Janet Morrison

The Political and Legal Environment

− To learn how differing types of political system function, in terms of governmental processes, societies and business interactions. − To gain a critical appreciation of democracy’s progress in differing national environments. − To assess political risk, both internally and internationally. − To appreciate the nature and significance of diverse national legal systems, as well as their interactions with both regional and international legal frameworks. − To assess legal risk for international managers, including both national and international implications.

The Global Economic Environment

Its goal is to develop a solid understanding of the external, economy-wide factors that affect the performance and management of firms in todays global economy. Some of the questions that we examine include: Why are some countries doing so much better than others? What leads to persistent inflation and how can hyperinflation arise? What are the causes and consequences of global imbalances? What determines exchange rates? What are the causes of business cycle fluctuations and what are their implications for financial markets? What is the role of fiscal and monetary policy?

The Business Enterprise in the International Environment

 Learning objectives: − To highlight the ways in which the international dimension in business activities is distinctive from national and local enterprises − To appreciate the role of the entrepreneur and entrepreneurship in the international environment − To gain an overview of the ways in which enterprises organize and adapt when they expand internationally − To gain an understanding of the key players in the international environment with which businesses interact