IBM Week 2 and 3

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  • Created by: jmf00632
  • Created on: 17-12-19 20:27
service delivery strategy – location choice
skill - new traditional, wage cost - direct benefits, language - local
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what does a countrys political economy refer to?
political, economic, and legal systems
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what dos the term "political economy" refer to?
A country’s political economy refers to its political, economic, and legal systems
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economics shares political power and political power shares economic power ....
for example, America has a free market economic system which will link to the democratic system which protects companies from intellectual property rights. – how are they going to integrate together in a way to influence the big international activi
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what are these sytems...
interdependant
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for example..
USA - the flexible markets economic system the democratic political system and the strong intellectual property rights in its legal system to support property each other
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Countries political economy - major implications?
A country’s political economy has major implications for the practice of international business
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an example.....
measurements of market openness & Heritage foundation’s index of Economic Freedom)
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A country’s political economy condition can be generalized into the different type of systems
YOU MAY NEED TO LOOK ON SLIDIES TO UNDERSTAND THESE FURTHER AS SHE SAID YOU NEED TO UNDERSTAND HOW ECON,POL AND LEGAL CONNECT
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1.
Political Systems: (1) Democracy (2) Oligarchy (3)Totalitarianism
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2.
Economic Systems (1) Free market (2) Mixed market (3) Command market
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3.
Legal systems of a country (1) Common law (2) Civil law (3)Theocratic law
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Definition of market economy
production is determined by supply and demand and not planned by anyone. Role of government is to encourage free and fair competition between private producers
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Definition of mixed economy
Certain sectors of the economy are left to private ownership and free market mechanisms while other sectors have significant state ownership and government planning (e.g. Question 4)
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definition of command economy
Government plans the goods and services that a country produces, the quantity that is produced, and the prices as which they are sold. All businesses are state-owned, and governments allocate resources for “the good of society”.
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what is a legal system?
The rules, or laws, that regulate behavior
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what are the 3 main types of legal systems?
1. Common law(the U.K.) based on tradition, precedent, and custom 2. Civil law(some European countries & U.S.) based on a very detailed set of laws organized into codes 3. Theocratic law(Saudi) based on religious teachings
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Card 2

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what does a countrys political economy refer to?

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political, economic, and legal systems

Card 3

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what dos the term "political economy" refer to?

Back

Preview of the front of card 3

Card 4

Front

economics shares political power and political power shares economic power ....

Back

Preview of the front of card 4

Card 5

Front

what are these sytems...

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