From an international HR perspective,the economic system is one determinant of the way in which HR programs and practices are used.

Question

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The economic system of a country has a significant impact on HR programs and practices. For example, in countries with a socialist economic system, HR policies may focus on employee welfare and job security, while in capitalist economies, emphasis may be placed on individual performance and pay-for-performance schemes. Therefore, the economic system plays a crucial role in shaping HR policies and practices on an international level.

From an International HR Perspective,the Economic System Is One Determinant