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NATIONAL DIFFERENCES - Coggle Diagram
NATIONAL
DIFFERENCES
Legal Systems :star:
Differences in Contract Law
Approach differently
Common law : contracts are very detailed
Civil law : contracts are shorter and much less specific
CISG
Property Rights and Corruption
Property rights
Private action
Public action
Corruption
The protection of Interllectual Property
Concepts
Patents
Copyrights
Trademarks
Response to violations
Filing lawsuits
Avoiding countries with poor laws
Lobbying governments
Product Safety and Product Liability
Product safety laws : set certain safety standards to which a product must adhere
Product liability : product causes accidents ---> a firm and its officers responsible
Adhere to the standards : the home country or the standards of the host country
Concepts and roles
enforce & regulate behavior --> redress for grievances
Important role
Define the manner in which business transactions are to be executed
Set down the rights and obligations of those involved in business transactions
Regulate business practice
Include
Civil law
Theocratic law
Common law
Economic :star:
Market
Command
Mixed
Political
:star:
Democracy and Totalitarianism
Democracy
Exercised either directly or through elected representatives
Representative democracy
Totalitarianism
One person/political party exercises absolute control
Opposing political parties are prohibited
There is widespread political repression
There are no free and fair elections
Media is censored
Basic civil liberties are denied
Challenges to the regime are prohibited
Communist totalitarianism
Theocratic totalitarianism
Tribal totalitarianism:
Right wing totalitarianism
Pseudo-Democracies
Many nations lie between pure democracy and complete totalitarianism
Authoritarian elements capture much of the machinery of state and use this in an attempt to deny basic political of state and use this in an attempt to deny basic political
Russia under Vladimir Putin
Collectivism and Individualism
Socialism
XX century
Communists: revolution and totalitarian dictatorship
Social democrats: democratic means
Roots to Karl Marx
State ownership : The basic means of production, distribution, exchange
Many state-owned enterprises failed to succeed, and many nations implemented privatization program
Individualism
Freedom over their economic and political pursuits
Individual freedom and self-expression
Pursue their own self-interests to achieve the best overall good for society
Collectivism
Society's needs are more important than individual freedom
Stresses the primacy of collective goals over individual goals
The system of government in a nation