IB 3101 Lecture Notes - Lecture 2: Authoritarianism, Paris Convention For The Protection Of Industrial Property, World Intellectual Property Organization
19 Mar 2017
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Document Summary
Political economy: refers to how the political, economic, and legal systems of a country are interdependent, how they are interacting with one another, political economy affects economic well being aka attractiveness of a country for trade / investment. Political system (cid:523)type of gov"t(cid:524: collectivism vs individualism, democratic vs totalitarian. Individual has freedom over economic and political pursuits. Individual diversity and private ownership: democratic political systems and free market economies, achieves economic growth, often achieved at expense of equality of outcomes, hard for government to guarantee equality of opportunity. Democracy: gov"t by the people, or directed through elected representatives, representative democracy (usa, ex. Fake democracies: elections with no real choice or rigged results, ex. Social democracies: socialism achieved through democratic means, mixed economies, elected socialist leaders, ex. Totalitariasm: dictatorship, form of gov"t in which one person / political party exerices absolute control over all sphere of human life, no one can go against, community totalitariasm, ex.
