GMS 522 Lecture Notes - Lecture 4: Big Mac Index, World Economy, Infant Mortality

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 522
• Professor: Helene Moore

Document Summary

The evaluation of economic variables that relate to the actual size and nature of the market(s) The analysis should utilize a wide range of economic criteria. Initial screening should be done efficiently but should also be very thorough. Major developing debtor nations: argentina, brazil, colombia, egypt, peru, etc. Group of five: united states, britain, france, germany, japan. Big emerging markets: china, india, mexico, indonesia, etc. Gdp (gross domestic product): the market value of all officially recognized final goods and services produces within a country in a given period. Goods and services in different countries have to be valued consistently if the differences are to reflect real differences in the volume of goods produced. Ppp shows how many units of a certain currency are needed in a specific country in order to buy the amount of goods and services that one unit of currency will buy in another country.