International Business LawCraig RichardsonDevry UniversityBusn 115George Kaye23-03-14International Business LawThe United States government has many laws intended to keep businesses fair, balanced, and competitive. The laws created allow companies to expand internationally and keep the product competitive in a global market. According to Bovee, Thill, Courtland L., John V. Business in Action, “For as long as the United States has existed, people have argued about how free the free market should be. Taken more broadly, this argument arises from deep philosophical differences about the role government should play in society as a whole. More narrowly, even professional economists don't always agree on what role government should play in the economy. Much of the debate over the role of government can be framed as a question of regulation versus deregulation: having more rules in place to govern economic activity. or have fewer rules in place and rely more on the market to prevent excesses and correct themselves over time. In general, advocates for greater regulation say that companies cannot always be counted on to act in ways that protect stakeholder interests, and that the market cannot be relied upon as a mechanism to prevent or punish abuses and failures. Deregulation advocates argue that government interference can stifle innovations that ultimately help everyone by boosting the entire economy, and that some regulations burden individual companies and industries… middle of paper… government officials. business law has many levels of business and laws. There are bilateral trade agreements, regional trade agreements and multinational trade agreements. All these trade agreements have their own history and policies to follow. Additionally, other countries have their own laws and policies to follow. The United States has its own trade laws to follow. I believe that trade laws actually keep trade practices fair, balanced and competitive. Each law is designed to keep domestic and international businesses thriving in an ever-changing marketplace. References1. http://library.law.columbia.edu/guides/International_Trade_LawReference Written by Karin Johnsrud, edited by Silke Sahl2. Bovee, Thill, Courtland L., John V. Business in Action. 6th edition. Pearson Learning Solutions, 2012. VitalBook File. Bookshelf.