List of Abbreviations

Listof Abbreviations

ASEAN-Association of Southeast Asian Nations

BIMSTEK-Bay of Bengal Initiative for Multi-Sectoral Technical and EconomicCooperation

CJEU-Court of Justice of the European Union

EC-European Council

EU-European Union

SAARC-South Asian Association for Regional Cooperation

SAFTA-South Asian Free Trade Area

Outline

U.S. and Global Administrative Law

Thesis:The administrative entities that govern global business in Europe andAsia have an effect on the theatre of global business in the UnitedStates.

  1. ABSTRACT

Thispaper will discuss and analyze the administrative bodies thatregulate international business in Europe and Asia in addition toshedding light on the rule making power of these foreignadministrative entities and their effects on the global businessscene in the United States.

  1. ADMINISTRATIVE BODIES IN EUROPE

Itis the opinion of McGovern (2014) that there are basically threeglobal administrative entities under the umbrella of the EU: TheEuropean Parliament, the EC, and the CJEU. These Europeanadministrative bodies have an influence on the theatre of globalbusiness in the United States.

  1. ADMINISTRATIVE BODIES IN ASIA

Athukoralaand Yamashita (2012) identify four main Asian administrativeentities: BIMSTEC, SAFTA, ASEAN, and SAARC. All these bodies arepolitical and economic outfits that are tasked with theresponsibility of determining the “tradable” products andservices in their respective markets affecting business in the U.S.

  1. CONCLUSION

Theadministrative entities that govern global business in Europe andAsia have an effect on the theatre of global business in the UnitedStates.

Abstract

McGovern(2014) draws attention to the fact that the United States is one ofthe key administrative bodies in the theatre of global business. Onaccount of the rapid advancement of globalization, the globalbusiness landscape has seen emerging administrative bodies thatregulate global business in the zones they are relevant andapplicable. This paper will discuss and analyze the administrativebodies that regulate international business in Europe and Asia inaddition to shedding light on the rule making power of these foreignadministrative entities and their effects on the global businessscene in the United States.

AdministrativeBodies in Europe

Itis the opinion of McGovern (2014) that there are basically threeglobal administrative entities under the umbrella of the EuropeanUnion: The European Parliament, the EC, and the CJEU. All theseadministrative entities, acting through the EU, create a blend ofdomestic and international laws that affect international trading inthe region. For instance, the CJEU is tasked with the responsibilityof interpreting global administrative laws that govern internationaltrading. The court also ensures that global trading laws are appliedhomogeneously across all member states. Additionally, CJEU alsosolves legal disputes among different European Union administrativeentities.

Onthe same breadth, McGovern (2014) observes that the EuropeanParliament is responsible for the legislation and implementation ofinternational trading laws that are in turn applied by the CJEU. TheEC is filled with member state representatives who negotiate on theinternational trading terms to be applied by the EU. Therefore, therole of all these EU administrative entities is to enact and enforceinternational trading laws in Europe as a trading bloc. These lawsare concerned with the qualities and standards of goods and servicesthat are “tradable” in European markets (McGovern, 2014). Forexample, if the United States were to sign a trading agreement witheither Germany or France on exporting product X to their markets,then the United States would have to conform to the standards set bythe EU concerning product X. As such, these European administrativebodies have an influence on the theatre of global business in theUnited States because they set the laws and policies that the U.S.has to conform to successfully gain access to any market in the EUtrading bloc.

AdministrativeBodies in Asia

Athukoralaand Yamashita (2012) observe that Asia is one of the fastestdeveloping markets worldwide. Therefore, the Asian market has seen amassive increase in the number of administrative bodies that regulateglobal business in the region. On the same plane, these authorsidentify four main Asian administrative entities: BIMSTEC, SAFTA,ASEAN, and SAARC. SAARC is a political and economic organization ofcountries located mostly in South Asia, accounting for a marketcomprised of 1.8 billion people. SAFTA was designed to unify theinternational trading terms of member states. BIMSTEK was alsocreated to amalgamate international trading policies and regulationamong member states. The same narrative applies to ASEAN. Therefore,all these entities are political and economic outfits that are taskedwith the responsibility of determining the “tradable” productsand services in their respective markets (Athukorala &amp Yamashita,2012). If the United States were to sign an international tradingagreement with either China or Japan, then it would have to conformto the standards stipulated by different administrative entitiesconcerning product and service standardization. Per se, the globalbusiness theatre of the United States is influenced by the policies,rules, or regulation specified by all the administrative bodies inthe Asian trading block.

Conclusion

Inas much as the United States is one the key players in the theatre ofglobal business, Europe and Asia are also significant players. Europeand Asia have administrative bodies that regulate local andinternational trading practices in appropriate zones. Theseadministrative bodies enact and enforce laws, regulations, andpolicies that are envisaged to harmonize international trading indifferent regions globally. By conforming to the internationaltrading laws postulated by European and Asian administrativeentities, the global business of the United States is directlyinfluenced by these rule making authorities.

References

Athukorala,P., &amp Yamashita, N. (2012). Business in Asia: A GlobalPerspective. TheNorth American Journal of Economics and Finance,17(4),233-256. doi:10.1016/j.najef.2006.07.002. Web.

McGovern,E. (2014). Internationaltrade regulation.Exeter: Globefield Press. Print.