QUESTION THREE

$[20]$

$3\mathrm{.}1$

Explain what is meant by the global legal$-$political environment of business.

$(5)$

$3\mathrm{.}2$

One area where companies feel the legal and political effects in the global environment

is in the terms of access. The phrase "terms of access" refers to all the conditions that

apply to the importation of goods from a foreign country.

With regard to this, discuss the legal instruments that are used to create these conditions

as barriers to trade between countries.