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International Management - Chapter 3 & 4
N/a
22
Business
Undergraduate 4
01/23/2012

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Term
civil strife
Definition
citizens' response to percieved deprivation, generally through discontent and anger, but not necessarily (think gandhi).
Term
coercive potential
Definition
to what extent a government is effective at disciplining it's people.
Term
facilitation
Definition
the social and structural conditions in a country which might promote the outbreak and persistence of strife. Think twitter.
Term
institutionalization
Definition
the extent to which societal structures beyond the primary level are broad in scope, command substantial resources and/or personnel, and are stable and persisting. The provide alternate ways for a citizen to gain satisfaction and they provide citizens with outlets to channel their dissatisfactions and anger in a nonviolent manner.
Term
macro risk
Definition
risks which could effect the whole spectrum of firms and businesses operating in a host country.
Term
micro risk
Definition
risks of a specific action against a specific company by a group or government.
Term
OPIC
Definition
This stands for the Overseas Private Insurance Corporation. It's a state agency which offers U.S. firms low interest rate funding as well as insurance for operations in many emerging and lesser developed countries.
Term
perceived relative deprivation
Definition
the cirizens' perceptions of discrepancy between the goods and conditions of the life to which thei velieve they are justifiable entitled and the amounts of those goods and conditions that they think they are able to get and keep.
Term
political forces
Definition
different participant groups in a political system. It is the players in a society influencing the authoritative decisions of the government in power.
Term
political system
Definition
a system with a set of stakeholders each with their own aspirations and goals, who's conflicting aspirations with other stakeholders in the system need to be managed in some way (i.e. managed via a government).
Term
proactive hedge
Definition
a firms attempts at controlling political risk through various strategic and operational actions.
Term
reactive hedge
Definition
a firm's response to a political risk through an action. this raises costs but limits exposure.
Term
regime legitimacy
Definition
the extent of influence a government has to make and enforce authoritarian decisions.
Term
civil law
Definition
A comprehensive set of written codes or rules of law which have been stated in general terms. These codes are then applied to specific cases as they arise because civil law recognizes that business problems are often unique and consequently need special status under the law.
Term
common law
Definition
this form of law is based on tradition and legal precedents forumulated by past court rulings, statutes, and government decrees.
Term
FCPA
Definition
Stands for the Foreign Corrupt Practices Act. A U.S. law which prohibits American companies from making corrupt payments to foreign officials for the purpose of obtaining or keeping business.
Term
intellectual property rights
Definition
law which prevent the theft of proprietary information or intellectual capital.
Term
international customs
Definition
habitual patterns of behavior that evolve over a number of years to reach the level of obligatory rules which govern how nations and their subjects interact with one another (think an international precedent for doing business).
Term
international law
Definition
a set of nomrs prescribing patterns of behavior, including illegal conduct, which is enforced usually through a series of sanctions.
Term
international treaty
Definition
an international agreement between states in written form and governed by international law. Can be bilateral or multilateral or called a convention, agreement, protocol, or declaration.
Term
islamic law
Definition
a legal system and nature of laws which are based on the Koran. A.K.A. SHARI'AH.
Term
Madrid Protocol
Definition
a law signed by GWbush in 2002 which provides and international system for registering trademarks. It provides at a discount and makes it easier for companies with a registered trademark in one country to extend this trademark to other member countries.
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