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IB0017 –International Business Environment and International


PROGRAM Master of Business Administration- MBA




IB0017 –International Business Environment and International



1 Discuss the Driving Forces for Globalization in detail?

Driving Forces for Globalization


Answer: Driving Forces for Globalization

  • Liberalization: One of the most important factors, which have given a greatimpetus to globalization since the 1980s are the almost universal economicpolicy liberalizations which are fostering a borderless business world. Whilemost liberalization is due to the multilateral negotiations between countries thatare members of the WTO, substantial liberalization



2 Discuss in detail various business environment?

Economic Environment

Social and Cultural Environment

Demographic Environment

Political Environment

Legal Environment


Answer: Business Environment

Economic Environment

The economic environment has much to do with the scope of business, businessprospects and business




3 Explain the Relationship between Law and Business?

Relationship between Law and Business


Answer: Relationship between Law and Business

Law and business are essential components for successful running ofcompanies in the public and private spheres. In a way, business is more relatedto law as it is regulated by laws, for instance, the Contract Law, Corporate Lawand Tax Law, etc. What is the connection between law and business? Howdoes it grow? How does it affect business? This unit may not be able to answerall of



4 Write short notes on:

  1. Foreign Exchange Management Act (FEMA)
  2. Industries (Development and Regulation)
  3. Foreign Exchange Management Act (FEMA)
  4. 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 aspectsof the conduct of business outside



5 How does the TRIPs agreement protect IPRs? What are the 7 Intellectual Properties defined in TRIPs?


7 intellectual properties


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


6 What are the cultural problems associated with international negotiation? Write a note on government versus company strength in negotiations

Cultural problems associated government versus company strength


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 consequentlyare to be taken as expected. Nevertheless, the comparative negotiating powerscan influence the terms. There are two

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