Today, no business is purely domestic. Even the smallest local firms are affected by global competition and world events. INTERNATIONAL BUSINESS LAW AND ITS ENVIRONMENT, 10E delivers comprehensive, yet accessible, coverage of the legal implications and ramifications of doing business internationally. Students examine the related cultural, political, economic, and ethical issues today’s global business managers face. With a focus on trade, the licensing of intellectual property, and foreign direct investment, the authors present the three major forms of doing business in a foreign country through real examples, precedent-setting cases, managerial implications, and ethical considerations. From the legal relationship between parties in an international business transaction to managing risk to learning the special challenges of conducting business in emerging economies, this edition helps students understand the most common practices and critical issues in global business law.