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International Business: The New Realities, 5th Edition
book

International Business: The New Realities, 5th Edition

by S. Tamer Cavusgil, Gary Knight, John R. Riesenberger
January 2019
Intermediate to advanced content levelIntermediate to advanced
576 pages
33h 19m
English
Pearson
Content preview from International Business: The New Realities, 5th Edition

Types of Country Risk Produced by Legal Systems

  1. 6.6 Identify the types of country risk produced by legal systems.

In addition to political concerns, country risk also arises due to peculiarities of national legal systems. Especially relevant to international business are commercial law, which specifically covers business transactions, and private law, which regulates relationships between persons and organizations, including contracts and liabilities that may arise due to negligent behavior. In many countries, the legal system favors home-country nationals. Laws are designed to promote the interests of local businesses and the local economy.

Legal systems in both the host country and the home country pose various challenges to firms, which ...

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Publisher Resources

ISBN: 9780136763017