There has been a movement in the last decade encouraging people to “buy American.”
Write a 1-2 page reflective paper (double spaced) on the following questions while discussing the connections between business, law, politics and ethics. One: There has been a movement in the last decade encouraging people to “buy American.” Discuss the legal and ethical issues related to boycotting goods from other countries. What are the practical business implications of such a move?
Two: The World Trade Organization, or WTO, is the largest and most influential of the trade organizations. China and other heavy counterfeiting nations are part of this group. What could WTO-participating nations do to address the problems of counterfeiting? What should they do?
Three: The United Nations Security Council, the main decision-making body at the UN, is comprised of five regular members: China, France, the Russian Federation, the United Kingdom and the United States. Ten more members are elected from the General Assembly. Given the make-up of the committee, what type of action might the UN take with regard to the counterfeiting issue?
Case Study: International and World Trade Law – Counterfeiting
The ‘buy American’ movement encourages the boycotting of goods from other countries and thus greatly discourages international trade. From an ethical perspective, this is not a good business practice as it encourages discrimination in trade. As a member of the WTO, America should be on the fore front in encouraging international trade. The ‘buy American’ movement hurts the local businesses which rely on selling imported products……