Scribd
Upload
7 views

Chapters 3

The document discusses different types of political systems including individualism vs collectivism, totalitarianism, and types of democracies. It also covers political risk, the allure of authoritarianism, different legal systems, and laws concerning property rights, intellectual property, product safety, liability, and contracts.

Uploaded by

b77psmntm2
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
7 views

Chapters 3

The document discusses different types of political systems including individualism vs collectivism, totalitarianism, and types of democracies. It also covers political risk, the allure of authoritarianism, different legal systems, and laws concerning property rights, intellectual property, product safety, liability, and contracts.

Uploaded by

b77psmntm2
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

Chapter Three:

A country’s political system refers to the structural dimensions and power dynamics of its
government that specify institutions, organizations, and interest groups, and define the norms
that govern political activities.

Individualism & Collectivism :


- Individualism: primacy of the rights & role of the individual (individual freedom, self
expression, and personal independence)
- collectivism: primacy of the rights & role of the community.

- Political Ideology: encapsulates the doctrine of political behavior & change, it outlines the
procedures for converting ideas into actions.
- totalitarianism system: subordinates the individual to the interests of the collective
dissent is eliminated through indoctrination, persecution, surveillance, propaganda,
censorship, and violence, types are Authoritarianism, Fascism, Secular, theocratic.
Totalitarianism and collectivism are intrinsically related and mutually reinforcing; collectivism
legitimates principles of totalitarianism and totalitarianism supports standards of collectivism.

Freedom House identifies three types of political systems:


• Free
• Partly free
• Not free

The Third Wave of Democratization refers to the third surge of democratically governed states in
the twenti- eth century. Ultimately, as this wave crested, the number of countries led by a
democratic government doubled.

Various forces powered past the Third Wave of Democratization:


• Failure of totalitarian regimes to deliver prosperity
• Improving communication technology
• Economic dividends of political freedom

In Democracy:
all citizens are politically and legally equal, (Freedom of thought, beliefs, speech) Types: 1,
Representative, 2. Parliamentary, 3. Liberal, 4. Multiparty, 5. Social.
Basic for democracy:
1. Fair and free elections
2. Recognition of elected government
3. regular elections
4. freedom of speech
5. freedom religion
6. citizen equal opportunities
7. protection of minority rights
8. rule of majority
9. jurisdiction system independency

Political Risk (risks that affect the profitability or sustainability of an investment)


Types: systemic, procedural, distributive, catastrophic.

- Characterization of political risk:


1. Financial Anomalies
2. unilateral breach of contract
3. Tax discrimination
4. restrictions on profit repatriation
5. destructive government actions
6. harmful action against people
7. nationalization
8. civil strife/war

THE ALLURE OF AUTHORITARIANISM:


- Political economy of growth
- rhetoric versus reality
- economic problems

legal system, is the mechanism for creating, interpreting, and enforcing the laws in a specific
jurisdiction. Types: 1. Common law 2. Civil law 3. Theocratic law 4. Customary law 5. Mixed
systems

As for operational concerns, in general rich countries regulate less & poor countries regulate
more. (Ex starting a business, making and enforcing contracts, hiring and firing local worker,
closing down business)

- Laws that concern international:

1. Property right law ( over assets and income generated by assets)


2. Intellectual property: (intangible insights) “intellectual property rights” the rights to control
the benefits from writing, inventions…
3. Product safety & liability: (certain standards which a product and a service must have)
4. Contract law: (legally protect the rights of contract parties)

You might also like