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Introduction this chapter explores how the political, economic, and legal systems of countries differ
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tarix | 09.08.2018 | ölçüsü | 244,5 Kb. | | #62088 |
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INTRODUCTION Together these systems are known as the political economy of a country.
POLITICAL SYSTEMS POLITICAL SYSTEMS A political system is the system of government in a nation Political systems can be assessed according to: the degree to which they emphasize collectivism as opposed to individualism
Collectivism and Individualism Democracy and Totalitarianism
ECONOMIC SYSTEMS A free market system is likely in countries where individual goals are given primacy over collective goals State-owned enterprises and restricted markets are common in countries where collective goals are dominant
Command Economy Mixed Economy
LEGAL SYSTEMS The legal system of a country is the rules, or laws, that regulate behavior, along with the processes by which the laws of a country are enforced and through which redress for grievances is obtained.
Differences in Contract Law Property Rights and Corruption The Protection of Intellectual Property Product Safety and Product Liability
Differing political, economic, and legal systems can have a profound impact on the level of a country's economic development, and hence on the attractiveness of a country as a possible market and/or production location for a firm.
Differences in Economic Development Broader Conceptions of Development: Amartya Sen Political Economy and Economic Progress Geography, Education, and Economic Development
STATES IN TRANSITION Since the late 1980s, a wave of democratic revolutions has swept the world, and many of the previous totalitarian regimes collapsed There has been a move away from centrally planned and mixed economies towards free markets
STATES IN TRANSITION STATES IN TRANSITION The New World Order and Global Terrorism The Spread of Market-Based Systems The Nature of Economic Transformation Deregulation Privatization Legal Systems Implications of Changing Political Economy
Political, economic, and legal systems of a country raise important ethical issues that have implications for the practice of international business The political, economic, and legal environment of a country clearly influences the attractiveness of that country as a market and/or investment site
Benefits Costs Risks Overall Attractiveness
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