International Law and the Global Economy

The video tutorial explores the role of international law in the global economy, distinguishing between public and private international law. It explains how international law facilitates global trade by providing a framework for agreements, governance, and dispute resolution. The tutorial highlights the importance of international relations, governance, and formalization in trade, emphasizing the need for ethical standards and legal frameworks to ensure smooth transactions between nations and individuals.

What is the difference between public international law and private international law?

How does international law affect the global economy?

What role does international law play in facilitating trade between nations?

Explain the concept of governance in the context of international law and the global economy.

How does the concept of formalization apply to international agreements?

What are the standards and ethics expected of individuals in international trade?

Discuss the importance of a legal framework in the global economy.