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National Differences in Political, Economic, and Legal Systems, and Culture

- - - - Based on tradition, precedent, and custom
    - - Based on detailed set of laws organized into codes
    - - Law is based on religious teachings
- - - - 1) Private action
        
        Theft
        
        Piracy
        
        Blackmail
      - 2) Public Action
        
        High levels of corruption reduce foreign direct investment, the level of international trade, and the economic growth rate in a country
        
        Legally
        
        Excessive taxation
        
        Illegally
        
        Bribes or blackmailing