Essay About Political Economy Influence And Economic Developmentgdp

Review for Midterm
Review for the midterm 10 true/ false40 multiple choice-chapter 1Globalization definition-Facets of globalizationGlobalization of marketsGlobalization of productionWhat is driving globalization?Why do we need Global Institutions?-CHAPTER 2political economyeconomic SystemsOLIGOPOLY: if in the industry theres a lot of firms that control the market shareDifferent types of legal systemsProperty rightsThe protection of intellectual propertyIntellectual property lawsCHAPTER 3-Differences in economic developmentGDP: who owns the factory, revenue make it for productions is the gdp, -How does political economy influence economic progress?-how is the political economy changing?-What is the nature of economic transformation?-How can managers determine a market’s overall attractiveness?Weight the benefits and the costs and analyze if its way too risky to enter the country.Look at the benefits, how big is the market and the economy growthCosts would be the form of production, lack of in structure they did not find the quality of products they liked.Legal costs: do u want a license in the country Risk: economic risk would be if the money policy is not in place , it would affect the economy investment.CHAPTER 4Culture: What determines cultureWhat is social structure?What do cultural differences mean for mangers?Chapter 6Trade theories-comparitive effect: The heckscher ohlin-Ne trade: they focus of two new things Economies of scale: when firm is so large , so the firm can achieve  unique cost production. Alternative explanations of trade patterns.