Globalization
The shift toward a more integrated an interdependent world economy is referred to as _________________.
What is globalization
A nation's political economy is made up of
What is the political, economic, and legal systems of countries
A country's political economy and culture are independent of each other. TRUE of FALSE
What is False
The _____________ rejects the idea that only the social responsibility of business is to increase profits, so long as the company stays within the rules of law.
What is the Friedman doctrine
The company plans to lay off 4,000 white collar workers in the next two weeks.
Who is GM
Many businesses can become completely immune to events in the international business environment. TRUE of FALSE
What is FALSE
____________ is consistent with the notion that an individual's right to do something may be restricted because it runs counter to "the good of society" or "the common good."
What is collectivism
Cultural literacy
What is knowledge regarding a culture that enables people to live and work within that culture
All goods and services sold abroad and sent out of a country.
What is exports.
The value of all goods and services produced by a country's domestic and international activities over a one-year period.
What is Gross National Product (Gross National Product)
Special region in which companies can engage in tariff-free importing and exporting
Export-processing zone.
Karl Marx was an advocate for
What is central economic planning (communism)
Following this philosophy, a company should maintain its home-country ethics wherever it operates
What is Righteous Moralist
What are the three main types of legal systems in use around the world
What is common, civil, and theocratic
The U.S. practices a _________ legal system
What is common law
This organization is primarily responsible for policing the world trading system and making sure nation-states adhere to rules laid down in trade treaties signed by member states.
What is WTO
A __________ is a political system in which government is by the people.
What is democracy
Reflect a people's underlying values.
What is attitudes
Property right granted to the inventor of a product or process that excludes other from making or using the invention.
What is patent
The laissez-faire economic philosophy is one the promotes _______
What is less government intervention and greater individual economic freedom.
Replacement of one culture's traditions, folk heroes, and artifacts.
What is cultural imperialism.
Belief that both private and public groups play important roles in a nation's political economy.
What is pluralism
The Japanese tradition of throwing parties for those who turn age 20 is an example of
What is a custom.
The structures, processes, and activities by which a nation governs itself.
What is political system.
This is the forced transfer of assets from a company to the government without compensation.
What is confiscation.