Economic and Political/Legal or Institutional Factors

Economic and Political/Legal or Institutional Factors

Consider the readings from Huntington, Khanna and Palepu, Anaya et al., World Bank, Porter etc.. in responding to this week’s prompt.

Free Markets are closely associated with economic freedom and a capitalist political philosophy. Similarly, few economists think that there are strong economic motivation for impediments to trade. Moreover, most firms embrace attitudes favorable to free trade. Please be sure to respond completely to the following questions.

1. Why do so many politicians advocate for trade barriers, especially since they are so costly to society? What are their motives for pushing for policies that defy economic logic. Who benefits from such politicking? What are the costs to society? Is it fair that consumers pay the price of protectionism?

2. Consider Huntington’s “Clash of Civilizations”. How do you see his observations reflected in current events? What are the implications this thinking in the context of Globalization?

3. 3. What are “institutional voids”. Is there a relationship between institutional voids and other characteristics, such as GDP, culture etc… in a particular society? What might explain these relationships? How might they be related to economic factors?

Initial Post

· Must be 300 to 400 words in length

· Be thoughtful and substantive

· Follow the guidance regarding sources in the syllabus.

· Respond to discussion prompt and demonstrate higher-order thinking (apply, analyze, synthesize, evaluate, examine, pose, or connect course concepts to marketing)

· Follow APA formatting and documentation guidelines when referring to course readings and other materials

· Use proper spelling, grammar, and punctuation

Response to Peers

Respond to at least two of your classmates. Each response should be:

· At least 150 words; must include more than one’s agreement or disagreement with another student’s post

· Reacting to classmate post and demonstrate higher-order thinking (challenge, connect, suggest, question, or expand the post of peers)

· Follow the guidance regarding sources in the syllabus.

· Follow APA formatting and documentation guidelines when referring to course readings and other materials

· Use proper spelling, grammar, and punctuation

Please do not submit a file for your post. Others must be able to view it and comment.

Examples of Initial post from other peers. I need to respond to each of these posts for my peer responses following the guidelines above.

Example main post 1 (needs peer response)

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Example of peer response under this post (I need something like this for peer review 150 words or more)

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Example Main post 2 (needs peer response)

Example of main post 2 ( needs peer response

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Example of peer response to this post ( need something like this but unique in 150 words or more)