Term
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Definition
| leaders govern without peoples support. Government controls much of peoples lives leaders do not tolerate opposing viewpoints imposed authority lack of constitutional guarantees restricted participation |
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Term
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Definition
| laws are vague bureaucrats may interpret laws however they wish |
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Term
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Definition
| government leaders are elected directly by using participation of the people of their representatives |
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Term
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Definition
| private and public groups belong in politics |
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Term
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Definition
freedom of expression
periodic elections
full civil and property rights
minority rights
nonpolitical burocracias |
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Term
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Definition
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Term
| 5 types of political risk |
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Definition
1 conflict and violins
terorism and kidnapping
property seizure
policy changes
local content requirements |
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Term
| political risk arises from 3 |
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Definition
peoples resentment toward government
teritorial disputes between nations
ethical racial or religious disputes |
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Term
| political risk reduces the ability to 3 |
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Definition
| obtain materials manufacture and distribute products protect employees lives and firms asset |
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Term
| property seizure confiscation |
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Definition
| forced transfer of assets from a company to the government without compensation |
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Term
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Definition
| forced transfer of assets from a company to the gov with compensation |
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Term
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Definition
| forced asset transfer to the government of an entire industry |
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Term
| local content requirements |
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Definition
| specify the portion of a good or service to be supplied by local firms |
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Term
| managing political risk (7) |
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Definition
adaption
partnership
localization
development assistance
insurance
info gathering
influence local politics |
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Term
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Definition
confiscation
expropriation
nationalizaion
policy changes |
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Term
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Definition
| restrict foreign ownership investment levels and business activities |
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Term
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Definition
| incorporating risks into business strategies |
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Term
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Definition
data to better predict and manage risk.
current employees
agencies specializing in political risk |
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Term
| foreign corrupt practices act |
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Definition
| forbids bribing of government officials or political candidates in other countries |
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