MGMT 414 Lecture Notes - Lecture 2: Totalitarianism, Collectivism, Representative Democracy

• School: Iowa State University
• Department: Management
• Course: MGMT 414
• Professor: Monica Gordillo

Document Summary

Intro: political economy - stress the political economic and legal systems of a country are independent - interact and influence each other. Social democrats - committed themselves to achieving socialism by democratic means. Individualism - refers to a philosophy that an individual should have freedom in his or her economic and political pursuits. In between democracies and complete totalitarian systems: authoritarian elements have captures some/much of the machinery of state and use this in an attempt to deny basic political and civil liberties. Intellectual property: refers to property that is the product of intellectual activity (computer software, screenplay, music score, chem formula, etc: patents, copyrights, and trademarks establish ownership rights over intellect property. Increasingly important source of economic value for businesses: protecting it is becoming problematic. World intellectual property organization: consists of 185 countries, signed international treaties to protect intellectual property.