Chapter 2 Student P11

Chapter 2 Student P11 - Chapter2 CountryDifferences

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Chapter 2 Country Differences
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Upon completion of this material,  you should be able to: Discuss the differences between common,  civil and theocratic law. Describe the government structures used  by nations. Compare the advantages and  disadvantages of command economies  versus market economies. Explain fiscal and monetary policy.
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Country Differences Legal Systems Political Systems Economic Systems
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Legal Systems Common Law Civil Law Theocratic Law
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Common Law Past court decisions act as precedents  to form future policies. The judge plays a significant role as a  law maker. Contracts tend to be very detailed with  all contingencies specified. Common law prevails in England and in  countries originally colonized by the  British Empire.
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Civil Law Every law of the country is codified or  written into comprehensive codes. Legislation, not court rulings, is the primary  source of law, and the duty of the judge is  to apply the law as enacted. Contracts tend to be shorter and less  specific. Civil law is used in many European  countries including France, Germany, and  Italy.
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Theocratic Law Theocratic legal systems combine  religious doctrine with legal principles and  have their foundation in the sacred texts of  religious traditions. The word of God is the foundation for the  nation’s legal framework. Theocratic systems include Islamic law  and Judaic law.
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Islamic Law Islamic law is the most widely practiced  form of theocratic law. Based on the Koran and the teachings of  the Prophet Mohammed. Crimes with an exact reference in the 
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This note was uploaded on 02/28/2011 for the course MGT 302 taught by Professor West during the Spring '10 term at ASU.

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Chapter 2 Student P11 - Chapter2 CountryDifferences

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