Nobody downloaded yet

Laws and Regulations on Foreign Trade - Essay Example

Comments (0) Cite this document
Summary
Thun (347) was correct in the observation that there is nothing new about globalization. He said, “(i)n the sixteenth century, chartered trading companies established foreign production facilities for much the same…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.2% of users find it useful
Laws and Regulations on Foreign Trade
Read TextPreview

Extract of sample
"Laws and Regulations on Foreign Trade"

Download file to see previous pages We have reached a stage when it is no longer possible to ask whether or not we should take part in globalization, but rather, what can we do to mitigate its possible risks (if any) and take advantage of its myriad benefits
In the United States, however, especially during these times of recession, outsourcing has been a way out for companies to stay afloat. These companies want to take advantage of the cheap labor costs in the developing world, as well as the cheap resources. However, the problem is that the countries where these commodities and services are outsourced often do not have very stringent quality control standards. Many of them do not comply with basic environmental guarantees and health rules. The United States has very stringent policies with regard to environmental and health protection. Care must be given that harmful chemicals are not used in the commodities so that they do not pollute the atmosphere or compromise the health of those who purchase the product. However, when the production of the commodities is done outside the United States, then a number of problems surface. The regulations tend to be more relaxed, and since the workers are being paid less, it is hard to impose quality control and ensure consistency of outcomes. This paper will discuss two consequences of improper quality control standards that result from a lack of regulations. These are: environmental regulations, health regulations and labor regulations.
The United States Environmental Protection Agency was created in 1970 and is responsible for setting and monitoring standards of pollution in both air and water, and hazardous wastes and chemicals. Its EPA regulations – regulations which ensure compliance with the set environmental standards and procedures laid down by law – see to it that corporations do not add to the pollution in the environment and do not cause a ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Laws and Regulations on Foreign Trade Essay Example | Topics and Well Written Essays - 1250 words”, n.d.)
Laws and Regulations on Foreign Trade Essay Example | Topics and Well Written Essays - 1250 words. Retrieved from https://studentshare.org/miscellaneous/1586698-laws-and-regulations-on-foreign-trade
(Laws and Regulations on Foreign Trade Essay Example | Topics and Well Written Essays - 1250 Words)
Laws and Regulations on Foreign Trade Essay Example | Topics and Well Written Essays - 1250 Words. https://studentshare.org/miscellaneous/1586698-laws-and-regulations-on-foreign-trade.
“Laws and Regulations on Foreign Trade Essay Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/miscellaneous/1586698-laws-and-regulations-on-foreign-trade.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Business Entities, Laws, and Regulations Paper
...?Business Entities, Laws, and Regulations Paper Business Entity Scenario Lou and Jose plan to open a sports bar and restaurant where s socialize and watch sporting events on large-screen TVs that hang around the bar. They do not have much money, but they do have Miriam, a wealthy investor who does not have time to participate in the business, but wants to provide capital to start the business in return for a percentage ownership. 1.1) Starting Business: Laws and Regulations Doing business in a country where laws and regulations are defined; makes the business easier and profitable. The idea is to be sensitive to the various laws regarding registration of business entity, employment, taxation, intellectual property rights that form... is not...
4 Pages(1000 words)Term Paper
Business Entities, Laws, and Regulations
...? Business entities, Laws and Regulations Insert Task Business Entities, Laws, and Regulations Introduction Business involves all activities related to buying and selling of goods in order to make a profit. There are different types of businesses which people can operate. Some of the entrepreneurs prefer being sole proprietors while others may prefer partnership depending on the personal commitment (Hillman, 1997). All types of businesses require one to have a business permit from the government to operate. For instance, a restaurant has its own regulations while building and construction has different regulations although they come from...
5 Pages(1250 words)Term Paper
Business Entities, Laws, and Regulations
...Business Entities, Laws, and Regulations Venturing into business opportunities requires careful planning and some research on state laws, regulations and licensing. It also involves looking into the business entities, taxation, taking control, and taking liability issues into consideration. When starting up any business, one must have talent, desire and motivation. Starting up a business is an activity that should not just be completed within a night. It begins with drafting a well-thought-out and comprehensive business plan, which will improve the chance for business success. Each business plan requires thorough planning and research. A well detailed business plan...
