Scribd Logo
Upload

Welcome to Scribd!

  • 16 views

    Legal Aspect of Globalization

    Uploaded by

    Adil Shrestha
    Globalization involves the integration of trade, investment, and information flows between countries, which impacts their environments, cultures, economies and societies. Every country has its own legal system that defines allowed business activities through acts, regulations and institutions. When operating globally, businesses must understand and comply with the different legal frameworks in each nation to avoid restrictions, as seen in India's recent banning of certain Chinese apps due to security concerns, negatively impacting Chinese companies. Legal considerations are therefore important for businesses expanding internationally.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Legal Aspect of Globalization

    Uploaded by

    Adil Shrestha
    16 views1 page
    Globalization involves the integration of trade, investment, and information flows between countries, which impacts their environments, cultures, economies and societies. Every country has its own legal system that defines allowed business activities through acts, regulations and institutions. When operating globally, businesses must understand and comply with the different legal frameworks in each nation to avoid restrictions, as seen in India's recent banning of certain Chinese apps due to security concerns, negatively impacting Chinese companies. Legal considerations are therefore important for businesses expanding internationally.

    Original Title

    globalization

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Globalization involves the integration of trade, investment, and information flows between countries, which impacts their environments, cultures, economies and societies. Every country has its own legal system that defines allowed business activities through acts, regulations and institutions. When operating globally, businesses must understand and comply with the different legal frameworks in each nation to avoid restrictions, as seen in India's recent banning of certain Chinese apps due to security concerns, negatively impacting Chinese companies. Legal considerations are therefore important for businesses expanding internationally.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    16 views1 page

    Legal Aspect of Globalization

    Uploaded by

    Adil Shrestha
    Globalization involves the integration of trade, investment, and information flows between countries, which impacts their environments, cultures, economies and societies. Every country has its own legal system that defines allowed business activities through acts, regulations and institutions. When operating globally, businesses must understand and comply with the different legal frameworks in each nation to avoid restrictions, as seen in India's recent banning of certain Chinese apps due to security concerns, negatively impacting Chinese companies. Legal considerations are therefore important for businesses expanding internationally.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

     Legal Aspect Of Globalization

    Globalization is the process by which an activity or undertaking becomes worldwide in scope. It

    is process of interaction and integration among the people, companies, and governments of

    different nations, a process driven by international trade and investment and aided by

    information technology. This process has effects on the environment, on culture, on political

    systems, on economic development and prosperity, and on human physical well-being in

    societies around the world.

    Legal environment refers to all the legal surrounding that affects business activities. It consists

    of acts, rules, regulations, institutions and processes. It defines what business organization can

    and cannot do. It influences business policies and practices. Business organizations must

    comply with legal provision in force.

    Every country has its own set of Rules and regulation and it’s different from other country.

    International business faces many restriction on the inflow and outflow of capital, technology

    and goods. Many government do not allow international business to enter their countries. They

    have many trade blocks, traffic barrier, foreign exchange restriction etc. Therefore every

    business organization need to know the legal framework while going global.

    For instance., Under section 69A of the “information Technology Act” recently India and has

    banned many Chinese apps like Tiktok, UC Browser, Cam Scanner etc. based on information

    that they were engaged in activities “prejudicial to sovereignty and integrity” defense, security

    and public order. Due to this step taken by Indian government, Chinese businesses are facing

    downfall in share market. That’s why every business need to follow the legal framework while

    going global.

    You might also like