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International Business (Midterm 1) > Chapter 3 (Political Risk) > Flashcards

Chapter 3 (Political Risk) Flashcards

1
Q

What is a political risk?

A

Political uncertainty that depicts a high probability that there will be changes in a host or home country policies that could have negative effects on a firm’s financial performance, or strategic position, or operations or competitiveness

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2
Q

What are some negative effects of political risk on enterprises?

A

Change financial performance
Change in strategic position
Change in business model
Change of firm’s competitiveness

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3
Q

What are types of political risks?

A

Ownership risks
Operational risks
Transfer risks

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4
Q

What is the framework for managing political risks in international business?

A

Political risk assessment
Adapting business model to host country
Collaborating with strategic partners
Re-configuring value chain
FDI insurance
Build relationships with policy makers

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5
Q

What are the main drivers of political risk?

A

Political system
Legal framework
Government efficiency

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6
Q

What are factors contributing to political stability?

A

Democracy
Political ideology
Internal conflict (or lack there of)
Geopolitical pressures

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7
Q

What is democracy?

A

Voice of citizen
Free fair and frequent elections
Individual freedom
Freedom of association
Economic freedom
Media freedom
Inclusive citizenship
Rule of law
Gov transparency and accountability

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8
Q

What is a political ideology?

A

Underlying political assumptions, ideas, beliefs, philosophy or principles that determine the role of the government in national governance such as:

Distribution of wealth
Business ownership
Health care
Education
Social security

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9
Q

What are different types of internal conflict?

A

Racial
Class
Terrorism
Religious
Ethnic/tribal
Political

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10
Q

What are geopolitical pressures?

A

Global political power comp
Regional conflicts
Foreign political interference
Terrorism, cybersecurity, and nuclear threat
Global pandemics and economic crisis
Climate change

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11
Q

What is government efficiency?

A

Government capability to deliver public services to its people effectively

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12
Q

What are the pillars of government efficiency?

A

Government bureaucracy
Gov transparence
Digital information tech
Human Resources capabilities

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13
Q

What is the framework to analyse legal risk?

A

Legal system
Legal efficiency and law enforcement
Competition laws
Product standards and liability
Protection of property rights
Protection of intellectual property

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14
Q

What are some aspects where enterprises can assess legal risks measures?

A

Legal efficiency
Settling dispute
Enforcement
Burden of govt regulations
Protection of intellectual property
Property rights

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15
Q

What is the framework to manage intellectual property rights in high-risk countries

A

Registration of intellectual property
Reconfigure gvc
Selective recruitment
Limiting partner to access
Discriminant pricing
Prosecuting intellectual property rights

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16
Q

What are indexes of the World Governance indicators?

A

Voice and accountability
Political stability absence of terrorism
Govt effectiveness
Regulatory quality
Rule of law
Control of corruption

17
Q

What are some ethical challenges facing international business?

A

Cultural differences
Corruption
Child labour
Poor working condition
Human rights violations
Environmental degradation
Consumer deception
Incomplete disclosure

18
Q

What are political risks associated with social media?

A

Voices and mobilization of masses
Dissemination of misinformation
Radicalization
Anti-democratic exploitation

19
Q

What are political risks associated with blockchains?

A

Anonymity
Cyber crime
Cyber security

20
Q

What are political risks associated with AI?

A

Marginalization/tribes/politics of exclusion
Displacement of workers

21
Q

What are some political risks associated with 3D printing?

A

Crimes
Guns

22
Q

What are some positive impacts of digital technologies on political systems?

A

Capability to monitor IPR
Greater government effectiveness
Greater government transparency
Greater political participation
Lower political campaign cost
Effective political campaigns

23
Q

What are some negative impacts of digital technology on political systems?

A

Misinformation
Tribalism
Polarization
Foreign interference
Cyber security risks

International Business (Midterm 1) (5 decks)

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