Developments in technology, telecommunications and deregulation which have taken place in the latter part of this century have led to the creation of a global economy. This subject addresses the legal environment of this economy and aspects of its operation. Topics include GATT and the World Trade Organisation; the laws and practices relating to international sales and financing agreements; arrangements for conducting international business, including franchising, licensing, joint ventures and technology transfer; the resolution of international disputes and the protection of intellectual property.