Would it be conceivable for all nations to agree upon and ratify a Essay

Would it be conceivable for all nations to agree upon and ratify a comprehensive code to govern international trade in the not too distant future Examine all a - Essay Example ed from all countries around the world (with no differentiations suggested) is a quite challenging task; each country within the international community has its own priorities and interests and the satisfaction of all these interests around the world is not feasible. As an example, referring especially to the issue of ethics in businesses worldwide, it has been proved that ‘cultural differences often limit the effectiveness of a uniform international code of ethics because they create a lack of consensus within a profession as to what constitutes acceptable behaviour’ (Vanasco, 1994, 12). In other areas also the development of a text that will be accepted by all participants (referring to the trade transactions globally) is not easy to be achieved. However, intensive efforts have been made by states internationally in order to develop a code of international trade that will be acceptable by all countries around the world (no matter their social, political or cultural cha racteristics). The potential feasibility of the above target is examined in this paper referring to similar efforts made between specific states within the international community. Moreover, the terms of success of these efforts are being examined trying to identify the key elements of applicability of the relevant plans either in the short or the long term. The leaders of states have been proved to have a critical role in the success of these projects; however other criteria, like the position of the countries globally (in political and financial terms) as well as its power to support its policies have been found to have a role in the success of these plans internationally. International trade has many different aspects. Its effects on the economy of each country globally can be significant. For this reason, in the literature and the empirical research the potential chances for success of relevant schemes (based on a code applied internationally) have been extensively examined. In order to