Which of the following is an implication of the global changes in political and economic systems for international business?
A)The ideological conflict between collectivism and individualism is less in evidence today.
B)Adoption of Western ideology is declining worldwide.
C)The global tide has been running in favor of command economies and totalitarian dictatorships.
D)Free markets and democracy are being replaced by mixed economies and communist governments.
E)Liberalization and privatization of state-owned enterprises has been losing popularity.

Question

Quizplus · Accepted Answer

The global changes in political and economic systems have led to a decrease in the ideological conflict between collectivism and individualism, as many countries have adopted a mixed economy model that integrates elements of both ideologies. This has implications for international business, as companies need to understand and adapt to the economic and political systems of the countries they operate in.

Which of the Following Is an Implication of the Global