Characteristics of BEMs - ANSWERS-Physically large
-Significant populations
-Markets for a wide range of products
-Strong rates of growth
-Programs of economic reform
-Political importance
-Regional Economic Drivers
-As they grow, their neighbors do too
BEM definition - ANSWERSBig Emerging Market
, List of BEMs - ANSWERSArgentina, Brazil, China, India, Indonesia, Korea, Malaysia, Mexico, Philippines,
Poland, South Africa, Taiwan, Thailand and Turkey
BRICS - ANSWERSBrazil, Russia, India, China, South Africa
What are the multinational market groups? - ANSWERSFTA, customs union, common markets, and
political/economic unions
Political risks of global businesses - ANSWERS-Confiscation
-Expropriation
-Domestication
-Political Sanctions
-Economic Risks (tax, price, and exchange control, import restrictions, content laws and labor problems)
Reducing Political Vulnerability - ANSWERS-Good corporate citizenship
-External affairs
-Political Payoffs
-Strategies: Joint Ventures, Investment Base Expansion, Licensing, Marketing and Distribution, and
Planned Domestication
Bases for the Legal System - ANSWERS-Common Law
-Civil Law
-Islamic Law
Common Law - ANSWERSAuthority of past judicial decisions
Civil Law - ANSWERSStructural concepts and principles of the Roman Empire
Islamic Law - ANSWERSBased on sharia - a code governing Muslim conduct
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