5 Pages(1250 words)Research Paper
Data Protection Laws, Regulations, and Policies
...?Running Head: DATA PROTECTION LAWS, REGULATIONS, AND POLICIES Protective Measures of Introduction In the UnitedStates of America, a sectoral system is used in the application of the legislations, regulations, laws, and policies on data protection. According to this approach, a combination of federal and state legislations, regulations, as well as self-regulation is applied. In fact, the U.S government emphasizes the need for the private sector players to lead in the implementation of state, federal, and self-regulations of data protection. The many issues brought about by computer and internet technologies have...
3 Pages(750 words)Essay
Business Entities, Laws, and Regulations
...Business Entities, Laws, and Regulations Table of Contents Introduction 2 Restaurant/Bar 3 Extermination Business 4 Construction Scenario 4 Conclusion 5 Works Cited 6 Introduction A business entity is an institution that is known to be principally engaged in economic functions such as production related to goods or distribution of services with the intention to earn profit and sustainable growth. The promoter or the entrepreneur decides the size of the entity, structures of the ownership affirming whether the entity will be operated by the sole trader or on a partnership basis and the location in which the business will be operating. The promoter takes the responsibility to combine the resources...
4 Pages(1000 words)Research Paper
Money & Banking Foreign Trade
...? Money & Banking: Foreign Trade Introduction Money and banking services constitute some of the inevitable elements of the modern life. Unlike olden days where the scope of money was limited to buying goods/services and paying debtors, today money is deployed as a tradable commodity to make further profits. Similarly, modern people largely depend on banking services including but not limited to check settlement, money transfer, online purchases, and payment of bills and subscriptions. With the emergence of globalization, countries worldwide liberalized their cross border trade laws which in turn promoted the concept of foreign trade....
17 Pages(4250 words)Essay
Major American employment-related laws and regulations
... Major American employment-related laws and regulations American employment-related laws and regulations Introduction Human resource managers must understand the labor laws that outline the rights of both workers and the employer. Title VII of the Civil Rights Act 1964, the Americans with Disabilities Act 1990 and Section 501 of the Rehabilitation Act 1973 prohibits employers from engaging in discriminatory practices in their employment matters. In this case, the organization is prohibited from discriminating a individuals on the basis of race, religion, color, sex, national origin, sex or disability in employment matters such as hiring, discharge,...
5 Pages(1250 words)Case Study
International Trade Laws
...foreign companies and foreign customers. This works for the higher competitive advantage of the national companies, and thus 'closing eyes' on the illegal actions foreign companies take abroad, as well as trying to sue them for the refund of the damages which national companies pay abroad, and which is often resolved for the benefit of the national company, is a means of fighting competition through the means and methods which are legal only on the surface. 'Competition law embodies an inherent conflict while protecting local consumers from monopolies, cartels and oligopolies - it ignores the very same practices when directed at foreign consumers'....
5 Pages(1250 words)Essay
Environmental Laws and Regulations
...Assignment ref: Environmental laws Environmental Laws and Cost Concerns Introduction Al Gore’s campaign for more legislative action for environmental protection has brought the subject to the center stage of discussions around the world. Climate change is now recognized as a real threat to the very survival of mankind, indeed the entire eco-biological system on planet earth. The debate is slowly veering round from, whether the change as is being predicted would materialize or not, to how soon and how severe would that change be, and its implications. Environmental laws and opposition While the international efforts intensify to push countries for more and more stringent environmental...
2 Pages(500 words)Essay
Financing Foreign Trade (slp)
...FINANCING FOREIGN TRADE We are in an era of globalization, and the world has become increasingly interconnected due to immense technological advancements. This development has enabled easy movement of goods and services across the world for commercial purposes; this is the essence of foreign trade. Countries have become interdependent; India imports mainly aircrafts and other machinery, precious stones that is diamond and gold, fertilizers and soybeans from America while she imports majorly agricultural products like rice, processed fruits and vegetables, essential oils, tree nuts, coupled with pharmaceutical products and diamonds from India.(Office of the United States Trade Representative, 2011... ...
1 Pages(250 words)Admission/Application Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Laws and Regulations on Foreign Trade for FREE!
Contact Us