Assignment:
Question 1-Compare and contrast two prevalent political systems: totalitarianism and democracy, and explain how a country's political system influences its legal system.
Question 2- Briefly explain each of the three main methods companies use to manage political risk.
Question 3- What is economic transition? Describe the obstacles that countries face during economic transition.
Question 4- Describe the three main types of economic systems.
Question 5- Describe four corporate responsibility issues and explain how these issues can impact a company's international relations.
Question 6- How does economic development in countries affect international business?
Question 7-Explain the three types of property seizure. Why might property seizure be a risk for a business operating in a totalitarian nation?
Question 8-Describe the importance of a nation's legal system, and identify the main differences between the three main types of legal systems.
- Discuss how economic development in countries affect international business. ( one paragraph or two )