Objectives Describe each main type of political system. Identify the origins of political risk and how managers can reduce its effects. List the main types of legal systems and explain how they differ. Describe the major legal issues facing international companies. Explain how international relations affect international business activities. This chapter is designed to introduce the student to the various types of political and legal systems in existence around the world today and
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Contending Perspectives of International Relations Theory – a set of propositions and concepts that seeks to explain phenomena by specifying the relationships among the concepts; to predict phenomena. The purpose of theory is that it helps guide us toward and understand of which various explanations are necessary and sufficient explanations for events. Hypotheses –statements positing a particular relationship among two or more variables. Levels of Analysis‚ first used by Waltz and later expanded
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International trade is the exchange of capital‚ goods‚ and services across international borders or territories. Trading aides the country in multiple ways; providing lower cost to a consumer‚ better healthcare‚ technology and even education. But there are also negative effects of trading. Some if asked fell that international trading is a necessary evil. It helps economies grow and can increase the welfare of society. However there should be a tighter restriction on what is to be traded and exactly
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Public Relations has a lot to offer‚ and political campaigning has a lot to learn. Campaigning‚ especially when it comes to politics‚ can often be misleading and discouraging. I would like to refer to the PR professional Richard Edelman‚ who brought up the key issues concerning campaigning in his blog article «Is Public Relations Ready for Discontinuous Change?» He states that creating two-way conversations with the community is vital to the practice of public relations‚ and without this flow of
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IPC2601/101/3/2013 Tutorial letter 101/3/2013 International Organisations Semesters 1 and 2 IPC2601 Department of Political Sciences IMPORTANT INFORMATION: This tutorial letter contains important information about you module. CONTENTS 1 1.1 2 2.1 2.2 3 3.1 3.2 3.3 4 4.1 4.2 4.3 4.4 5 5.1 5.2 5.3 5.4 6 7 7.1 7.2 7.2.1 7.2.2 7.3 7.4 7.5 7.6 8 9. INTRODUCTION AND WELCOME ................................................................................................................. 3 Tutorial
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Political Aspects of International Business International Business (INBU350) The political aspects regard the International Business has been passing through changes that in one way or another affect the organizations. Countries fighting for defend of their territories against others or internal conflicts to keep the democracy alive; for instance the war between Iraq and Iran‚ or the citizens of Venezuela fighting for the survival of their democracy. As a result the pressure of the non-business
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GAMES THEORY IN INTERNATIONAL RELATIONS 1.0 INTRODUCTION The field of game theory came into being with Émile Borel ’s researches in his 1938 book ‘Applications aux Jeux des Hazard’‚ and was followed by the 1944 book ‘Theory of Games and Economic Behaviour’ by John von Neumann and Oskar Morgenstern. This theory was developed extensively in the 1950s by many scholars. Game theory was later explicitly applied to biology in the 1970s‚ although similar developments go back at least as far as the
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Assessing the political environment is an important part in any business decision. Laws and regulations passed by either local‚ regional and central government bodies can affect foreign firms’ operations. Also‚ firms are comfortable assessing the political climates in their home countries. However‚ assessing the political climates in other countries is still problematic. Classification and description of political risks When doing international business‚ the manager may face several types of financial
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Political Economy of International Trade A) This chapter explores the political reality of international trade. Free trade refers to a situation where a government does not attempt to restrict what its citizens can buy from another country or what they can sell to another country. While many nations are nominally committed to free trade‚ they tend to intervene in international trade to protect the interests of politically important groups. B) The major objective of this chapter is to describe
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Political leaders on the international scene. Nowadays‚ politics is an extremely ubiquitous and controversial subject. It is present almost everywhere starting with the news‚ television programmes and ending with a family dinner in the privacy of our homes. Whether we like it or not‚ politics permanently leaves a mark on people’s lives. After all‚ it would mean nothing without its representatives. Throughout the history‚ there were many famous political figures‚ all of whom had a significant impact
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