Page 75 - DMGT545_INTERNATIONAL_BUSINESS

International Business Ginni Nijhawan, Lovely Professional University

notes unit 5: Political and economic environment

contents

Objectives
Introduction
5.1 Political Environment
5.1.1 Sovereignty of Nations
5.1.2 Types of Political Systems
5.1.3 Political Risks of Global Business

5.1.4 Government Encouragement of Global Business
5.1.5 Factors affecting Global Business
5.2 Economic Environment
5.2.1 The World Economy — An Overview

5.2.2 Marketing and Economic Development
5.2.3 Economic System
5.2.4 Stages of Market Development
5.2.5 Location of Population
5.2.6 Budget

5.3 Need for Government Intervention in Business
5.3.1 Central Communications Commission (CCC)
5.3.2 Food and Drug Administration (FDA)
5.3.3 Equal Employment Opportunity Commission (EEOC)

5.3.4 Occupational Safety and Health Administration (OSHA)
5.3.5 Environmental Protection Agency (EPA)
5.3.6 Consumer Product Safety Commission (CPSC)
5.3.7 Central Monetary Regulatory Agencies
5.4 Summary

5.5 Keywords
5.6 Review Questions
5.7 Further Readings

objectives

After studying this unit, you should be able to:

l z Define political environment
l z Explain the types of political systems
l z Describe the government intervention in business

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