International Business LawCraig RichardsonDevry UniversityBusn 115George Kaye03-23-14International Business LawThe United States government has many laws intended to keep businesses fair, balanced, and competitive. The laws created allow businesses to expand internationally and maintain the competitiveness of their products in a global market. According to Bovee, Thill, Courtland L., John V. Business in Action, “For as long as the United States has existed, people have argued about free markets. From a broader perspective, this argument arises from deep philosophical differences over the role government should play in society as a whole. More to the point, even professional economists don't always agree on the role government should play in the economy. Much of the debate over the role of government can be framed as a question of regulation or deregulation: putting more rules in place to govern economic activity. or have fewer rules in place and rely more on the market to prevent excesses and correct over time. Generally speaking, proponents of increased regulation argue that businesses cannot always be relied upon to act in ways that protect the interests of stakeholders and that the market cannot be relied upon as a mechanism to prevent or punish abuses and failures. Proponents of deregulation argue that government interference can stifle innovations that ultimately help everyone by boosting the economy as a whole, and that some regulations burden individual businesses and industries. commercial law has many layers of commerce and laws. There are bilateral trade agreements, regional trade agreements and multinational trade agreements. All these trade agreements have their history and their policies. Additionally, other countries have their own laws and policies. The United States has its own trade laws. I believe that trade laws actually keep business practices fair, balanced and competitive. Each law is designed to enable domestic and international businesses to thrive in an ever-changing marketplace.References1. http://library.law.columbia.edu/guides/International_Trade_LawReference Written by Karin Johnsrud, edited by Silke Sahl2. Bovee, Thill, Courtland L., John V. Business in Action. 6th edition. Pearson Learning Solutions, 2012. VitalBook file. Library.