GMS 724 Study Guide - Comprehensive Midterm Guide: Purchasing Power Parity, Most Favoured Nation, Foreign Direct Investment

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

Document Summary

Chapter 2: the political and legal environments facing business. To discuss the philosophies and practices of a political system. To explain the idea of political risk and describe approaches to managing it. The complete set of institutions, political organizations, and interest groups. Maybe the unions but most of us have a certain ideology regarding nafta. The relationships among institutions and the political norms and rules that govern their functions. For example, canada"s senate is weaker than america"s. The system of ideas that expresses the goals, theories and aims of a sociopolitical program. For example, trump"s make america come first slogan which means other members of nafta and nato pay a larger share because according to trump america is paying a larger share in nafta. Trudeau says canada has a more open mind towards immigrants. Most modern societies are pluralistic i,e, different groups. Citizen equality in opportunity and treatment before the law. Subordination of government to the rule of law.