1. Globalization: Trend away from distinct national economic units and toward one huge
global market. It is a process that makes people throughout the world more
interdependent, economically, environmentally, socially, etc.
2. Aspect of Globalization: Mar
1. Foreign Corrupt Practice Act:
U.S. law regulating behavior regarding the conduct of international business in
the taking of bribes and other unethical actions.
The act was subsequently amended to allow for facilitating payments, or speed
money or grea
Study Notes for Quiz #3
Chapter 5: Ethics in International Business (True/False questions)
Definitions and terminologies:
Convention on Combating Bribery of Foreign Officials in International Business
Class Review Week 2 & Study Notes
Definition of Political Economy
1) Political System:
Collectivism VS Individualism
Democratic VS Totalitarian
2) Economic System
Class Review & Study Notes
The world is moving away from self-contained national economies toward an
interdependent, integrated global economic system.
Globalization drives countries, firms and individuals to specialize in role