Multinational corporate leaders managing in the fragmented marketplace must be knowledgeable about the world’s various political systems to nimbly adapt their companies to the preferences of governments, regulators, and global policymakers where they operate. The field of international relations offers five views of the structure of the global political environment: New Realism, Hegemony, Institutionalism, Liberalism, and Postmodern Anarchy. Each is accurate in its own way, each suggests a different strategic approach to international expansion, and each fits best with a different set of companies.
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