Chapter2 Solution

Chapter 2: The Political, Legal, and Technological Environment

Learning Objectives and Chapter Summary

|1. |INTRODUCE the basic political systems that characterize regions and countries around the world and offer brief examples of |

| |each and their implications for international management. |

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| |The global political environment can be understood via an appreciation of ideologies and political systems. Ideologies, |

| |including individualism and collectivism, reflect underlying tendencies in society. Political systems, including democracy|

| |and totalitarianism, incorporate the ideologies into political structures. There are fewer and fewer purely collectivist or|

| |socialist societies, although totalitarianism still exists in several countries and regions. Many countries are |

| |experiencing transitions from more socialist to democratic systems, reflecting related trends discussed in Chapter 1 toward|

| |more market-oriented economic systems. |

|2. |PRESENT an overview of the legal and regulatory environment in which MNCs operate worldwide, and highlight differences in |

| |approach to different legal and regulatory issues in different jurisdictions. |

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| |The current legal and regulatory environment is both complex and confusing. There are many different laws and regulations |

| |to which MNCs doing business internationally must conform, and each nation is unique. Also, MNCs must abide by the laws of|...