D270 FINAL DAVIS (SOCIAL SCIENCE; POLITICAL SCIENCE) STUDY GUIDE WITH COMPLETE SOLUTION!!

D270 FINAL DAVIS (SOCIAL SCIENCE; POLITICAL SCIENCE)
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