The political, economic, cultural, and legal systems of a country all have a significant impact on the level of economic development; and therefore, on the attractiveness of a country for firms, domestic and international. These systems are interdependent; it is important to realize that the interplay between the political, economic, legal, and cultural structures of a country greatly affect the level of economic well-being. In addition to these systems, it is important for a country to work toward the globalization of its economy.
The political system shapes the economic and legal systems of a country. There are two key dimensions of a beneficial political system that advocates free market economics: a philosophy based on individualism and a representative democratic government. Individualism urges that the individual economic and political freedoms are the foundation on which a society is built. It is important to emphasize that the U.S. government guarantees individual......

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Title: Eonomic Growth
Approximate Word Count: 703
Approximate Pages: 3 (250 words per double-spaced page)

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