Phase 4 Discussion Board

[Writer's Name]

[Institute's Name]OUTLINE

Introduction

Public/Private Law And Legal Environment Of Business

Compare The American Legal System To The International Legal Environment Of Business

Recognize The Principal Legal And Ethical Issues Facing Managers

The Importance Of Ethics Social Responsibility In The Business World

Apply Ethical Frameworks To Business Situations

Underdeveloped Countries

Phase 4 Discussion Board

Introduction

Given the modern facet of the business world, numerous companies are taking a detour towards the developing and other far reached countries. However, execution and management of international business is easier said than done. There are several apparent and underlying connotations that a business (which wishes to expand itself to international borders) has to recognize and respond to, in order to furnish better and lucrative operations; and amongst those connotations is the legal, political and ethical business environment of the respective country.

Public/Private Law And Legal Environment Of Business

Assuming the fact that our company, which is based in America, wishes to expand its operations in one of the developing countries, where the demand of our product exists, and so does the infrastructure, to make it happen. However, before expanding the operations and services to Pakistan, it is highly imperative that the managers, who are being appointed to flourish the operations in that region, fully comprehend the public and private law, as well as the legal environment of that region. With respect to the public and private law, as well as the legal system, it must be understood that Pakistan welcomes international investments with open arms, provided these international businesses comply with the tax structure laid out by the administration. Although there are fewer laws, regarding the corporate sector (tax related), but with stringent administration. Moreover, there are specific anti monopoly laws, where fixation of prices is strictly dealt with. Moreover, recent endeavors are being rendered by the Pakistan's administration regarding the facets of trademarks and patents.

Compare The American Legal System To The International Legal Environment Of Business

Where the legal system of America eloquently articulate the provision of liberty, authority, privacy and equality, coupled with stringent laws that play a pivotal role in maintaining the law and order of the country, in every possible domain; the legal system of Pakistan, being a Muslim country, places utmost significance to the aspect of Islam, which also contributes to a significant level in its constitution. Therefore, most of the laws that are implied in Pakistan are in conformity with Islam, unlike America, ...