International Business Essay
Discuss the economic, political, legal and cultural factors in the Macro environment and the supplier, customer and competitor factors in the Micro environment you might need to consider when reviewing new international markets prior to entry.
1. The political system of a country shapes its economic and legal systems. Therefore, we need to understand the nature of different political systems before discussing economic and legal systems. By political system we mean the system of government in a nation. Political systems can be assessed according to two dimensions: 1. The degree to which they emphasize collectivism as opposed to individualism. 2. The degree to which they are democratic or …show more content…
3. The legal system of a country refers to the rules, or laws, that regulate behaviour along with the processes by which the laws are enforced and through which redress for grievances is obtained. The legal system of a country is of immense importance to international business.
Three main types of legal systems-or legal tradition-are in use around the world: common law, civil law, and theocratic law. 1. Common law（习惯法，或者不成文法）The common law system evolved in England over hundreds of years.it is now found in most of Great Britain’s former colonies, including the United States. Common law is based on tradition, precedent, and custom. 2. Civil law（民法或者成文法）A civil law system is based on a detailed set of laws organized into codes. 3. Theocratic law（神权法律）A theocratic law system is one in which the law is based on religious teachings.
The difference between common law and civil law