COMMERCE 2MA3 Lecture Notes - Lecture 2: Multinational Corporation, North American Free Trade Agreement, Kyoto Protocol
14 Nov 2018
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Document Summary
Globalization: the trend toward an international free trade market in goods and services with minimal interference by national governments. European union: the economic and political organization of 15 european nations into a common market. Transnational corporation: a company that conducts its business in more than one country; also known as a multinational corporation. Purposes of international law: originally to deal with wwii, examples of areas today, terrorism, extradition, space exploration, seas and oceans. Origins of international law: treaty of westphalia 1648, end of wwii, fall of soviet union 1989-91, after 9/11. Is international law really law: governments adopt il domestically. )nt"l treaties and conventions: no world police but embargoes, peacekeeping, freezing of assets. Extradition: the act of returning a person to a jurisdiction in which he or she is charged with a crime for trial in that jurisdiction, done by treaty.
