Problem: Various kinds of laws are stricter in some countries and laxer in others. What might be a heavily punished crime in one country may be a very lightly punished crime in another one or perhaps not even a crime at all. Doing business in some countries is fraught with legal and political risks. Widespread corruption and even governmental expropriation of assets frequently occur in some countries, while the legal and political situation in other nations is very stable.
How do different legal and political systems affect the conduct of global business? What are some of the legal and political risks associated with doing business globally? Give examples where possible.