Documentos de Académico
Documentos de Profesional
Documentos de Cultura
Legal, and
Regulatory
Environments of
Global Marketing
Global Marketing
Chapter 5
1
Introduction
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The Political Environment
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Political Risk
Risk of change in
political environment or
government policy that
would adversely affect a
companys ability to
operate effectively and
profitably
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Political Risk
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Seizure of Assets
Expropriationgovernmental action to
dispossess a foreign company or
investor
Compensation should be provided in
a prompt, effective, and adequate
manner
Confiscation occurs when no
compensation is provided
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Seizure of Assets
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Seizure of Assets
Creeping expropriationlimits economic
activities of foreign firms
May include:
Limits on repatriation of profits, dividends, or royalties
Technical assistance fees
Increased local content laws
Quotas for hiring local nationals
Price controls
Discriminatory tariff and nontariff barriers
Discriminatory laws on patents and trademarks
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International Law
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Common Law vs. Civil Law
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Islamic Law
Legal system in many Middle Eastern
countries
Shariaa comprehensive code governing
Muslim conduct in all areas of life, including
business
KoranHoly Book; like code law
Hadithlike common law
Based on life, sayings, and practices of
Muhammad
Identifies forbidden practices haram
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Sidestepping Legal Issues
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Jurisdiction
Counterfeitingunauthorized copying
and production of a product
Associative Counterfeit/Imitation
product name differs slightly from a
well-known brand
Piracyunauthorized publication or
reproduction of copyrighted work
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Intellectual Property
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Protecting Intellectual
Property
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Protecting Intellectual
Property
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Protecting Intellectual
Property
International Convention for the Protection of
Industrial Property
Paris Convention
Honored by 100 countries
Facilitates multi-country patent registration,
ensures that once a company files, it has a right
of priority in other countries for one year from
that date
Patent Cooperation Treaty
European Patent Convention
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U.S. Companies Receiving the
Most Patents, 2005
Company__________ ______ _ _# of Patents
1. IBM 2,941
2. Hitachi 1,918
3. Canon Kabushiki Kaisha 1,875
4. Matsushita Electric Industrial 1,813
5. Hewlett-Packard 1,808
6. Samsung Electronics 1,641
7. Micron Technology 1,561
8. Intel 1,549
9. Siemens 1,345
10. Toshiba 1,338 5-23
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Antitrust
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Licensing and Trade Secrets
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2008 Corruption Rankings
Litigation
Formal arbitration
Settles disputes outside of court
Groups agree to abide by panels decision
1958 United Nations Convention on the
Recognition and Enforcement of Foreign
Arbitral Awards (New York Convention)
Most important treaty regarding international
arbitration signed by 107 countries
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The Regulatory Environment
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Looking Ahead to Chapter 6
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All rights reserved. No part of this publication may be reproduced, stored in a
retrieval system, or transmitted, in any form or by any means, electronic,
mechanical, photocopying, recording, or otherwise, without the prior written
permission of the publisher. Printed in the United States of America.
Copyright 2011 Pearson Education, Inc.
Publishing as Prentice Hall
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2011 Pearson Education, Inc. publishing as Prentice Hall