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Master of Business Administration - MBA Semester 4
IB0017-International Business Environment and International Law
Book ID-B1909
Assignment (60 Marks)
Note: Answers for 10 marks questions should be approximately of 400
words. Each question is followed by evaluation scheme. Each Question
carries 10 marks 6 X 10=60.
Q1. Discuss the Driving Forces for Globalization in detail?
Answer: Driving Forces for Globalization:
Liberalization: One of the most important factors, which have given a great
impetus to globalization since the 1980s are the almost universal economic
policy liberalizations which are fostering a borderless business world. While
most liberalization is due to the multilateral negotiations between countries
that are members of the WTO, substantial liberalization has occurred due to
unilateral initiatives taken by governments, like, for example, the revolutionary
economic policy changes in China and other socialist/communist nations.

Q2. Discuss in detail various business environment?

Answer. Business Environment
Economic Environment
The economic environment has much to do with the scope of business,
business prospects and business strategy. The nature and level of development
of the economy, economic resources, size of the economy, economic system
and economic policies, economic conditions, trends in the GNP growth rate and
per capita income, nature of and trends in foreign trade, domestic supply and
demand conditions are all factors relevant to business. The World Bank revises
the classification of the worlds economies based on estimates of gross
national income (GNI) per capita for the year 2011. The updated GNI per capita
estimates are also used as input to the Banks operational
Q3. Explain the Relationship between Law and Business?
Answer. Relationship between Law and Business
Law and business are essential components for successful running of
companies in the public and private spheres. In a way, business is more related

to law as it is regulated by laws, for instance, the Contract Law, Corporate Law
and Tax Law, etc. What is the connection between law and business? How does
it grow? How does it affect business? This unit may not be able to answer all of
these questions probably but will highlight a few aspects of the connection,
specially the affects
Q4. Write short notes on:
a. Foreign Exchange Management Act (FEMA)
b. Industries (Development and Regulation)
Answer. a. Foreign Exchange Management Act (FEMA)
Foreign exchange transactions were regulated in India by the Foreign Exchange
(Regulations) Act (FERA), 1973. This Act also sought to regulate certain aspects
of the conduct of business outside the country by Indian companies and in
India by foreign companies. The main objective of FERA, framed against the
background of severe foreign exchange problem and the controlled economic
regime, was conservation and proper utilization of the foreign exchange
resources of the country. There was a lot of demand for a substantial
modification of FERA in the light of the ongoing economic liberalization and
improving foreign exchange reserves position. Accordingly, a new Act,
Q5. How does the TRIPs agreement protect IPRs? What are the 7
Intellectual Properties defined in TRIPs?
Answer. The Trade Related Aspects of Intellectual Property Rights
(TRIPS) is considered a controversial outcome of the UR. TRIPs, in conjunction
with TRIMs and services were known as the new issues discussed in the UR.
Intellectual Property Rights (IPRs) are defined as information with a commercial
value.

Q6. What are the cultural problems associated with international

negotiation? Write a note on government versus company strength in
negotiations
Answer. Government vs Company Strength in Negotiations
Many times government is a participant in international business negotiations.
There are many governmental factors which are hard to alter and consequently
are to be taken as expected. Nevertheless, the comparative negotiating
powers can influence the terms. There are two perspectives of the
governmental authority, namely, the hierarchy-based view and the bargainbased view.

Spring-2016
Get solved assignments at nominal price of
Rs.125 each.
Mail us at: subjects4u@gmail.com or contact at
09882243490