BUSI 3810U Lecture Notes - Lecture 2: Socialist Law, Crony Capitalism, Wireless

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Ideology underlies the actions of government: reflects beliefs and values and behavior and culture of nations and their political systems. Dimensions in evaluating political systems: rights of citizens based on a system of government, ranging from democratic to totalitarian, focus of political system on individualism or collectivism, democratic nations emphasize individualism, totalitarian nations lean toward collectivism. Many different laws and regulations in global business operations create confusion and pose challenges to mncs. Adhering to disparate legal frameworks can prevent mncs from capitalizing on manufacturing economies. Mncs must carefully evaluate legal framework in each market before doing business. Islamic law: derived from interpretation of the qur"an and reaching of prophet muhammad, found in most islamic countries in the middle east and central asia. Chapter 2 & 3: derives from english law, foundation in, united states, canada, australia, new zealand, etc .

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