LECTURE - Module 2.pptx - Kwame Nkrumah University of Science Technology Kumasi Ghana Introduction to International Business Ameza-Xemalordzo(PhD LLM

LECTURE - Module 2.pptx - Kwame Nkrumah University of...

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Kwame Nkrumah University of Science & Technology, Kumasi, Ghana Introduction to International Business Name: Enya Ameza-Xemalordzo ( PhD, LLM, MBA, MSc, Gdip, BSc ) Department: Marketing & Corporate Strategy Faculty & College: Business School
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Kwame Nkrumah University of Science & Technology, Kumasi, Ghana Introduction to International Business Name: Enya Ameza-Xemalordzo ( PhD, LLM, MBA, MSc, Gdip, BSc ) Department: Marketing & Corporate Strategy Faculty & College: Business School
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Kwame Nkrumah University of Science & Technology, Kumasi, Ghana MODULE 2 Country Differences in Political Economy
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11/15/2019 Enya Ameza-Xemalordzo 4 Political Economy The political, economic, and legal systems of a country Political System System of government in a nation Collectivism Political system that emphasizes collective goals as opposed to individual goals Communists Those who believe socialism can be achieved only through revolution and totalitarian dictatorship Social Democrats Those committed to achieving socialism by democratic means
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11/15/2019 Enya Ameza-Xemalordzo 5 Individualism An emphasis on the importance of guaranteeing individual freedom and self- expression Democracy Political system in which government is by the people, exercised either directly or through elected representatives Totalitarianism Form of government in which one person or political party exercises absolute control over all spheres of human life and opposing political parties are prohibited Representative Democracy A political system in which citizens periodically elect individuals to represent them in government Communist Totalitarianism A version of collectivism advocating that socialism can be achieved only through a totalitarian dictatorship
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11/15/2019 Enya Ameza-Xemalordzo 6 Theocratic Totalitarianism Political system in which political power is monopolized by a party group, or individual that governs according to religious principles Tribal Totalitarianism Political system in which a party, group, or individual that represents the interests of a particular tribe (ethnic group) monopolizes political power Right-Wing Totalitarianism Political system in which political power is monopolized by a party, group, or individual that generally permits individual economic freedom but restricts individual political freedom, including free speech, often on the grounds that it would lead to the rise of communism Market Economy Economic system in which the interaction of supply and demand determines the quantity in which goods and services are produced
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11/15/2019 Enya Ameza-Xemalordzo 7 Command Economy Economic system where the allocation of resources, including determination of what goods and services should be produced, and in what quantity, is planned by the government
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  • Spring '17
  • STEPHEN KYEREMATENG

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