Abstract
Objectives: The main aim of this framework is to analyse the evolution of theories in the international business law and its implementation in worldwide for past decades. In this paper, an extensive review is done in order to bring the previous works which has been done in the international business law in terms of the application in business perspective. Method/Statistical Analysis: Various theories which are used earlier where analysed in detail. From the review, its noted that, over the past years, in the international business law has subjected to various improvements with new methodologies and models in based on the equalization of price, absolute and comparative type of advantages, model based on gravity etc. where analysed in detail. Findings: Various factors for improving the theories present in the field of international business law are discussed. This study incorporates the financial sections of the international business law with its impact on economic crisis. Application/Improvements: Future research can be an analysis of more factors which influence the business law in detail. Keywords: Company, Customers, Factors of Business, Income, International Business Law, PESTEL Analysis
Highlights
A business is considered as a process of performing any tasks with the motivation profit
Vol 12 (21) | June 2019 | www.indjst.org the concept of globalisation improved, the reduction of socio-culture factor is carried out which leads to a drastic change in the views of customers, their living style and the performance may be awful for a company doing multinational business[10,11]
The theories of international trade and international business law is analysed as a framework
Summary
A business is considered as a process of performing any tasks with the motivation profit. Any firm which has plans to go for international investment for production or marketing studies the various factors which influence the business in nationally and internationally. This analysis comprises of responsible conclusions established from the available resources. These analysis forecast mainly on the upcoming chances of the business. These factors are considered as important nowadays as a base for the upcoming business[1,2,3,4,5].
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