GMS 724 Chapter Notes - Chapter 2: Authoritarianism, Political Spectrum, Neoliberalism

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 724
• Professor: Lori Anne Heckbert

Document Summary

Once a company leaves its home country, it operates in markets with different political and legal systems. Requires mncs to study how their political/legal circumstances overlap and differ between countries. Determining where, when, and how to adjust business practices without undermining the basis for success is an enduring challenge. The interplay of political ideologies, conceptions of political freedoms, legacies of legality, presumptions of fairness, and the exercise of power make for many challenging political environments around the world. Executives evaluate, monitor, and forecast political environments: based on their analyses, they forecast business scenarios, always mindful that political stability rewards investment, and political uncertainty penalizes it. Does society fare better when individual rights are subordinated to. Hands off approach: people behave and the market operates according to the, gaps between philosophical ideals and opportunistic behaviours neoliberal principles of market fundamentalism often create an adversarial relationship between governments and business in individualistic societies.