Problem
I. Explain the importance of Law for the development of business environment in a local and global level.
II. Define primary and secondary sources of Law. Give one example of a secondary source of Law and elaborate about how it can influence a primary source.
III. Explain the Incoterms and give one example of an international agreement, explaining its importance for business.
IV. Elaborate about how organization like UNCITRAL or UNIDROIT can have a positive effect for the International business environment ?