Guide for all

  IMPACT OF POLITICAL ENVIRONMENT ON BUSINESSES     Many political decisions taken by ruling party have serious economic and business implications. In the past communists and other leftists favored state control and were against private capital, particularly foreign investment and international control over local business and property. On the other hand, USA allows and encourages private ownership. Important economic policies such as industrial policy, policy towards foreign capital and technology, fiscal policy and foreign trade policy are often political decisions. Therefore, a business manager must be familiar with the ideologies and past approaches of key political parties to analyze possible future policies of existing and forthcoming ruling parties.   The goal of any government is to run the country according to their respective ideology for the attainment of economic prosperity and political stability. The following are several ways in which political factors are aff