The economic and political transformation of Central Europe and the former Soviet Union, the opening of markets in India and Latin America, the return of Hong Kong and Macau to Chinese control, the end of apartheid in South Africa, and the emergence of China as a global economic power are just a few of the events that have transformed the business world. More recently, the economic crisis in Asia has exposed new vulnerabilities in the global economy, raising the risk of regional or worldwide recession. In all of these event, a complex and rapidly evolving legal structure plays a significant role in the success or failure of economies and industries. As the 21st century dawns, even more revolutionary change is on the way for the world of business. The explosion of electronic commerce promises to raise new issues of business-government relations, making borders more difficult to police and business activities more difficult to regulate.
New technologies create new products, new methods of sales, delivery and service.
Fortunately, the basic legal principles for international business are widely known and accepted. They form a sound base for business practice even in times of rapid change. The purpose of this course is to explore the basic principles of law as they affect international business, and look at the ways the ideas apply today and how they will change for the future. Back to Top Competencies College course work should help you realize two kinds of sets of skills. One relates to the specific topics taught in the course, which were discussed in the introductory section of this syllabus.