CHAPTER TWO OVERVIEW

CHAPTER TWO OVERVIEW - CHAPTER TWO OVERVIEW...

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CHAPTER TWO OVERVIEW This chapter has reviewed how the political, economic, and legal systems of countries vary. The potential  benefits, costs, and risks of doing business in a country are a function of its political, economic, and legal  systems. The chapter made the following points: 1. Political systems can be assessed according to two dimensions: the degree to which they  emphasize collectivism as opposed to individualism, and the degree to which they are democratic  or totalitarian. 2. Collectivism is an ideology that views the needs of society as being more important than the needs  of the individual. Collectivism translates into an advocacy for state intervention in economic activity  and, in the case of communism, a totalitarian dictatorship. 3. Individualism is an ideology that is built on an emphasis of the primacy of individual's freedoms in  the political, economic, and cultural realms. Individualism translates into an advocacy for 
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CHAPTER TWO OVERVIEW - CHAPTER TWO OVERVIEW...

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