LAW00124 INTERNATIONAL BUSINESS LAW ASSIGNMENT QUESTION AND INSTRUCTIONS Assignment Question: This anonymous blog was written late 2018: "The latest news from The USA is the closure of GM, resulting...

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LAW00124 INTERNATIONAL BUSINESS LAW ASSIGNMENT QUESTION AND INSTRUCTIONS Assignment Question: This anonymous blog was written late 2018: "The latest news from The USA is the closure of GM, resulting in massive job losses. Even after all the subsidies and tariff protections afforded to them by the current US administration, American car manufacturers still can’t make cars for a competitive price. Protectionist tariffs have just made the raw materials sourced overseas more expensive. So, America’s competitors now make cheaper cars than the USA. Protectionist policies have actually assisted in the destruction of US auto industry and made American cars uncompetitive. It didn’t take that long to happen either. More industries will follow. America has been seriously disadvantaged in world markets." Discuss the accuracy of this blog in relation to World Trade and International Business Law, and the doctrine of Comparative Advantage. Note: 1. Note that the assignment is worth 40% of your total assessment mark. 2. Stick to the word limit of 2,000 words, plus or minus 10%. Check the word count (Under "Review" in word) and when you do make sure that the box at the bottom which includes footnotes or endnotes is NOT ticked or you will muck up your word count. 3. NOTE that you will have to read ahead and do some research. 3. Note that you need to submit by Monday 27th April 2020 no later than 11pm (NSW Time). 4. Submit only in electronic format through "Assignment submission". Check the Similarity Index of Turnitin and that you have references correctly so that there are no problems there. 1. MARKING GUIDE CRITERIA: The marker will examine whether you have: a. identified and clearly stated the relevant issues; b. stated relevant legal principles; c. critically analysed applicable law; d. integrated and evaluated relevant knowledge from both the material covered in this unit and your own independent research; e. developed and sustained a concise and convincing argument through to a logical conclusion; f. correctly referenced and acknowledged sources; g. used fluent, clear, concise writing, not containing poor expression, grammar or spelling; h. answered the specific question/s asked. It is important to understand that while this assignment may be rich in potential topical discussion, it is still an academic essay. Students should stay away from the "editorial" expressing personal views and stick to the facts. The blog presented in the question is, in fact, a good example of the type of writing that needs to be countered by your sensible, rational and evidence-based argument. You are free to agree or disagree with the blogger, but it must be done in a cogent and reasoned manner, based on the best evidence you can find to support your argument. Well written and well-argued points will be well received. Unreferenced bias, personal opinions and unsubstantiated political diatribes will not. The point of this assignment is to promote critical thinking about the current US Administration and it’s impact on world trade and international business law in the lead up to the 2020 election. As a result, there should be an almost endless supply of editorial and/or other opinionated dialogue online for you to access. It will be very tempting indeed for you to get bogged down in identity politics and matters of editorialised opinion dressed as fact. Please try and stick to critical analysis based on actual facts. It will also be very tempting to make personal, opinionated, politically motivated comments pertaining to the current US President. This temptation has been placed before you as it is very easy to criticise the current POTUS, indeed many do. You will have no trouble finding examples of editorials both praising and criticising the current US administration. Remember, this is a course in International Business LAW, not journalism or creative writing. Stick to the facts, they are much more powerful than any opinion. Appropriate citations of factual, peer reviewed material is essential to make your point. You may however use news reports and relate them to the course material you have been studying thus far, using citations to interpret the evidence. I hope you enjoy the journey, and don’t get lost in the fog! 2. GRADES: Based on your work, one of the following grades will apply: HIGH DISTINCTION: Fulfils all the criteria, as well as being particularly well researched and demonstrates a very high degree of originality and/or innovation in its treatment of the issues, a high order of critical and argumentative skills, and also a highly developed ability to write clearly, creatively and concisely. DISTINCTION: Fulfils all the above criteria, but also shows that the work is well researched and demonstrates a high degree of originality and/or innovation in its treatment of the issues, a high order of critical and argumentative skills, and also a developed ability to write clearly, creatively and concisely. CREDIT: In addition to satisfying the requirements for a PASS, students have demonstrated fluency of expression and well-structured arguments, demonstrated reading beyond the core materials and some analytical and critical argument. PASS: Students have demonstrated a basic knowledge and reading of core materials only, some perfunctory arguments. Their work reflects an awareness of gender and cross-cultural issues (where appropriate). They demonstrate average writing skills. FAIL: Disorganised, poorly argued, lacking in evidence and detail, overly descriptive. Demonstrates a failure to read or understand the core materials, evidence of a lack of research. 3. COMMENTS ON THE ASSIGNMENT Remember that the assignment should be 2,000 words in length, plus or minus 10%. The bibliography and brief footnotes are not included in the word count. You must place the word count on the cover sheet of your assignment. NOTE: Assignments must be uploaded into Turnitin portal on the International Business Law MySCU Blackboard site and will be marked electronically. You do not need to send in a hard copy but you must save your electronic copy. 4. FINDING INFORMATION FOR THE ASSIGNMENT To find information for the assignment you will need to do some research (apart from reading what August has to say in Chapter 7 in particular, do a few google searches (starting with www.wto.org). But what you should be doing includes considering: • where do Trump and the US Administration seem to be heading, ie, back to protectionism and if so where does that leave the WTO? • what is the role of the WTO and what powers do you think it has? (Read Topic 7) • does the WTO make or influence international business law? • if the WTO makes or influences IBL, how and in what way? • does the direction the US now seems to be going inevitably lead to a head on collision with the WTO and its policies? • Also have a look at You Tube and what both Trump and the US Administration have been saying and what the WTO position is. • Remember that to date Trump has said the current administration may attempt to stop US manufacturers going off-shore and for those that do, imposing penalties on them by way of higher tariffs. There are political and economic ramifications here but are there also legal ones? When you write up the paper remember a lot of the material is 2017. Also remember that what you are doing is looking at the effect or impact of Trump and his Administration will have on the WTO and on IBL, but in a legal context. So you need to refer to areas of international business law that you believe will be impacted on by the direction Trump and http://www.wto.org/ the US is going and where does that leave the WTO and the rest of the world? What impact might that have on treaties and conventions that states have currently agreed to, if any? In this assignment, just note that there is no right or wrong answer. What is important is that you recognise that there appears to be change taking place in international trade, that it can effect the way go about international business and that it will impact on international business law. But explain how you think it will effect IB and why and support your position with facts. And most of all, have fun researching and writing this assignment!
Answered Same DayMay 04, 2021LAW00124Southern Cross University

