BUSI 2701 Chapter Notes - Chapter 2: Human Development Index, Totalitarianism, Collectivism
Document Summary
Illustrate how political, economic, and legal systems collectively influence a countries ability to achieve meaningful economic progress: summarize the main changes that are currently reshaping the political, economic, and legal systems of many nation states, express how a country"s political, economic, and legal systems influence the benefits, costs, and risks associated with doing business in that country, give examples of the ethical issues that can arise when doing business in a nation in which the political and legal systems do not support basic human rights. Collectivism and individualism: collectivism: refers to a political system that stresses the primacy of collective, the needs of society as a whole are viewed as being more important than goals over individual goals. individual freedoms, plato argued that individual rights should be sacrificed for the good of the majority and that property should be owned in common, socialists have picked up this collectivist mantle.
