Chapter 5 Political and Legal Systems in International Business
Learning Objectives
In this chapter, you will learn about:
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The nature of country risk
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Political systems
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Legal systems
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Types of country risk produced by political and legal systems
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The nature of government intervention
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Instruments of government intervention
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How firms can respond to government intervention
The Nature of Country Risk
Most of us expect a familiar business landscape when conducting business at home. But foreign markets frequently differ in terms of political and legal systems. Managers must be able to navigate difficult regulations and practices and avoid unethical or questionable conduct. At the same time, the political and legal context can present ...
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