国际商法英文版课件韩永红 ISBN9787566301918 PPTChapter 1.ppt

Chapter 1 The Legal Environment of International Business Law I.Economic Background for International Business What is international business? International Business — the economic system of exchanging good, services and intellectual property, conducted between individuals and businesses in multiple countries. The principle integral parts of international business — Goods, Services and Intellectual Property A comparison between domestic business and international business. I.Economic Background for International Business Globalization Increasing economically interdependence among countries An economic process and a political event, with significant legal connotations. The influence of globalization on international business law It requires the unification and harmonization of national laws on international Business. II. Theoretical background for International Business Theory of absolute advantage In 18th century by Adam Smith Its core: nations should concentrate their efforts on producing those goods that they can make most efficiently. Surplus of goods is then traded for goods that another nation has produced under the same circumstances. Comparing a state to a household tailor clothes V. shoemaker shoes II. Theoretical background for International Business Theory of comparative advantage In 19th century by David Ricardo a model of two countries and two commodities based on the factor of labor. Its core: a country would export the product in which it had the greater advantage, and import the commodity in which its advantage was less. II. Theoretical background for International Business Theory of factor endowments Hekscher-Ohlin Model: two countries, two products, and two factors of production: capital and labor Its core: Each country will export the product that uses its relatively abundant factor more intensively. shortcomings III.Fundamentals of International Business Law History In the 14-16th century, Lex Mercatoria (cust