Professional Documents
Culture Documents
Politican & Legal Environment
Politican & Legal Environment
Facing Business
1
Country Risk
2
What Gives Rise to Country Risk?
• Totalitarianism
• Socialism
• Democracy
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A key difference between civil law and common law is that
common law is mainly judicial in origin and based on court
decisions, whereas civil law is mainly legislative in origin and
based on laws passed by legislatures
Ethics
• Refers to the moral behavior of people,
firms, or governments.
• Issues often arise, or may be exacerbated, by
deficiencies in legal systems.
Corruption typically involves the use of bribery
and fraud to achieve business goals. Most
common in developing economies.