1- How do institutions reduce uncertainty?

2- Discuss and compare the three pillars (regulatory, normative, and cognitive)

3- Compare formal and informal institutions.

4- On what is the institution based view of global business grounded? What core propositions

lie at the root of this view?

5- How is global business affected by democracy?

6- How is global business affected by totalitarianism?

7- What are the differences between democracy and totalitarianism?

8- Explain the core features of civil, common and theocratic law? How do they compare?

9- What is a property right? In what way are property rights essential?

10- What is an intellectual property right?

11- Contrast the market, command, and mixed economy types.