GMS 724 Lecture Notes - Lecture 2: Political Spectrum, Totalitarianism, Collectivism

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 724
• Professor: Howard Lin

Document Summary

To discuss the philosophies and practices of a political system. To explain the idea of political risk and describe approaches to managing it. To discuss philosophies and practices of the legal system. Political and legal factors influencing international business operations. Political system: the complete set of institutions, political organizations, and interest groups, the relationships among institutions and the political norms and rules that govern their functions. Individualism: primacy of the rights and role of the individual. Collectivism: primacy of the rights and role of the community. The system of ideas that expresses the goals, theories, and aims of sociopolitical program. Most modern societies are pluralistic- different groups champion competing political ideologies. Freedom of opinion, expression, press, religion, association, and access to information. Exercise of citizen power and civic responsibility either directly or through elected representatives. Citizen equality in opportunity and treatment before the law. Majority rule coupled with protection of individual and minority rights.