The detail of the statement is illustrated in the latter part of the paper with adequate supporting evidence. Introduction to International relationships: Rules and regulations play an evident role in the development of a society. A productive output of a society witnesses successful adheres of rules and regulations. Thus, the system provides the base of an efficient society complementing productivity in a peaceful environment by following legislations commercially and individually. The development of society is closely interlinked with the development of the business of an economy. The interrelation between the two in a microenvironment (Social, economic, political, technological) is that of a stakeholder. Business is the keystone that supplements the development of a society and spares funds for necessary resources to permit the development and welfare of society. Hitherto, control of power through legislation enhances the capacity of conjunctional development for uniform advancement. The point of view is attempted to be illustrated with the help of diagram illustrated below. Two way shared an understanding of Legislation The reputation, innovation, competitiveness and growth of society and business are interdependent upon corporative adherence to legislation by the two. Imbalance of each unit can cast a massive negative impact on the maturity of the microenvironment. The contemporary era is a period of rapid international growth supporting the features of globalization resulting in a constant evolution of traditional concepts. Journalist Thomas L. Friedman, in The Lexus and the Olive Tree defines “globalization’ as (FRIEDMAN, Thomas L., 2000): …the inexorable integration of markets, nation-states and technologies to a degree never witnessed before—in a way that is enabling individuals, corporations and nation-states to reach around the world farther, faster, deeper and cheaper than ever before, and in a way that is enabling the world to reach into individuals, corporations, and nation-states farther, faster, deeper, and cheaper than ever before. The origin of the study of International relations aroused from the effects of the globalization such as pluralism and regional integration. Pluralism is the political philosophy which acknowledges diversity and supports methodological metropolitans. A society can be regarded as pluralistic on the basis of the fact multicultural aspect of the country because of the residents of different tastes, values, and beliefs. (HUI, John, 2011). The thought behind the formulation of the study of International Relations was to determine social constructivism based on human awareness rather than materialism. (JACKSON, Robert H., S?rensen, Georg, 2007). Hitherto, the theories of International Relations can be categorized into Realism, Idealism, and Constructivism. The idea that resolves the scope of the three fields is the projection of the ground concept of power and its execution in the social world. Realism. The school of scholars that support realism theory previews International relations as anarchical, which studies and propose a model for the distribution of power among states. (GRIFFITHS, Martin, 1999) Idealism: The theory of idealism emphasizes law and a law regulatory body that advocates the interdependency of the entities of common interest and values and derives focus on common interests. Constructivism: This theory states that every country has its dissimilar state based on political culture, policies, and history.
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