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Role of gov in society Political idelogies Political risk
country emphasizes collectivism or individualism democratic or totalitarian
advocate state ownership - production, distribution & exchange benefit society rather than individual capitalits
Promotes freedom & civil liberties effective check and balances Judiciary & media independents2. Flawed democracy (Brazil) States respect civil liberties Fair elections and fraud/ media restrictions Low political participations3. Hybrid regime (Bangladesh) Electoral irregularities undermine freedom Gov limits oppo parties Judicial bias Corruption4. Authoritarian regime (Afghanistan) Political pluralism is absent Democratic institutions exist but have little subtances
productive activities are privately owned gov encourage fair competition 2. Command economies gov plans good and services that country, quantity produces and prices sold business are state owned, gov allocate resources for society little incentives to control cost 3. Mixed economies certain economy are private ownership and free market gov owned firms that important to national security
tradition and custom
law organized into codes
religious teaching
corruption reduce FDI, level int. trade, economic growth
illegal for US companies to bribe foreign gov
exclusive rights for product
legal rights to publish work
design and names which manufacturer differentiate their products
remove legal restrictions
transfer of ownership from state to private
safeguard property rights
benefits costs risks inflation rates private sector debt