Question 1
I do not support the idea. Currency rate is influenced by the market forces of demand for supply ( Stern, 2017). Countries that devalue or revalue their currency may prompt other countries to adopt the same measures. Therefore currency intervention may end up making a country experience a negative disequilibrium in the BoP.
Question 2
It is crucial to renovate United States airport facilities for the country to cater to the needs of growing customer levels. The country’s economy is growing at a faster pace, and it will thus be impossible to improve customer experience and generate more revenue with the available terminally challenged infrastructural facilities ( Gupta & Venkaiah, 2015).
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Question 3
Through their employers, foreign workers seeking to get jobs to have to apply for certification from the Department of Labor. The U.S. Citizen and Immigration Services then issue a visa to the employer after approval has been given (Tsogas, 2015) . Regulation of foreign is vital because it protects them from discrimination in the workplace.
Question 4
The primary role of WIPO is to develop a favorable climate of the International Intellectual Property (IP) system. It achieves its role by providing technical and legal assistance in the IP field. The key issue WIPO deals with is the administering cases of intellectual property rights and facilitate resolutions ( Abbott, Cottier, T., & Gurry, 2019). WIPO is providing insurance to e-commerce businesses to protect their websites.
Question 5
Business people should commence their visa application to ensure that proper procedures are followed. Preferably, they should apply for visas 60-90 days before the day of travel ( Neville & Rigon, 2016) . It is also crucial to maintain clarity of information during the application process by stating the reasons for applying for the Visa. Business people should ensure that the details in their passports match that in their IDs and birth certificates to avoid encumbering delays in the registration procedures and possible rejection of their visas. It is essential for business people to link up with officials at the local embassy of the country they wish to visit. They should feel free to ask any questions and seek clarification on the state of security of the country and measures put in place to ensure their safety in the event of violence or political uprising.
The business people should keep the lines of communication open and have the courage to ask any issue they do not understand. It is also crucial to consult with an immigration attorney to familiarize themselves with immigration laws relating to the country they wish to visit. The business people should dress appropriately when attending visa application interviews. They should arrive at the interview venue while carrying all the documents required.
Question 6
Loyalty questionnaires are usually used to gauge the allegiance of an individual concerning the laws of the state. When a country is at war with an enemy country, it may be pushed to administer loyalty questionnaires to foreigners living or conducting business in her soil. Most a time, such questionnaires are used to establish whether are maintain a neutral stand during a war, supporting the enemy of supporting the host country ( Guido, & Peluso, 2015). By ascertaining the loyalty of the foreigner, the host country will know the exact measures it will take to protects business dealings and individual rights of a loyal international business person . Swift evacuation procedures can be established to take the foreigners to safer zones to ensure their safety, especially during war. In case the foreign business person commits a crime, a host country can use the loyalty questionnaire to establish the necessary legal actions it can adopt as stipulated by international treaties. Loyalty questionnaires are therefore crucial and should be filled by people engaging in business on a global scale. It is through such questionnaires that a formal and long-lasting trustworthy relationship can be established between a foreign country’s citizen and the host country.
References
Abbott, F. M., Cottier, T., & Gurry, F. (2019). International intellectual property in an integrated world economy . Aspen Publishers.
Guido, G., & Peluso, A. M. (2015). Brand anthropomorphism: Conceptualization, measurement, and impact on brand personality and loyalty. Journal of Brand Management , 22 (1), 1-19.
Gupta, R., & Venkaiah, V. (2015). Airport passengers: Their needs and satisfaction. SCMS Journal of Indian Management , 12 (3), 46.
Neville, D., & Rigon, A. (2016). „Towards an EU humanitarian visa scheme?“. Briefing, European Parliament Think Tank , 13 .
Stern, R. (2017). Balance of Payments: Theory and Economic Policy . Routledge.
Tsogas, G. (2015). Labor regulation in a global economy . Routledge.
