QUESTIONS AND CORRECT ANSWERS
Poor vs rich video - CORRECT ANSWER countries earning $3 a day
Rich=less corrupt
Poor communities follow clans (going to pick their family)
Culture can also make poor (less people believe=richer)
Geography (hotter areas=poorer)
Why economic environment - CORRECT ANSWER economic systems shape a market
Better investments
Operating decisions
Policy decisions
Better returns
Developed economies - CORRECT ANSWER money anywhere
Stable institutions (911)
Technology
Higher economic and political freedom
Rule of law
Developing economies - CORRECT ANSWER don't take money if isn't countries
currency
Corruption
Limited foreign ownership
Struggles to read and write, poor hygiene
Lower economic and political freedom
Rule of man
, Emerging economies - CORRECT ANSWER accelerating growth
Modernizing (adding wifi, fixing railroads)
Taking down barriers for businesses to come in
Focusing on selling things elsewhere
Want to be invested in
Buy more things -> more workers
Striving for economic and political freedom
G21 - CORRECT ANSWER invited Africa
Over 86% of the world economy
Premier international forum for global economic cooperation
BRICS - CORRECT ANSWER Brazil, Russia, India, China, South Africa
Voice of emerging economies
Welcoming in oil countries
Bems (big emerging markets) - CORRECT ANSWER liberalization
Infrastructure
Aspirations of technology
Political influence
China Video - CORRECT ANSWER want to be worlds largest economy
5th worlds GDP
Double amount of transportation than Europe
Almost 90% of GDP
Degree of economic freedom - CORRECT ANSWER initiative
Effort