Legal Systems Flashcards
1
Q
The three branches
A
-Executive
- Judiciary
- Executive
2
Q
Which is the Business and Trade Legal system?
A
Civil & Commerical Law
3
Q
The rule of man (….. systems)
The rule of law (…… system)
A
totalitarian
democratic
4
Q
Political-legal risk & governance indicators
A
Quality of governance
Economic Freedom Index
Doing Business Index
5
Q
Risk & Distance (Trade)
A
lack of trust & property rights
6
Q
Risk & Distance (Market Selecteion & FDI)
A
higher corruption & unstable system leads to less FDI inflows
7
Q
Risk & Distance (Entry Mode)
A
lower commitment & lower risk type
8
Q
Risk & Distance (Performance)
A
lack of information on how to do Business
9
Q
Political Risk Management Types
A
-reactive/defensive
-active
-proactive
