What is the role of international norms and standards in global business?

International norms and standards play an important role in global business, especially in Washington. They provide a common set of rules and expectations that can help ensure fair practices and create an environment where businesses can operate more efficiently. International norms and standards come in the form of treaties, laws and regulations. These standards can be used to ensure that countries and companies follow the same rules when conducting international business. This helps to prevent companies from exploiting weaker countries or using unfair practices or techniques. International norms and standards also help to set a minimum baseline of standards that ensure that everyone is treated fairly and that businesses abide by the same rules. This can help to prevent protectionism and the use of unfair trade practices, which can have serious economic effects. International norms and standards can also help to protect human rights, the environment, and international workers. They can also help to ensure that businesses and countries adhere to the same ethics and standards of conduct when conducting business across borders. Overall, international norms and standards are key to helping businesses operate smoothly and efficiently, while also ensuring that human rights, the environment, and international workers are all respected. In Washington, international norms and standards play an important role in helping to ensure a fairer global business environment.

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What is the role of international norms and standards in global business?

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