STUDY GUIDE WITH COMPLETE SOLUTION!!
Economic freedom leads to
answers: Higher standard of living
Why study the economic environment?
answers: Economic systems shape a market
Better investment choices
Operating decisions
Policy decisions
Better returns / less risk
Developed Economies
answers: Efficient capital movement
Stable institutions
Infrastructure
International trade and investments
Technology
Higher economic freedom
Higher political freedom
Rule of law
Developing Economies
,answers: Uneven
Corruption
Lower incomes
Resistance to foreign ownership
Lower literacy levels, poverty
Lower economic freedom
Lower political freedom
Rule of man
Emerging Economies
answers: Accelerating growth
Modernizing
Market liberalization
Exports
FDI
Middle class, expanding consumption
Pro business
Higher economic freedom
Higher/unchanged political freedom
Moving towards rule of law
Lower cost resources
Productive labor
G20 Countries
, answers: Premier international forum for global economic cooperation
86% of world economy
78% of global trade
66% of world's population
More than half of world's poor
Some emerging countries
Commonalities of Big Emerging Markets (BEMs)
answers: Territory
Population
Natural Resources, Increased consumption
Liberalization - FDI
Infrastructure needs
Aspirations of technological leadership
Political influence
Emerging Economies at a glance
answers: Almost 6 billion people
Account for 50% of global GDP
Account for 50% of global exports
Contributed to huge reduction in global poverty