Week 3 BB - MANAGEMENT 350 International Business &...

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MANAGEMENT 350 International Business Week 3 Laura Min Jackson, MSOD
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Assessing Risk Political Political Economic Economic Technological Technological Regulatory Regulatory Form of government Political stability Foreign policy State companies Level of terrorism Import/Export restrictions Level of technology Availability of local technical skills Technical requirements of country Appropriability Transfer of technology Infrastructure Economic system State of development Economic stability GNP International financial standing Monetary/fiscal policies Foreign investment Legal system Prevailing international laws Protectionist laws Tax laws Role of contracts Protection for proprietary property Environmental protection
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Chapter 4 Economic Systems & Development
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Economic Systems Centrally Planned Market Mixed Government ownership of economic resources and state planning Government and private ownership of economic resoures split rather evenly Mostly private (individual or business) ownership of economic resources
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Government owns most land, factories, and other economic resources and plans nearly all economic activity Asia Central Europe Eastern Europe Latin America Russia (1917) China (1949) Cuba (1959) Group welfare is paramount Group welfare is paramount Goal is economic, social equality Goal is economic, social equality Communist” system is needed Communist” system is needed Centrally Planned Economy
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Decline of Central Planning Central planning failed to: Create economic value Provide incentives Achieve rapid growth Satisfy consumer needs
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Mixed Economy Noble Goals: Low unemployment and poverty Steady economic growth Equitable distribution of wealth
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Week 3 BB - MANAGEMENT 350 International Business &...

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