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    MNT Class5 17102022

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    EUE 2022
    This document outlines topics from a class on business and management in a global context. It discusses how political, economic, and legal factors can affect business globally. It defines different types of economic systems such as market economies, command economies, and mixed economies. Countries vary in how they combine market and non-market mechanisms in their economies. The class will have a quiz on chapters one and two covering the global business environment and political, economic, and legal environments topics. The next class will discuss legal systems and country development issues.

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    MNT Class5 17102022

    Uploaded by

    EUE 2022
    41 views15 pages
    This document outlines topics from a class on business and management in a global context. It discusses how political, economic, and legal factors can affect business globally. It defines different types of economic systems such as market economies, command economies, and mixed economies. Countries vary in how they combine market and non-market mechanisms in their economies. The class will have a quiz on chapters one and two covering the global business environment and political, economic, and legal environments topics. The next class will discuss legal systems and country development issues.

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    MNT-Class5-17102022

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    This document outlines topics from a class on business and management in a global context. It discusses how political, economic, and legal factors can affect business globally. It defines different types of economic systems such as market economies, command economies, and mixed economies. Countries vary in how they combine market and non-market mechanisms in their economies. The class will have a quiz on chapters one and two covering the global business environment and political, economic, and legal environments topics. The next class will discuss legal systems and country development issues.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    41 views15 pages

    MNT Class5 17102022

    Uploaded by

    EUE 2022
    This document outlines topics from a class on business and management in a global context. It discusses how political, economic, and legal factors can affect business globally. It defines different types of economic systems such as market economies, command economies, and mixed economies. Countries vary in how they combine market and non-market mechanisms in their economies. The class will have a quiz on chapters one and two covering the global business environment and political, economic, and legal environments topics. The next class will discuss legal systems and country development issues.

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    Business and

    CLASS 5 Management in A
    Global Context
    Dr. Howaida M. Barakat
    Topic one:
    Introduction to the global
    business environment
    2. Political, Economic and Legal
    Environments

    2022 Dr. Howaida M. Barakat 2


    Political Factors Affecting Business
    • Tax rates and policy
    • Tariffs
    • Democratic governments have to pursue re-election every few years, this might change government
    policies.
    • In totalitarian systems, governments have absolute power, this might lead to:
    • Bureaucracy
    • Corruption
    • Trade control
    • Discrimination
    • Data Protection
    • Competition regulation

    2022 Dr. Howaida M. Barakat 3


    CLASS 5
    Learning Outcomes
    2.4, 2.5, 2.6
    • Discuss the systemic differences among
    economies and the related challenges
    for international business
    • Describe the basic differences between
    legal systems in the world
    • Engage in and assess leading debates
    on political, economic, and legal
    institutions and international business.

    2022 Dr. Howaida M. Barakat 4


    Economic Systems
    What does the term economic systems mean?
    The rules by which a country is governed economically.

    TYPES OF
    ECONOMIC SYSTEMS

    Market Economy Command Economy Mixed Economy

    2022 Dr. Howaida M. Barakat 5


    Market Economy

    - Production quantities are determined


    by supply and demand.
    - No Monopoly
    Little to - Little to no government intervention

    2022 Dr. Howaida M. Barakat 6


    Command Economy

    2022 Dr. Howaida M. Barakat 7


    Mixed Economy

    2022 Dr. Howaida M. Barakat 8


    US, France, India

    Hong Kong, UK, Singapore, North Korea,


    Australia, Switzerland & the former Soviet Union

    History, culture, resources and other factors, lead countries to vary enormously in how
    they combine market and non-market mechanisms to coordinate economic activity.

    2022 Dr. Howaida M. Barakat 9


    2022 Dr. Howaida M. Barakat 10
    Globalization & the Economic Systems of the Countries
    Economies will be constantly changing inTYPES
    the modern
    OF
    dynamic global environment. The
    view suggests two main types of the economy (Willcocks, 2021a)
    ECONOMIC SYSTEMS

    Coordinated Market Liberal Market

    2022
    Dr. Howaida M. Barakat 11
    Activity
    Economic Transformation in Vietnam

    What changes in formal institutions and economic policy explain Vietnam’s


    progress in recent years?

    If you were going to enter Vietnam as a new market, what formal


    institutional risks would you anticipate?

    How would you mitigate those risks?

    2022
    Dr. Howaida M. Barakat 12
    Week 4 Assignment

    S T UDY FO R A Q U I Z O N C H A PT ER O NE & T WO C O NC E PTS

    WHEN?
    M o nday, O c tobe r 2 4 , 2 0 2 2

    WHERE?
    In Class

    F O R M AT ?
    Pa p er - ba s e d M u l t i pl e C h o i c e & E s s ay Wr i ti ng

    2022 Dr. Howaida M. Barakat 13


    Topic 1: Introduction to the global business environment
    Chapter 2: Political, economic and legal environments

    2.5 Legal systems


    Next Class 2.6 Country development: political, economic, and legal issues

    Reading pages: 35 - 38

    05/10/2022 Dr. Howaida M. Barakat 14


    Thank You
    Dr. Howaida M. Barakat
    Howaida.barakat@eue.edu.eg

    2022 15

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