DQ2_WK5

Running head : MULTI-NATIONAL CORPORATIONS

Commerce Overseas

Multi-National Corporations : Issues and Legal Matters

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Introduction

Brisk globalization and industrial transformation have affected the lives of every person involved in commerce for no less than the last half of this century . Force alone neither globalization nor technology may possibly have shaped this new world of business , but together they have revolutionized the milieu for every individual , business , and organization around the world . In such instance , the massive involvement of countries in the business

arena has also spurred implications that are consequently brought to legal battles ADDIN EN .CITE Cooper8217Richard N CooperEconomic , Social and Environmental The Accelerating Decline in America apos s High-Skilled Workforce : Implications for Immigration PolicyForeign AffairsForeign Affairs (Cooper , 2008 . It is inevitable for two parties to have issues and concerns when it comes to dealerships that revolves around differences of countries and cultures - even though there is an existing umbrella of agreement created by the World Trade Organization More often than not , these issues serve as a training ground for these tycoons to harness their globalization prowess and hopefully make the international market a more friendly setting for the future success of their companies

Analysis

International business is often argued to be a field that is running out of steam . Even though economic measurement is present in determining the success or failure of a business , still there are no precise conclusions as to how multi-national corporations handle issues that make their journey to success an uphill . The most common issue in this kind of trade and commerce is breach of contract most likely similar to cases in local business agreements . The world trade organization notes that the agreements - which are expected to be followed - basically those on goods , services and intellectual property . Aside from that given the fact that these corporations are communicating with other countries , dispute settlements , trade policies and plurilateral agreements are carefully created to have a balanced and provide a clear basis for participating countries . These agreements though are supervised and analyzed not solely by a single country , but by a committee that is composed of representatives from all participating bodies . This is to ensure that the economic and legal measures do not overpower any country 's perspectives on globalizing their business entities ADDIN EN .CITE WTO2008262 WTOWorld Trade Organization : Agreement and Legal Texts2008http /www .wto .org /english /docs_e /legal_e /legal_e .htm (WTO , 2008

Outsourcing : A Globalizing Business

Ben Worthen in his article Outsourcing Outlook : Higher Costs Ahead observes that information-technology activities in India has been one of the most feasible outsourcing activities over the past few years However , there is a persisting downside to the current outsourcing trends in India : outsourcing is becoming more expensive . The primary reason behind this is that , since outsourcers pay the wages of their employees in terms of the Indian Rupee and since most of the revenues are in dollars , the increasing performance of the Indian Rupee against the dollar translates to lesser revenues . With the...