Convergence or Divergence of Global Political Economy
Overview and Insights
Political, economic, and legal systems
are like the tripod a country’s existence is standing on. Those systems, although each evolve like their own beast and at various rates, share similar roots. Each society’s structure, history, general belief system, moral structure, and national identity impact the type of political, legal, and economic system they formulate. Those systems affect the way people do business, interact in the marketplace, construct their contracts, interact with the outsiders, predict the outcome of current events, and manage their resources.
Failure by international business leaders and entrepreneurs to understand each of those three systems individually and their effect on each other as well as their mechanism collectively can result in complete business failure (and maybe serious liabilities and losses).
However, and like anything else, understanding the core mechanism of the political, economic, and legal systems in a given country can help business leaders avoid unnecessary challenges and also find new opportunities. The main idea is to be open minded while remaining realistic, respectful, and objective when assessing another country’s systems.
A Tale of Two Political Systems
Before diving into your research and analysis, review the following video to give you a different perspective about the evolution of globalization.
Review A tale of two political systems (
https://www.youtube.com/watch?v=s0YjL9rZyR0)
.a TED Talk by Eric X. Li. It’s a standard assumption in the West: As a society progresses, it eventually becomes a capitalist, multi-party democracy. Right? Eric X. Li, a Chinese investor and political scientist, begs to differ. In this provocative, boundary-pushing talk, he asks his audience to consider that there’s more than one way to run a successful modern nation.
Assignment Description
Pick two countries,
each one from a different continent (and preferably one from a developed region and one from a developing region) and perform a higher level (just key points without detailed explanation) comparison between the two nation’s political, economic, and legal systems. Highlight the key differences in each country’s political, economic, and legal systems. Also, based on the structure of political, economic, and legal systems in those countries, highlight the key risks and opportunities for doing business in those countries.
Narration: You are highly encouraged to narrate your PowerPoint slides and add your voice and energy to your presentation.
Slide Number Requirements
Create three to six slides, not counting the separate Title slide and the separate References slide.
Content Structure and Requirements
· Title page (slide)
· Title of the presentation
· Name of the author (your name)
· Email address of the author
· Class name
· Professor’s name
· Date
· Content Structure
·
Introduction slide: In your own words, briefly discuss the relationship between a country’s political, economic, and legal systems and how they shape doing business in that country.
·
Data: The Various Systems:
· Use data, graphs, facts, and figures, to describe each country’s political, economic, and legal systems (just key characteristics).
· Perform a high level comparison (side-by-side) of the three systems in each country.
Only state the differences in the political, economic, and legal systems.
·
Findings and Analysis: In your own words and based on your understanding of the three systems in each of the two countries, state the key risk and opportunity in each country. Basically, what is that one action, move, or consideration that an international business leader or operator
must avoid doing in that country (or must do) to succeed in that market?
·
Conclusion and Looking Ahead: Managerial Critical Thinking: Opinion: Based on what you have learned, state what industry, commodity, idea, business approach, or business market focus might be most appropriate to benefit from operating in that market based on your understanding of their political, economic, and legal systems.
Reference List
· Use at least two reliable sources to obtain facts, data, news, updates, graphs, and so forth.
· Cite all sources used. The references need to be in APA format.
PLEASE ADD TALKING POINTES IN NOTES SECTION FOR EACH SLIDE.
