BUS201 Lecture Notes - Lecture 13: Bloomberg Businessweek, Free Trade Areas In Europe, Foreign Exchange Spot
15 Mar 2020
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Document Summary
6 questions choose 4 to answer. 30 mins per question (2 hours total) Body: 1 main point per paragraph. Some questions will specifically ask for opinions give them. Context of issues covered in the question. 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. Legal system - the rules that regulate behaviour along with the processes by which the laws are enforced and through which redress for grievances is obtained the system in a country is influenced by the prevailing political system. Property rights - the legal rights over the use to which a resource is put and over the use made of any income that may be derived from that resource. High levels of corruption reduce foreign direct investment, the level of international trade, and the economic growth rate in a country.
