What are the possible legal implications of nationalisation ( Essay

What are the possible legal implications of nationalisation ( expropration) regarding foreign oned properties in International Law - Essay Example A discussion of the legal implications of nationalisation or expropriation of the property of foreign investors has been presented in this write up and this should be of interest to all those with an interest in international law and business. I hereby certify that, except where cited in the text, this work is the result of the research carried out by the author of this study. The main content of the study which has been presented contains work that has not previously been reported anywhere. This write-up is submitted in fulfilment for the requirements related to an essay on The Legal Implications of Nationalisation, or Expropriation, regarding Foreign Owned Properties in International Law. National governments, especially governments in the developing world, have been known to have tried to recover control of their own economy and to attempt to do that which will appear to be for their benefit by trying to nationalise, take or expropriate foreign owned business and property. 1 The expansion of Western economies since the nineteenth century has resulted in outflow of capital for investment into the developing world. However, with the formation of national governments after the granting of independence to the former colonies, the foreign business ownership arrangements came under pressure, with the nationalisation measures that had been taken by the former Soviet Union serving as an example for the newly independent states. 2 It has to be appreciated that although certain countries may feel that nationalisation or expropriation may serve in their best interest, the taking of foreign owned property by a host country poses a very significant risk to continued foreign inve stment. Not only is nationalisation, or the taking of private assets by public authorities, a deterrent to continued foreign investment, but it also raises significant issues in international law as

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Assignment - Essay Example The company’s management is not market oriented and lagging behind market changes is dangerous for any particular company. The paper attempts to look at basic management concepts and their effective application in the daily running of a company. The basic definition of management is getting work done by others. Comprehensively management can be described as a set of functions that are directed at the efficient and effective utilization of resources for the achievement of set organizational goals. The difference thus arises in the management of the Royal Store that violates the definition of management, as its management does not adhere to any set functions. Effectiveness in the running of a business organization refers to the making of right decisions and successfully implementing them. It also means the accomplishing of tasks that are helpful in achieving organizational objectives. On the other hand, efficiency in a business entity refers to getting work done with the use of minimum effort, expense, or waste. Efficiency entails the use of resources available to an organization in the most cost-effective way. Effectiveness and efficiency in any business organization contribute to productivity.... The difference thus arises in the management of the Royal Store that violates the definition of management, as its management does not adhere to any set functions. a) Relationship Between Effectiveness, Efficiency, and Productivity Effectiveness in the running of a business organization refers to the making of right decisions and successfully implementing them. It also means the accomplishing of tasks that are helpful in achieving organizational objectives. On the other hand, efficiency in a business entity refers to getting work done with the use of minimum effort, expense, or waste. Efficiency entails the use of resources available to an organization in the most cost-effective way. Effectiveness and efficiency in any business organization contribute to productivity. This forms one of the major arguments of Taylor on the issue of productivity. Productivity entails the performing of assigned duties in the manner that is required. In any company, the measurement of productivity is imp ortant in relation to the resources employed, which include labor, time, and monetary resources against the total output. Effectiveness and efficiency establish a base in measuring productivity in any organization. The Royal Store in its business activities exhibited lack of efficiency and effectiveness in its management leading to the productivity falling below the owner’s expectations. The company in its efforts to boost productivity should employ several of Fayol’s principles on successful management. The first principle they can inculcate is the unity of command. The principle means that any organization no matter how large it is should