morganleighlani morganleighlani

13-05-2024
Social Studies

Answered

How has the increasingly global economy impacted the laws concerning international trade, business
practices, and banking?
O It has made them the responsibility of the International Criminal Court.
O It has universally strengthened the penalties for breaking the laws.
O It has forced nations and industries to create and standardize more laws.
O It has weakened the laws to encourage more economic globalization.

Answer :

GinnyAnswer GinnyAnswer

13-05-2024

Final answer:

Globalization has led to the creation and standardization of more laws in international trade, business practices, and banking.

Explanation:

Globalization has significantly impacted the laws concerning international trade, business practices, and banking. It has forced nations and industries to create and standardize more laws to address the complexities brought about by the interconnected global economy. The increased interaction between parties in different countries has necessitated a clearer definition of what constitutes unethical behavior and illegal activities.

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