International Law as a Means of Globalization, Business Internationalization and Global Economy: A Mechanism with Proclivities

Abstract

This paper analyzes, describes and presents the relationship and effects between globalization and the international law. Historically, between globalization and international law, there is a dialectical relationship, both have been intertwined for more than the end of the twentieth century and the last phase of globalization. Globalization has come up with major changes at the international level and distribution of power between different actors of the international society. It has impacted and shaped the World Wide system of law with implicit ambitions. The research questions are: “Are there any interconnection between international law, globalization and internationalization? How does international law affect global economy?” The used methodology of research focused on a literature review, the United Nations charter of international law and qualitative descriptive analysis. The results show that doing business with individuals from other nations focuses on the activities of individuals that are governed with the context of global economy starting from the applicable rules to industries in the home country or nation. International law provides a background, assurance, confidence and a means or mechanism by which individuals can trade or do business with regard to goods and services, to start with the utility of law is based upon first international relations, and the way countries relate to each other, particularly with regard to trade of goods and services between those nations. Doing business with individuals from other nations focuses on the activities of individuals that are governed with the context of global economy starting from the applicable rules to industries in the home country or nation. In Conclusion, international law has got a high contribution to the insights of global economy, globalization and internationalization processes especially for companies. There is a huge interconnection between Globalization, Internationalization that is important for global economy and international law.