BUS201 Lecture Notes - Lecture 4: Bloomberg Businessweek, Collectivism, Benefit Society
15 Mar 2020
School
Department
Course
Professor
Document Summary
China and intellectual property rights; a challenge to the rule of law. Managing valuable knowledge in weak ip protection countries. Explain how political systems, government and regulations affect national economies and international business opportunities. Formulate strategies for managing a firm"s exposure to political risk. High rate of piracy in software, music, dvds, and other goods. Anti-piracy laws and law enforcement are weak. Smes may spend 20% of their net income on bribes. There is substantial organised crime and killings. Conditions in russia are typical of many emerging markets and developing economies. Political economy of a nation - how the political, economic, and legal systems of a country are interdependent they interact and influence each other they affect the level of economic well-being in the nation. Political system - the system of government in a nation. Assessed according to; the degree to which the country emphasizes collectivism as opposed to individualism. The degree to which the country is democratic or totalitarian.
