GEB 3373 – Homework 2
International Trade Agencies
Some countries believe in a free market for international trade. Others impose trade
barriers to protect their domestic economies. The General Agreement on Tariffs and Trade
(GATT) was created to negotiate these types of differences among nations. This agreement
was originally negotiated in 1947 and started operations in 1948 with about 20 countries.
Today, the membership of GATT involves more than 120 countries. The overall goals of
GATT are to promote international trade through negotiation and to make world trade
secure among nations possible thaw.
Recent GATT negotiations included guidelines for the protection of intellectual property
rights. GATT is continually changing as additional countries join the program and new
trade agreements are negotiated.
The United Nations, and international organization that promotes cooperation among
countries, is actively involved in global business. Economic development of less developed
countries is a major concern of the United Nations. The organization also assist businesses
in obtaining loans, sets safety standards for products sold internationally, regulates
international telecommunications, and promotes cooperation among postal services in
different countries. Economic and political information about the nations of the world can
also be obtained from the United Nations.
The International Court of Justice, established in 1946, settles disputes between nations
when both nations request the service. Decisions are based on written evidence, as no jury
is used. Additional evidence may be requested before a decision is rendered. This court
also advises the United Nations on various aspects of international law.
Complete the activity below, based on what you learned about international business
organizations. Do some Internet research to help you answer these questions.
How do countries benefit by the General Agreement on Tariffs and Trade (GATT)?
Describe a situation that might come before the International Court of Justice.
Go to the website of the United Nations. What information and services are offered
that would be useful to companies involved in international business?
Guidelines:
• Attach one MS Word Document for all responses; do not upload several documents.
Do not copy questions in report to avoid high similarity when submitting via
TURNITIN.COM
• All submissions must be written in students’ own words.
• Any instances of plagiarism will result in:
– First Offense: Zero, with no opportunity to resubmit
– Second Offense: “F” in the course.
– Third Offense (in this or any other course): Expulsion from FNU.
• Every response must be properly cited following APA.
• Grade Distribution:
– Content: 50%
– Grammar: 25%
– Citation: 25%
• As noted by this distribution, citations are worth 25%. Without a proper citation, the
highest grade possible would be a 75% (100 – 25= 75), which is a C, and that‘s assuming
that the content and the grammar were absolutely perfect. Therefore, please do not
disregard the importance of citing your work.
• The only APA rules that must be followed are:
– Title page
– Running Head Header on first page
– Headers on all other subsequent pages
– In-text cites for all material referenced
– Reference list / page
– All other APA rules are to be disregarded
• A list of websites is provided in EXTERNAL LINKS to assist with plagiarism and APA.
• The Writing Lab can provide tutorials, training, support with writing skills and the rules
of citations. The lab is located on the 4th floor of the Hialeah Campus.
• Students bear the responsibility for acquiring college-level writing skills. Seek the help
that you need, and you will succeed.
