How does politics affect business?
The type of government can decide, promote, encourage,shelter or control the businesses in that country.
The developed countries of today exist as such mainly due tothe open and freedom of their countries.
Two political systems can exist-democratic or totalitarianism. Democracy is always the most favored as it helps inmaintaining stable biz environments and laws giving politicalrights and civil liberties.
Totalitarian nations like Hitler’s Germany, Stalin’s Soviet Unionpushed them to destruction. The leaders can be Theocratic(religious), Secular (military) or Tribal.
But in reality
, the world’s largest democracy- Indiaexperienced only slow growth while totalitarian regimes likethe
4 Asian Tigers4 Asian Tigers
built strong market economies.
So what do you think?