Chapter 2 Outline
Brazilian Privatization
Introduction
Political Systems
Collectivism and Individualism
Democracy and Totalitarianism
Economic Systems
Market Economy
Command Economy
Mixed Economy
State-Directed Economy
Legal Systems
Property Rights
The Protection of Intellectual Property
Product Safety and Product Liability
Contract Law
The Determinants of Economic
Development
Differences in Economic Development
Political Economy and Economic Progress
Other Determinants of Development: Geography and Education
States in Transition
The Spread of Democracy
Universal Civilization or a Clash of Civilizations?
The Spread of Market-Based Systems
The Nature of Economic Transformation
Implications
Implications for Business
Attractiveness
Ethical Issues
Chapter Summary
Discussion Questions
General Electric in Hungary
Notes
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