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Global Business and Privacy Laws

   

Added on  2020-03-28

6 Pages1360 Words59 Views
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Privacy laws and principles important for doing businessinternationally.Report
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ContentsIntroduction......................................................................................................................................2Identification....................................................................................................................................2Analysis...........................................................................................................................................3Evaluation........................................................................................................................................3Conclusion.......................................................................................................................................4References........................................................................................................................................5
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IntroductionAs per the analysis, the doing of business globally is helpful to work on the different new opportunities for a better growth and profit. The global business is based on the risks and the challenges that are related to employing the people who can work on the business development with including the success internationally (Crane et al., 2016). There are different issues where the people are opposing to the outsourcing, globalisation and the other international business practices. This includes how the company is involve in the human rights abuses in the other countries with the onslaught of the bad publicity and the loss of business.IdentificationThe International Business Transactions include the selling of the products and the services in the foreign markets. The forms are set where there is a need to handle the two ways to sell the products in the foreign markets with the export of the goods which are manufactured domestically or internationally. The manufacturing of the goods is done in the foreign countries that have different advantages like the lower costs, taxes or the other trading barriers. The protection of the personal information is important which is coupled with the internet enabling personal data to be distributed across the globe. The privacy has been a major concern that could be mainly due to the patchwork of the laws and regulations. The applications are set where the U.S. standards are not realistic but disrupt the established markets as well. The effectiveness is based on the development of the company and improve the fitting into the local economy (Weiss, 2014). The Labour and Employment Law needs to be handled with the proper operations. The contracting and the hiring where velocity is considered as the global key, is set with compliance, benefits and the risks mitigation. The international trade compliance, with import, export, sanctions and the corruptions are also important to be handled depending upon the venture. This is set when the US business need to work with the countries and the individual like terrorists. The corporate structure of doing business needs to be evaluated with the handling of contracts for the foreign subsidiary as a service which includes the unique costs, timelines, capital requirements and the other tax issues. The OECD Guidelines on the Protection of Privacy and Trans border Flows of Personal Data is important with respect to the validity that is given to the collection, use and the disclosure of the personal data.
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