Social cultural factors in the IB Essay Example

the U.S., as outlined in Picture 4, to prevent misunderstandings. Furthermore, considering intellectual property is crucial when investing in the U.S.

The U.S. abides by the TRIPS regulations for overseeing and interpreting intellectual property rights, but this implementation is often disputed due to its perceived deviation from established U.S. laws and policies.

The US places great importance on intellectual property rights, as evidenced by the continuous growth of legal instruments regulating them in response to technological advancements. Even though 69.1% of surveyed legal organizations (Haedricke, 2005) held a conventional belief that integrating TRIPS provisions into the US was beneficial, this viewpoint is being challenged.

The legislative framework could contradict article 337 provisions and curtail the rights of foreign importers. However, it is clear that the Section 337 procedure is generally faster and less expensive than other proceedings, despite any faults. This procedure and the corresponding TRIPS enforcement provisions reflect the growing emphasis on trade in international intellectual property law. They also demonstrate that effective enforcement of intellectual property rights can be particularly advantageous in commercial settings, as noted by Haedricke (2005). In conclusion, the US economic environment involves high political risks but also significant economic opportunities.

Investing in hotel construction in the USA carries significant risks due to the stark contrast between the economic philosophies of Pakistan and the US. Nevertheless, given that high risks often yield substantial rewards, the potential benefits of investing in the US are noteworthy.

The potential benefits for foreign investors in the US economy are much greater than the associated risks. Additionally, the US government is actively seeking to attract further foreign investment into the economy, while the hotel industry shows significant growth potential.

Therefore, it is possible to conclude that a Pakistani investor can profitably establish a hotel in the USA, provided effective management takes into account potential economic dangers and challenges facing the hotel industry.

BibliographyBaker, JC 2003, Financing international trade, Praeger. Bernarke, B ; Gertler, M 2001, 'Should central banks respond to movements in asset prices? ', American Economic Review, vol. 91, pp.253-257. Bowen, JT ; Kotler, P 2006, Marketing for hospitality and tourism, Pearson Prentice Hall. Brink, CH 2007, Measuring political risks: Risks to foreign investment, Ashgate Publishing. Cohen, SD 2007, Multinational corporations and foreign direct investment: Avoiding simplicity, embracing complexity, Oxford University Press.

In the Journal of International Business Studies, FJ Contractor (2004) discusses the examination of organizational forms in the international hotel industry and modal choice in a world of alliances. The volume and pages of the article are 29 and 92-98, respectively.