MGCR 382 Chapter Notes - Chapter 3: Bilateral Investment Treaty, Comity, Napoleonic Code

• School: McGill University
• Department: Management Core
• Course: MGCR 382
• Professor: Nicholas Matziorinis

Document Summary

Mgcr382 chapter 3 notes: legal, technological, accounting, and political environments. Determine the markets firms may serve, the prices they can charge for their goods, and the cost of necessary inputs such as labour, raw materials, and technology also affect the location of economic activity. In the u. s. , in times of economic distress firms can lay off workers with minimal notice and severance pay. In belgium, firms wishing to trim their white-collar workforces must provide each worker with three months" notice, three months" severance pay, or some combination of two for every five years the employee has worked for the firm. In the u. s. , easy availability of lawyers and nondiscriminatory access to its legal system are helpful to international businesses wishing to settle disputes with suppliers and customers. South korea suffers from a shortage of lawyers because of its tough bar exam. Thus many international businesses are forced to resolve disputes privately rather than utilize south korea"s courts.