ABSTRACT

This chapter compares and contrasts the types of businesses in the global economy. It contrasts United States business ownership and government-business relations with those in the European Union, China, and Japan. The chapter discusses who benefits and who pays the cost of protectionism. It describes the relationship between technology and productivity and the difference between production and productivity. The chapter also discusses the issues of managing technology. It lists natural environmental issues. The chapter includes how globalization affects business, society and government. It then discusses globalization concepts, the importance of globalization, and multinational companies. Today, businesses compete in changing complex environments that are now global and have changed the world, thus requiring adaptive strategies. Political systems include government laws and regulations of business, which vary with the type of political system. The chapter explores three primary political systems: democracy, single-party, and military dictatorship.