商务英语国际商务期末复习资料

简答

1. The Globalization of Production

The globalization of production refers to the tendency among firms to source goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors of production (such as labor, energy, land, and capital).

By doing so, companies hope to thereby allowing them to compete more effectively.

2. The differences between common law and civil law?

Common law is based on tradition, precedent, and custom.

(1)

(2) Judges in a common law system have the power to interpret the law so that it applies to the unique circumstances of an inpidual case.

(3) Each new interpretation sets a precedent that may be followed in future cases.

(4) As new precedents arise, laws may be altered, clarified, or amended to deal with new situations.

Civil Law is based on a detailed set of laws organized into codes.

(1) When law courts interpret civil law, they regard to these codes. EX. Germany, France, Japan, and Russia

(2) A civil law system tends to be less adversarial than a common law

system

(3) The judges rely upon detailed legal codes rather than interpreting tradition, precedent, and custom. Judges under a civil law system have the power only to apply the law.

3. How corruption effect economy?

(1) High levels of corruption significantly reduce the FDI, level of international trade, and economic growth rate in a country.

(2) By siphoning off profits, corrupt politicians and bureaucrats reduce the returns to business investment and, hence, reduce the incentive of both domestic and foreign businesses to invest in that country.

(3) The lower level of investment that results hurts economic growth.

4. Why we need to protect intellectual property?

The philosophy behind intellectual property laws is to reward the originator of a new invention, book, musical record, clothes design, restaurant chain, and the like, for his or her idea and effort. Such laws stimulate innovation and creative work. They provide an incentive for people to search for novel ways of doing things, and they reward creativity.