International law serves to increase international trade, investment and promote prosperity. 1 Introduction 2 2 Demography 3-4 3 Technology 4-6 4 Investment 6-7 5 Energy and Other Natural Resources 7-8 6 Conclusion 9 7 Bibliography 10 Introduction 1 International trade is the exchange of capital, goods, and services … International trade and state efforts to liberalize or restrict trade generate very contentious politics. Particulars Page No. If the rush to free trade is sustained, will its impact be benign or malign? Economical factor in International Markets. INTRODUCTION One of the most salient changes in the world economy since 1980 has been the impediment to entry into trade. Legal environments of countries vary that also affect dispute resolution situations and contractual relationships. In this lesson, we'll discuss political and legal factors pertinent to global markets. Political and Legal factors International trade is usually impacted by a country's legal and political landscape. This section also covers feedback effects from trade which, in turn, have an impact on the fundamental economic factors shaping trade. Georgine K. Fogel, Lawrence Technological University . So they have very strong influence on economy and development of business. 2. BUSINESS ENVIRONMENT IN CHINA: ECONOMIC, POLITICAL, AND CULTURAL FACTORS . Political factors affecting business are closely tied to legal factors affecting business.Stable political environment creates confidence of citizens and companies investing or planning to invest in particular country. 10. Political-Legal Environment. Political factors: Various political factors affect the international factors. Trade can lead to technological For an international business to be successful, there is a need to assess the balance existing between rules, local policies, and specific regulations that may positively or negatively impact the performance of any business. Political decisions have also strong influence on social and cultural environment in a … are very big factors in the business environment, there are other ways in which political issues can impact companies’ marketing operations, and those are the reactions of the people that are linked to their political identities. institutions has been important. Political factors give rise to a number of marketing implications. The factors influencing the state of economy are; 1. While structural political factors such as elections, referenda, treaty renewals, etc. These include the following: ... international trade law commission set up with the intent to provide a uniform commercial code for the whole world, particularly international sales and payments, commercial arbitration and shipping legislation. Political factors such as changes in tax rates, policies and actions of government, political stability of country, foreign trade regulations etc. Capital controls on any foreign currency would often work to increase its exchange rates. Finally, the reciprocal impact of trade on do-mestic politics and the international political system is important. Others argue that the quality of a Ascountry’s political and economic institutions can be a key source of comparative advantage. This is a non-market factor but it can still greatly impact a business. affects the working of an international business firm. 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