onal Monetary F
u
nd and t
h
e Internat
i
onalBank for Re
c
on
s
tr
uc
t
i
on and Development [a.k.a. t
h
e World Bank] w
i
t
h
a v
i
ew to a
chi
ev
i
nggreater
c
o
h
eren
c
e
i
n global e
c
onom
ic
pol
ic
y mak
i
ng.
This
 
is
a
i
med at b
ui
ld
i
ng better
u
nder
s
tand
i
ng and
c
oord
i
nat
i
on between a trade organ
is
at
i
on l
i
ke W
T
O and monetary
i
n
s
t
i
t
u
t
i
on
s
l
i
ke IMF and World Bank. It may be
s
a
i
d
i
n pa
ssi
ng t
h
at t
h
e
s
e are two f 
i
nan
ci
al
i
n
s
t
i
t
u
t
i
on
s
w
i
t
h
o
u
t good rep
u
tat
i
on w
i
t
h
develop
i
ng
c
o
u
ntr
i
e
s
and t
h
at are
s
een by t
h
emto
h
ave been re
c
ommend
i
ng e
c
onom
ic
reform
s
and
s
tr
uc
t
u
ral adj
us
tment programme
s
 t
h
at de
s
troy, rat
h
er t
h
an reb
ui
ld, t
h
e
i
r e
c
onom
i
e
s
.It
is
arg
u
ed t
h
at t
h
e
u
lt
i
mate goal of t
h
e m
u
lt
i
lateral
i
n
s
t
i
t
u
t
i
on of GA
TT
and W
T
O
is
t
h
eprov
isi
on of freer global trade and e
c
onom
ic
relat
i
on
shi
p among member
s
and t
h
at GA
TT
 
is
 de
si
gned to a
chi
eve freer trade and to
i
mprove market a
cc
e
ss
by-(a)
h
av
i
ng all prote
c
t
i
on take t
h
e form of tar
i
ff 
s;
 
(b)
 
h
old
i
ng m
u
lt
i
lateral negot
i
at
i
on at w
hich
t
h
o
s
e tar
i
ff 
s
are lowered and bo
u
nd
;
 
(
c
)
 
en
su
r
i
ng t
h
at t
h
e
s
e agreement
s
are
i
mplanted [
sic
] by req
ui
r
i
ng t
h
at any
i
n
c
rea
s
e
i
n a bo
u
ndtar
i
ff m
us
t be
c
ompen
s
ated by t
h
e red
uc
t
i
on of anot
h
er
;
 
(d)
 
Prov
i
d
i
ng a me
ch
an
is
m by w
hich
 
si
gnator
i
e
s
 
c
an
s
ettle d
is
p
u
te
s
.
Th
e
succ
e
ss
of W
T
O
i
n
i
t
s
role of 
i
n
c
rea
si
ng world trade
is
mea
su
red
i
n a
cc
ordan
c
e w
i
t
h
t
h
e

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