Summary

This document discusses economic development, including classifying countries, national production, and political risk. It also explores economic transitions, highlighting factors like managerial expertise and capital shortages.

Full Transcript

Chapter 5: Economic Development Economic Development Classifying Countries Advanced (Developed) Countries Emerging Markets Developing Countries National Production Uncounted Transactions Question of Growth Problem of Averages Pitfalls of Com...

Chapter 5: Economic Development Economic Development Classifying Countries Advanced (Developed) Countries Emerging Markets Developing Countries National Production Uncounted Transactions Question of Growth Problem of Averages Pitfalls of Comparison Purchasing Power Parity Human Development Political Risk Conflict and Violence Property Seizure Government Policies Managing Political Risk Adaptation Information Gathering Political Influence International Relations The United Nations Economic Transition Transition Obstacles Managerial Expertise Shortage of Capital Cultural Differences China’s Economic Transition: State capitalism. Chinese Patience and Guanxi China’s Challenges Russia’s Economic Transition Russia’s Challenges

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