International Law & Business Practice
Globalization refers to increasing global connectivity, integration and interdependence in the economic, social, technological, cultural, political, and ecological spheres. The rise of technology has allowed our environment to be characterized as a global one. “The global economy" gave business the ability to market products and services all over the globe. It has also allowed them to develop partnerships and alliances throughout the world, which has become essential for success in today’s business.” Prior to Globalization, the United States dominated the global economy. In recent years, however, the U.S. share of the global economy has shrunk to approximately 25%. This trend is expected to continue as the economies of many newly industrialized countries continue to grow at a faster rate.
In economic terms, globalization is the convergence of prices, products, wages, rates of interest and profits towards developed country norms. Globalization of the economy depends on the role of human migration, international trade, movement of capital, and integration of financial markets.with the ever increasing global economy and widespread use of the internet, people and businesses are realizing that they are often competing with people around the world for contracts and business deals.
How We Serve Our Clients
With more businesses entering world markets in this new global economy, their transactions are impacted by the cultural and business norms, as well as the regulatory laws of multiple countries. To meet our clients' needs in this global enconomy, we offer a wide range of services to those engaged in international business, including advice regarding licensing arrangements, Foreign Corrupt Practices Act issues, offshore manufacturing issues, international joint ventures, and other international business opportunities. We will also assist in negotiating and structuring multinational relationships. We can advise you regarding various means of structuring these relationship, including franchises, joint ventures, U.S. limited liability companies and corporations, branches, foreign companies, agency and distributor relationships. We involve foreign legal counsel and tax consultants to the extent necessary to ensure that our clients' rights and interests are protected abroad.