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International businesses invariably face distinctions between the legal systems they work within. After reviewing some of the distinctions in your text between common and civil law systems, and after conducting additional outside research on the pitfalls faced by international businesses operating in multiple legal environments, write a paper that evaluates the following:

  1. The five key distinctions in contract or business law (other than those listed in Chapter 6): Political and Legal Systems in National Environments, reflecting different methods of practice or enforcement.
  2. The classic theories of international trade. Which theories do you believe are relevant today?
  3. Proactive actions that firms can take to minimize country risk.

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