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Objectives: The main aim of this framework is to analyse the evolution of theories in the international business law and its implementation in worldwide for past decades. In this paper, an extensive review is done in order to bring the previous works which has been done in the international business law in terms of the application in business perspective. Method/Statistical Analysis: Various theories which are used earlier where analysed in detail. From the review, its noted that, over the past years, in the international business law has subjected to various improvements with new methodologies and models in based on the equalization of price, absolute and comparative type of advantages, model based on gravity etc. where analysed in detail. Findings: Various factors for improving the theories present in the field of international business law are discussed. This study incorporates the financial sections of the international business law with its impact on economic crisis. Application/Improvements: Future research can be an analysis of more factors which influence the business law in detail.

Novel Framework for Analysing the International Business Law: A Theory of Business Perspective