INTB 1203 Lecture Notes - Lecture 2: Totalitarianism, Mixed Economy, Collectivism

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C hapter 2 - national d ifferences in p olitical, e conomic, and l egal s ys tems. Political economy: a country"s interdependency of political, economic, and legal s ys tems. P olitic al s ys tem : the s ys tem of government in a nation. D egree to which they emphas iz e collectivis m as oppos ed to individualis m. D egree to which they are democratic or totalitarian. Collectivism: political s ys tem that emphas iz es collective goals as oppos ed to individual goals (p lato) Needs of s ociety are more important than individual freedoms. C om m unis t: thos e who believe s ocialis m can be achieved through revolution and totalitarian dictators hip. S oc ial dem oc rats : thos e committed to achieving s ocialis m by democratic means.

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