Public Organizations: It's Role in Economic Development & Globalization Flashcards
An institution that holds the exclusive power to enforce certain rules of social conduct in a given geographical area.
Government
Operate within the context of a political and economic system; affected by the types of government in play.
Businesses
Can directly affect organization’s capacity to generate profits.
Government
Refers to the political system of a country.
Political Environment
5 Economic Risks
- Restriction on the exchange or transfer of give foreign currency.
- Devaluation of currency.
- Human Resource and Labor Relations.
- Inflation
- Corruption
5 Ways to improve the Economic System
- Privatization
- Deregulation
- Property Rights
- Fiscal and Monetary Reform
- Antitrust Legislation
Government as a Limiting Factor to Globalization (9)
- Tax Administration and Collection
- Economic Policies
- Public Policy and Spenidng
- Labor and Migration Policies
- Licenses and business permit issuance
- Import and Export Administration
- Treaty and International Agreement
- Foreign Ownership of Local firms and industries
- Intellectual Property Rights Enforcement
Government Approaches to International trade
- Protectionist/Isolationist
2. Open/Liberalized
Tool that gives the government a wide ranging options in its choice to promote trade.
Taxation
Agreement between or among nations within an economic bloc to reduce and ultimately remove tariff and non-tariff to the free flow of products, capital, and labor across the bloc.
Economic Integration
Effective policy measures that promote Globalization of businesses.
- Good Governance
- Competitive Markets
- Property Rights
- AntiCorruption Policies
It can be micro or macro in nature.
Political Risks
When businessmen or investors perceive a country, in general, as dangerous or terror.
Macro
When businessmen or investors perceive a region as dangerous or terror.
Micro
It can be in a form of public or private corruption.
Corruption
