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CHAPTER THREE
POLITICALECONOMY AND
ETHICS
Copyright 2016 Pearson Education, Inc.
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Learning Objectives
1. Describe the key features of each form of political system
2. Explain how the three types of economic systems differ.
3. Summarie the main elements of each type of le!al system
". #utline the !lobal le!al issues facin! international firms.
$. Describe the main issues of !lobal ethics and social respo
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PepsiCos Global Challenge
+ar!etin! international sales
(epsico,s international sales
comprise "& percent of total reenue
*nestin! a!!ressiely in *ndia
oin! the company,s product line
in healthier directionsDecreasin! the company impact on
the enironment
+akin! care of the company,s
workforce
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Political Systems
Political System:Structures) processes) and actiities by w
nation !oerns itself
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Both private and publicgroups need to balance
each others powerEvery aspect of
peoples lives must be
controlled to preserve order
Only individuals and
private groups can
preserve personal libertie
Totalitarianism AnarchismPluralism
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Political Systems
Totalitarianis
otalitarian
!o"ernments
*mposed /uthority
0ack of Constitutional uarantees
estricted (articipation
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Political Systems
Deo$ra$%
'emocracy:(olitical system in
which !oernment leaders are electeddirectly by the wide participation ofthe people or by their representaties
$epresentati"e 'emocracy:Democracy in which citiens elect
indiiduals from their !roups torepresent their political iews
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Political Systems
Deo$ra$% !Cont"#
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$epresentati"e'emocra
cy (reedom o) E*pression
Periodic Elections
(ull Ci"il and Property $ights
+inority $ights
onpolitical -ureaucracies
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Quic Study !
1. 5hat features characterie the political ideolo!y called p
2. Communists beliee that a iolent reolution is needed to
control oer resources) wish to eliminate political opposit
do what else6
3. 5hat does a representatie democracy strie to proide f
people6
". 7y what other name is capitalism often referred6
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"entrally Planned EconomyOrigin an+ De$line
rigin
ooted in Collectiism
(opularied by 9arl arx in the nineteenth century
*mplemented in the twentieth century by means of iolent upheaal
'ecline
:ailure to create economic alue
:ailure to proide incenties
:ailure to achiee rapid !rowth
:ailure to satisfy consumer needs
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Legal Systems &"ont'(
Common a
radition: / country,s le!al history
Precedent: (ast cases that hae come before the courts
sage: =ow laws are applied in specific situations
Ci"il a
egal code
heocratic a
-ased on religious teachings
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*lobal Legal +ssues &"ont'(
Product Sa)ety and ia#ility
esponsibility for dama!e) in>ury) or death
a*ation
*ncome) sales) consumption) and ?/+
3ntitrust $egulations(reent market sharin!) price fixin!) and unfair adanta
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Ethics and Social -esponsibility
Corporate Socialesponsibility
@CSA
+raditional(hilanthropy
iskana!ement
Strate!ic
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Ethics and Social -esponsibility
Philosophies o* Ethi$s an+ So$ial Respons
Philosophies
:riedman?iew
Culturalelatiist
?iew
i!hteousoralist
?iew
Bti?
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Quic Study .
1. +he essence of which philosophy is captured by the expre
5hen in ome) do as the omans do6
2. (ossible conse;uences of corruption include what6
3. 5hat are some criteria a product must meet in order to be
+rade certified6
". +he enironmental impact of !reenhouse !ases that resul
human actiity is called what6
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MAMO2N /ENMAMO2NASSISTANT PRO& O& INTERNATIONAL/2SINESS/OEING INSTIT2TE O& INTERNATIONAL/2SINESS
3OHN COO1 SCHOOL O& /2SINESS
SAINT LO2IS 2NI4ERSITY
Copyright 2016 Pearson Education, Inc.
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