Managing in a Global Economy

Managing in a Global Economy Spring 2021

Lesson 3 Next Assignment

The Uniform Global Commercial Code

1

Arguments for and against a uniform commercial code for global transactions

• We have looked at globalization • We have seen the role of trade in globalization • We have seen the increased importance of

extended supply chains

• Trade is the key to globalization !

2

Shall we use the US example ?

• Uniform Commercial Code regulates trade within the USA • Uniform Commercial Code possible for all countries ? • Uniform Commercial Code advisable ? • What difficulties do you see in this ? • What role shall differences in: • Legal systems • Customs • Level of economic development • Have in this regard ? • What would be the advantages ?

3