Governments’ influence over trade and economies should not be underestimated. You may see some connections between culture and political ideologies, which can have positive and negative effects. Let’s dive into the political and legal environment for India.
Using The World Factbook and current news reports, identify the following elements of government:
Government type
Political leader(s)
Political pressure (or opposition) groups
Recent changes in governing rule
Other risks include corrupt practices, which are also heavily influenced by culture. Use Transparency International to identify three measures of corruption. Consider a review of the following:
Corruption Perception Index
Enforcement
Bribery measures
Discuss what these political risks mean for businesses. What challenges or opportunities might an organization recognize with regard to the government and corrupt practices in the region? How can an organization protect against these risks and prepare management for issues they might face?