BackgroundWe live in a global world, characterized by relationships, interdependencies, and collaborations between nations for various reasons – from exercising economic power to promoting environmental awareness. Globalization exposes us to an unmatchable diversity of national political, legal, cultural, and economic systems we need to understand in order to be effective leaders in the global economic environment we live in today. The purpose of this blog series of assignments is to prepare you to do a thorough research on a country to understand how it is positioned in the global economy, what are the countrys strengths and weaknesses, and what opportunities for collaboration it offers.SummaryResearch the political, economical and legal systems of Australia. Next, describe each of the systems, support your research findings with academic sources as well as with visual sources, and make a conclusion about the countrys strengths, weaknesses and opportunities.DirectionsDescribe the political system of the country of your choice.Provide a definition for the political system.Provide evidence for how the political system in the country works.Support your narrative with at least one academic source and at least one visual source (picture or video).Describe the economic system of the country of your choice.Provide a definition for the economic system.Provide evidence for how the economic system in the country works.Share one recent news about the economic status of the country.Support your narrative with at least one academic source and at least one visual source (picture or video).Describe the legal system of the country of your choice.Define the main type of legal system in the country (Common Law, Civil Law or Theocratic Law).Describe two existing laws in the country that might affect its global operations.Support your narrative with at least one academic source and at least one visual source (picture or video).Write a conclusion about the insights you gained into your research country.Identify at least one weakness of the country based on its political, economical and legal systems.Identify at least one strength of the country based on its political, economical and legal systems.
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