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Related Content: CS605 - VU Lectures, Handouts, PPT Slides, Assignments, Quizzes, Papers & Books of Software Engineering II

Environment Assessment

The legacy system also needs to be assessed from an environment’s perspective. This involves looking at the supplier, failure rate, age, performance, support requirements, maintenance cost, and interoperability.

These angles are elaborated in the following paragraph:

Supplier stability: Is the supplier still in existence? Is the supplier financially stable and likely to continue in existence? If the supplier is no longer in business, is the system maintained by someone else?

Read more: CS605 - Software Engineering II - Lecture Handout 39

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THE GENERAL AGREEMENT ON TARIFFS AND TRADE AND THE WTO:

The General Agreement on Tariffs and Trade (GATT) is a multilateral treaty designed to minimize trade barriers. GATT went into effect in 1948. It provided a forum for trade ministers to discuss policies and problems of common concern. GATT’s mission was adopted by the World Trade Organization (WTO), which replaced GATT in 1995.

The Role of the General Agreement on Tariffs and Trade:

• The goal of GATT was to promote a free and competitive trading environment that benefits efficient producers. To that end, GATT sponsored international negotiations, called “rounds,” to reduce trade barriers (both tariff and nontariff). GATT successfully oversaw a reduction of tariffs from an average of over 40% in 1948 to approximately 3% today, and promoted a dramatic increase in world trade.
• To ensure that international trade is conducted on a nondiscriminatory basis, GATT follows the most favored nation (MFN) principle which requires one nation to treat a second nation no worse than it treats any third nation. Any preferential treatment that is extended to one country must be extended to all countries. Thus, the principle implies multilateral rather than bilateral trade negotiations.



Read more: MGT520 - International Business - Lecture Handout 29