What legal considerations exist with respect to trade
regulations, international contract formation, employment and human
rights issues,...
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Advance Math
What legal considerations exist with respect to traderegulations, international contract formation, employment and humanrights issues, and prohibited activities in the internationalenvironment? Give at least three specific examples.
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Here In the context of global legal environment some of the legal considerations regarding international trade mainly center on the economic welfare of the various individual entities involved in international trade of various goods and serviceswe can say as some examples consumers and producersmanufacturers of various goods and services in different countries legal restrictions on international export by any country might adversely impact the export revenue of the domestic export based companies or organizational entities in that particular country thereby reducing the overall economic welfare of the domestic exporters but the same trade limitations can now economically benefit the domestic producers or sellers in the importing countries due to relatively less competition in the global market Alternatively any legal restrictions on import of goods and services by any country would consequently benefit the local producers or companies again due to comparatively less competition or rivalry in the international market thereby raising their overall economic welfare but on the other hand it
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