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Government, Law, and Political Risk in International Business - Coggle…
Government, Law, and Political Risk in International Business
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The Legal Environment
An international firm must obey the laws not only of its home country but also of all the host countries in which it operates.
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Legal Systems
Common Law
Based on tradition, precedent, and custom/usage.
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Theocratic Law
Based on the officially established rules governing the faith and practice of a particular religion.
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