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Chapter Outline
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National Differences in Political Economy

Opening Case
Chavez's Venezuela

Introduction

Political Systems
Collectivism and Individualism
Democracy and Totalitarianism
Economic Systems
Market Economy
Command Economy
Mixed Economy
Legal Systems
Different Legal Systems
Differences in Contract Law
Property Rights and Corruption
Country Focus
Corruption in Nigeria
The Protection of Intellectual Property
Product Safety and Liability
Management Focus
Starbucks Wins Key Trademark Case in China

The Determinants of Economic Development
Differences in Economic Development
Broader Conceptions of Development: Amartya Sen
Political Economy and Economic Progresss
Geography, Education, and Economic Development
States in Transition
The Spread of Democracy
The New World Order and Global Terrorism
The Spread of Market-Based Systems
The Nature of Economic Transformation
Deregulation
Privatization
Country Focus
Building a Market Economy in India
Legal Systems
Implications of Changing Political Economy

Implications for Managers

Chapter Summary

Critical Thinking and Discussion Questions

Research Task

Closing Case
Indonesia—The Troubled Giant





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