It is important to use the anti-competitive practices to maintain the country’s sovereignty. Allowing unregulated competition within a country may have adverse effects on the economic conditions of the country. For this reason, countries may use anti-competitive business behaviors to ensure that the interests of the country are safe guarded and the country’s sovereignty is maintained. The use of anti-competitive behaviors not only maintains the country’s sovereignty but it also ensures that economy of the country is not affected due to competition.
Effectiveness of Global Competitive law in international relations.
According to the Institute of Medicine (IOM), quality of health care has been improved by technology significantly especially redesigning of the health systems. International relations is more concerned with how the nations relate to each other. For this reason, countries have always differed on the ways that international laws affect international trade. For instance, the U.S, Britain, and Europe have differed on how the global competitive laws affect economic powers of the nations. The global competitive law affects how US companies compete with foreign challengers. If companies from a different country are barred from competing in trade by the competitive laws, the international relations between the countries is affected and the countries affected may look for ways to retaliate.
Extent that Global Competitive Law (GCL) is ineffective in international relations.
Competitive laws have many advantages to a country. These laws may, however, affect the international relations between nations. One of the factors that affects a country if engaging in international trade is a macroeconomic risk. Markets from different countries have different tastes. Companies from different countries must evaluate the risks involved in doing business in certain countries. Countries may set competitive laws to limit other countries from doing business in their country. In case some countries are prohibited by the GCL from doing business in a certain country the international relations between the countries is affected. The global competitive laws may favor a countries economic interests, but since it affects the economic conditions of other countries, they affect the international relations involved.
Countries always tend to retaliate if economic other countries use competitive laws to affect business operation between the countries. As long as the countries will not use the competitive laws to affect the economy of other countries, there will be smooth international relations between the countries. If the countries change the economic conditions of other countries by using global competitive laws, the international relations between the two nations will be adversely affected, and each country will be enacting laws to prevent the other country from business operations within the country. The global competitive laws are important to a nation’s economy but a threat to the international relations between nations.
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