India Transformation Essay examples

9100 Words Mar 18th, 2013 37 Pages
National Differences in Political Economy

Chapter Outline

OPENING CASE: India’s Transformation



Collectivism and Individualism Democracy and Totalitarianism


Market Economy Command Economy Mixed Economy


Different Legal Systems Differences in Contract Law Property Rights and Corruption Country Focus: Corruption in Nigeria The Protection of Intellectual Property Management Focus: Starbucks Wins Key Trademark Case in China Product Safety and Product Liability


Differences in Economic Development Broader Conceptions of
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The first half of the chapter focuses on the different political, economic, and legal systems that are influential in the world. It is made clear to the reader that these differences are significant, and must be clearly understood by the managers of international firms. The section that focuses on legal systems includes a discussion of intellectual property, including patents, copyrights, and trademarks. Protecting intellectual property is a particularly problematic issue in international trade. The second half of the chapter focuses on the determinants of economic development. The author makes the point that a country’s political, economic, and legal systems have a direct impact on its economic potential. The importance of innovation, along with the types of systems that facilitate innovation, is discussed. Next, the author discusses the parts of the world that are transition from one political-economic ideology to another. Finally, the chapter ends with a discussion of the managerial implications of differing political, economic, and legal systems of a country.

Opening Case: India’s Transformation


The opening case explores describes the changes in India’s political economy since the country gained independence from Britain in 1947. Until the early 1990s, India followed a mixed economy

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