political, economic, culture system

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CHAPTER THREE

POLITICALECONOMY AND

ETHICS

Copyright 2016 Pearson Education, Inc.


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Learning Objectives

1. Describe the key features of each form of political system

2. Explain how the three types of economic systems differ.

3. Summarie the main elements of each type of le!al system

". #utline the !lobal le!al issues facin! international firms.

$. Describe the main issues of !lobal ethics and social respo

Copyri!ht % 2&1' (earson Education) *nc.


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PepsiCos Global Challenge

+ar!etin! international sales

(epsico,s international sales

comprise "& percent of total reenue

*nestin! a!!ressiely in *ndia

oin! the company,s product line

in healthier directionsDecreasin! the company impact on

the enironment

+akin! care of the company,s

workforce



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Political Systems

Political System:Structures) processes) and actiities by w

nation !oerns itself


Both private and publicgroups need to balance

each others powerEvery aspect of

peoples lives must be

controlled to preserve order

Only individuals and

private groups can

preserve personal libertie

Totalitarianism AnarchismPluralism


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Political Systems

Totalitarianis

otalitarian

!o"ernments

*mposed /uthority

0ack of Constitutional uarantees

estricted (articipation



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Political Systems

Deo$ra$%

'emocracy:(olitical system in

which !oernment leaders are electeddirectly by the wide participation ofthe people or by their representaties

$epresentati"e 'emocracy:Democracy in which citiens elect

indiiduals from their !roups torepresent their political iews



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Political Systems

Deo$ra$% !Cont"#


$epresentati"e'emocra

cy (reedom o) E*pression

Periodic Elections

(ull Ci"il and Property $ights

+inority $ights

onpolitical -ureaucracies


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Quic Study !

1. 5hat features characterie the political ideolo!y called p

2. Communists beliee that a iolent reolution is needed to

control oer resources) wish to eliminate political opposit

do what else6

3. 5hat does a representatie democracy strie to proide f

people6

". 7y what other name is capitalism often referred6



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"entrally Planned EconomyOrigin an+ De$line

rigin

ooted in Collectiism

(opularied by 9arl arx in the nineteenth century

*mplemented in the twentieth century by means of iolent upheaal

'ecline

:ailure to create economic alue

:ailure to proide incenties

:ailure to achiee rapid !rowth

:ailure to satisfy consumer needs



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Legal Systems &"ont'(

Common a

radition: / country,s le!al history

Precedent: (ast cases that hae come before the courts

sage: =ow laws are applied in specific situations

Ci"il a

egal code

heocratic a

-ased on religious teachings



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*lobal Legal +ssues &"ont'(

Product Sa)ety and ia#ility

esponsibility for dama!e) in>ury) or death

a*ation

*ncome) sales) consumption) and ?/+

3ntitrust $egulations(reent market sharin!) price fixin!) and unfair adanta



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Ethics and Social -esponsibility

Corporate Socialesponsibility

@CSA

+raditional(hilanthropy

iskana!ement

Strate!ic



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Ethics and Social -esponsibility

Philosophies o* Ethi$s an+ So$ial Respons

Philosophies

:riedman?iew

Culturalelatiist

?iew

i!hteousoralist

?iew

Bti?



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Quic Study .

1. +he essence of which philosophy is captured by the expre

5hen in ome) do as the omans do6

2. (ossible conse;uences of corruption include what6

3. 5hat are some criteria a product must meet in order to be

+rade certified6

". +he enironmental impact of !reenhouse !ases that resul

human actiity is called what6



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MAMO2N /ENMAMO2NASSISTANT PRO& O& INTERNATIONAL/2SINESS/OEING INSTIT2TE O& INTERNATIONAL/2SINESS

3OHN COO1 SCHOOL O& /2SINESS

SAINT LO2IS 2NI4ERSITY

Copyright 2016 Pearson Education, Inc.


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political, economic, culture system