Introduction to Global Business
whereas macro-political risks include the political risks that fundamentally influence all businesses in a certain nation. Political risks in tandem with global terrorism has given rise to the Terrorism Risk Insurance Act that covers business against risk of terrorism. Another aspect of global business is corruption. This is a circumstance where businesses are capable of unlawfully changing pertinent public or private decision making through bribery, extortion and blackmail. Public corruption encompasses making such unlawful payments to government whereas private corruption incorporates business corruption that encompasses individuals and private businesses. The legal setting takes into account the civil, common and theocratic law legal systems. Some of the types of laws include tax,… Continue Reading...
