World Trade Organization – Explained

by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations

What is the World Trade Organization (WTO)?At the end of WWII, a large block of countries signed a treaty known as the General Agreement on Tariffs and Trade (GATT). The purpose of the treaty was to demonstrate an intent to foster trade among the countries of the...

World Bank – Explained

by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations

What is The World Bank?The World Bank is a financial institution that promotes economic development in developing countries with the purpose of fostering economic strength and reducing poverty through increased foreign investment and international trade. The World...

International Monetary Fund – Explained

by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations

What is the International Monetary Fund (IMF)?The International Monetary Fund (IMF) is similar to an international bank with the underlying purpose of fostering global monetary policy, commerce, and trade. The intended result is to increase employment levels, drive...

United Nations Conference on Trade and Development – Explained

by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations

What is the United Nations Conference on Trade and Development (UNCTD)UNCTD is another UN affiliate organization that addresses matters of international trade reform. More specifically, it seeks to foster international trade globally with the purpose of providing...

North Atlantic Treaty Organization (NATO) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations

What is The North Atlantic Treaty Organization (NATO)?NATO is a military alliance among 28 member countries. Numerous other countries also participate in NATO programs to promote peace and international dialogue. Member nations agree to provide collective support to...

Types of International Agreement Affecting US Trade – Explained

by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations

What major international agreements affect international trade?The United States has entered into two types of treaty with multiple countries regarding the trade and shipment of goods. These treaties allow individuals from the US and the host country to sell and ship...

Methods of Carrying on International Business – Explained

by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations

What are the methods of carrying on international business?US companies intending to carry on international business can do so in the following manners: What is International Sales? A US company can carry out international sales by either selling directly to...

European Union – Explained

by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations

What is the European Union (EU)?The EU is a group of 27 European countries banded together to promote economic and social prosperity among the nations. Most notably, the EU has a pseudo-governmental body made up of representatives of member countries. The EU provides...

Considerations When Starting a Business – Explained

by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation

What should I Consider When Starting a Business?Use this article to understand how to use our resources. It will walk you through the early path of becoming an entrepreneur. It shows you the considerations at each stage of business creation and links to the extensive...

Intellectual Property in a New Business – Explained

by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation

How to Secure Intellectual Property with Employees and Independent Contractors?Startups must generally consider the process for contribution of IP to the startup and the protection of IP created by employees or within the business. Each of these procedural steps are...