International Politics:The effect of politics on international business is determined by both the bilateral political relations between home and host countries and by multilateral agreements governing the relations among groups of countries.
International Law:Plays an important role in the conduct of international business. Treaties and agreements have a strong influence on international business operations.
International Law
The World Trade Organization defines internationally acceptable economic practices for its member nations.
The Patent Cooperation Treaty (PCT) provides procedures for filing patent applications.
The United Nations has developed codes and guidelines that affect international business.