by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the International Court of Justice?The International Court of Justice (ICJ) is the judicial arm of the United Nations (UN). The ICJ acts as an unbiased umpire in the settling legal disputes between member states. It also serves an advisory role to specialized...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the Lome Convention?This was an agreement by the European Community to provide aid and extend trade and tariff preferences to 62 African, Caribbean and Pacific (ACP) states.First held in 1975 at the capital of Togo, Lome, it was an agreement to increase...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is International Product Cycle?The international product cycle concerns the stages of product development in the international market. It is best explained by the Product Life Cycle theory, developed by researcher Raymond Vernon. According to Vernon, products go...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the Lisbon Agreement?The Lisbon Agreement for the Protection of Appellations of Origin and their International Registration (Lisbon Agreement) is an international agreement concerning the recognition of intellectual property rights. It is administered by the...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is Interpol?Interpol stands for International Police Organization. The commission facilitates various forms of international police cooperation. It was referred to as the International Criminal Police Commission until 1956 when it changed its name to...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the General Agreement On Tariffs And Trade (GATT)?The General Agreement on Tariffs and Trade (GATT) is a multilateral trade agreement signed by 23 countries for promoting international free trade. The Council for Trade in Goods (Goods Council), a sub-group in...
