Global Perspectives for International Business
Question 1:
Class,
The political, economic, and legal infrastructure of a nation has a major influence on the way managers make decisions. Political systems have two dimensions: the degree of collectivism versus individualism, and the degree of democracy versus totalitarianism. These dimensions are interrelated; systems that emphasize collectivism tend towards totalitarianism, while systems that place a high value on individualism tend to be democratic. However, a large gray area exists in the middle. It is possible to have democratic societies that emphasize a mix of collectivism and individualism. Similarly, it is possible to have totalitarian societies that are not collectivist. Does international trade with a totalitarian regime tend to make that regime more susceptible to democratic influences? Discuss with your classmates (one full paragraph)/Research (one full paragraph)/Source in proper APA format.
Question 2:
Over the past 30 years, several totalitarian states have enacted democratic reforms. With this in mind, answer the following questions.
- What reforms are the most important for the business climate? ans how do democratic reforms have a positive impact on international business? (one full paragraph)
Question 3:
Describe the relationship between a market economy and a country's economic progress.