Answer To: LAW00124 INTERNATIONAL BUSINESS LAW ASSIGNMENT QUESTION AND INSTRUCTIONS Assignment Question: This...

Taruna answered on May 09 2021
145 Votes
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Theoretical Understating of WTO and International Trade Laws: Overview of Trump’s Perception
Introduction
    The expansion of business overseas has helped in shaping positive concepts of international trading in the modern business world. To quote famous Henry Ford, “Coming together is a beginning; keeping together is progress; working together is success” (International Business – Laws and Practices, 20
19). The scenario of trading begins with local markets and goes over the national boundaries when conditions are favorable between nations for trading with each other. The international trading gives diversified view of the market where goods are available for sale of different national backgrounds at one place. It actually gives rise to the rigorous competition between the organizations. However, at the same time, international trading brings in the concept of adhering to the laws and regulations that are applicable to all nations in a holistic manner. The finding of World Trade Organization is one of such moves; the governing body of WTO functions with monitoring power in hand. There are some rules and provisions that apply to all players in international market. (International Business – Laws and Practices, 2019).
    In the light of the above as well as precise overview of the given blog, it can be stated that the concept of international trade will be applicable to the American manufacturing units as well; the drivers and motivational policies of trade, the international business laws, the integration of Trump’s ‘America First’ policy with the rest of the companies in the market will ultimately determine the economic integration of America. A holistic approach and integration of international trading values with it will be useful in increasing the trading scenarios for American companies that are currently going through crisis phase.
The Concept of International Trading and its Association with Domestic Trading
    Before examining how international business laws and WTO are functioning to control and monitor the international trading scene, it is important to review the concept of international and domestic trading at principle level. International trading, as per the definition and common understanding, does not differ much from domestic trading (International Business – Laws and Practices, 2019). Like domestic trading, in international trading too, the motivation and behavior of the parties involved in the process of trade follow the same method and it does not make any difference whether the business is does within or across borders. The only difference that can be measured between the two is that international trading appears to be more costly than the domestic one. It requires expanses over international tariffs; cost handling of the products that are exported, duties imposed by the nations involved in trading as well as time delay based cost management, in case the delivery of the product is late by either of the parties (International Business – Laws and Practices, 2019).
    Additionally, in domestic trading, the factors of labor are mobilized more than international trading needs—though in the era of globalization, this difference is reduced to a large extent because the skilled professionals of one company are made responsible to carry out the jobs in foreign locations now days. However, the labor cost that companies have to bear in the process of making goods and in their sales as well also differs in national and international trading scenes. Moreover, international business laws are more detailed that the domestic trading laws because international trading involves the active engagement of two or more nations.
International Business Laws and the Role of World Trade Organization
     At first, it is significant to note here that the state of domestic trading of American companies at the moment is closely linked with the international trading as well. it is in the rightful approach of American companies to increase their business possibilities at international level—at least, this is what that has been happening since last few decades....
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