WEEK 4 review

Politics & International Business

1 - Economy + Culture = Politics, meaning that when there are assets and a group of people there is then need for an authority.

2 - Nation states have a variety of different political styles from monarchy to republic.

3 - "Foreign policies" are the ways that nation states choose to relate to one another.

4 - Nation states have authority over business

-use of national currency dictates taxes

-use of import/export submits to customs

-nation states can create embargoes that limit business

5 - Nation states can help business

-incentives and tax breaks, often for science and technology compliance

-listening to lobbyists from businesses

-conflict resolution with nations and businesses

-aid and in worst cases, bail outs

The Black Market

1 - Most nation states have goods that are legal but considered unethical, or may be illegal elsewhere, including tobacco, alcohol and firearms

2 - The black market is a lawless economy of mostly illegal goods controlled by organized crime.

3 - Illegal business by organized crime is called racketeering. The use of force to create fear and maintain power is called extortion.

4 - Counterfeiting is lead by organized crime and includes logo alteration and product substitution.

5 - International Business scandals occur whenever an illegal business is identified by authorities and the nation state is also held accountable.

NGO's

1 - Non-profits, non-governmental organizations or civil society organizations all describe businesses that operate by government and private donation.

2 - NGO's do not depend on consumers but on donors

3 - Corporations commonly partner with NGO's or sponsor events for mutual advantage

4 - The United Nations/UN and the United Nations Education Scientific and Cultural Organization/UNESCO are global independent bodies that support peace and in some instances have authority over businesses such as international intellectual property

Technology

1 - Technology is simply applying knowledge to a material to create a tool

2 - The technology industry includes many businesses from airplanes to pharmaceuticals

3 - Internet technology boomed in the 1990's and continue to dominate the tech market

4 - Digital Rights Management/DRM is the right for companies to lock or scramble digital material to prevent copying and is upheld in the US by the Digital Millennium Copyright Act.

5 - The Organization for Economic Cooperation and Development/OECD is an agency that is suggesting global standards for all technology and international businesses

Media & Advertising

1 - Media are simply the tools to communicate. The term is also used to describe news journalism.

2 - Global media can be interpreted by

-identifying the language, includes technology format

-recognizing the mode of address

-understanding the basic content

-understanding motives and values

3 - Advertising is most often created by agencies that use certain strategies such as emotional appeal to basic needs or star power associations, among many more

4 - Global advertising tries to be wordless and appear responsible to humanity