POLITICAL MOTIVES ON BUSINESS Flashcards
a law that forbids US companies, subsidiaries, or citizens from bribing government officials or political candidates worldwide (except when a person’s life is in danger).
Foreign Corrupt Practices Act (FCPA)—
constitutes “anything of value”—money, gifts, and so forth—and cannot be given to any “foreign government official” empowered to make a “discretionary decision” that may be to the payer’s benefit.
bribe
Structures, processes, and activities by which a nation governs itself.
political system
naturally influence each other. A country’s political sys tem inspires and endorses its legal system, and its legal system legitimizes and supports its politi cal system. And a country’s legal system and political system are rooted in the history and culture of its people
Political systems and legal systems
Political system in which individuals govern regardless of the people’s support, tightly control people’s lives, and do not tolerate opposing viewpoints.
Totalitarianism
An individual or group forms the political system without approval of the people. Leaders often acquire and retain power through military force or fraudulent elections. In some cases, they come to power through legitimate means but then remain in office after their terms expire.
Imposed Authority -
Guarantees Totalitarian systems deny citizens the constitutional guar antees woven into the fabric of democracies. They limit, abuse, or reject concepts such as free dom of expression, periodically held elections, civil and property rights, and minority rights.
Lack of Constitutional
Political representation is limited to parties sympathetic to the government or to those who pose no credible threat. In most cases political opposition is completely banned and political dissension is severely punished.
Restricted Participation
- Political system in which a country’s religious leaders are also its political leaders.
Theocracy
- Political system under the control of totalitarian religious leaders.
theocratic totalitarianism
Political system that believes social and economic equality can be achieved only by establishing an all-powerful Communist Party, violently seizing control over economic resources, and eliminating political opposition.
Communism
Political system in which government owns and controls all types of economic activity to achieve social and economic equality.
Socialism
Political system in which one ethnic group imposes its will on others with whom it shares a national identity.
tribal totalitarianism
Political system in which a government grants few (if any) political freedoms and endorses private ownership of property and a market-based economy.
right-wing totalitarianism -
Political system in which government leaders are elected directly by the wide participation of the people or by their representatives.
Democracy
Democracy in which citizens elect individuals from their groups to represent their political views.
representative democracy
Structure and processes that a country uses to allocate its resources and conduct its commercial activities.
economic system
economy Economic system in which the government owns a nation’s land, factories, and other economic resources and plans nearly all economic activity.
centrally planned economy
