Politics and Culture in Global Markets Class .docx - Week 1...

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Week 1Current Factors Political and Cultures Global MarketsEvolution of Political SystemsGeographyCulturePoliticsEconomic SystemsInput FactorsLaborLandCapitalEntrepreneurshipWhat is Globalization?Globalization refers to the trend towards a more integrated global economic system.-Globalization of markets:The merging of all the separate national markets intoone huge global market place-Globalization of ProductionThe Emergence of Global InstitutionsGlobal Institutions: Manage, Regulate, and police the global market placePromote the establishment of multinational treaties to governthe global business system.World Trade Organization (WTO)Polices world trading system and ensures nations adhere to the rules established inWTO treatiesRules: Integration, DumpingSynergy of Political SystemGeography(Creates)CulturePolitical SystemEconomical SystemEuropePolitics/CultureNon-homogenous societies
Monetary policy = currencyFiscal Policy = Taxes, financial institutions, debt structure, financial instruments.International Monetary Fund:Maintains order in the international monetarysystem.World Bank:Promotes economic developmentThe United Nations (UN)-Maintains International Peace and Security-Develops friendly relations among nations-Cooperates in solving international problems-Promotes respect for human rights-Is a center for harmonizing the actions of nations.Migration/ImmigrationFreedomStandard of LivingSocial/PoliticalCriminalEducationClimate ChangeComparative Advantage of National ResourcesLower Cost LaborLower cost of rentsCapital Investment InducementsPockets of High EducationWhat is driving the move toward greater globalization?
What are the implications of technological change for the globalization of markets?
Week 2Power Point 2What is the political economy of a country?
Political System:The system of a government in a nationEconomies are affected by their politicsMarket System= Political system has no impact on economyMixed Eco SystemGovernment (political), leaning consumer, market protectionLemon Law:Americanstate laws that provide aremedyfor purchasers of cars andother consumer goods in order to compensate for products that repeatedly fail to

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Term
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Business, United Nations, Entrepreneurship, Political Economy, Economic system, political systems, global market place

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