International law affects global trade from "summary" of Economic Analysis of Law by Richard A. Posner
International law plays a crucial role in shaping the landscape of global trade. A key aspect of international law is the regulation of trade agreements between countries. These agreements establish the rules and guidelines that govern the flow of goods and services across borders. By setting standards for trade practices and resolving disputes between nations, international law helps to facilitate smoother and more efficient trade relations. Furthermore, international law also governs the protection of intellectual property rights, which is essential for fostering innovation and creativity in the global marketplace. By establishing guidelines for the protection and enforcement of patents, trademarks, and copyrights, international law helps to ensure that inventors and creators are fairly compensated for their work. This, in turn, encourages investment in research and development, leading to the creation ...
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