IBUS 3510 Lecture Notes - Lecture 2: Capital Flight, Cost Overrun, Mixed Economy
3 May 2017
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Ibus 3510 chapter 2- national differences in political economy. Market economy- supply, demand, price set by market, lots of buyers and sellers, everything must be owned by individuals (usa) Perfect competition: know the differences between each type, example: what is the difference between a monopoly vs. a monopolistic market. Common law- practiced in uk and all former colonies (usa, india, south africa, canada). Its based on tradition and rich legal history (precedence), and situation specific, based on tradition, precedent, and custom. Civil law- less flexible compared to common law *mcq exam*, based on detailed set of laws organized into codes. Exam q- what are the 3 major types of intellectual property. Short answer exam q: the overall attractiveness of a country for international business. Which market to enter, when to enter, and how to enter: bei(cid:374)g the first (cid:373)over strong market share, strong brand image. Risk of economy, inflation, capital flight (money leaving the country),
