MAR 4156 Lecture Notes - Lecture 9: Jet Lag, Time Signature, Market Structure
Document Summary
Of the three kind of distances: miles, time zones, and culture. The common time zones give the europeans advantages in both africa and middle east. Latin america and other e erving markets will account for 75% of world"s total growth in two decades beyond. Transition from socialist to market driven economies. The liberalization of trade and investment policies in different countries. Argentina, brazil, mexico, china, south korea, poland, turkey, india, and vietnam are emerging as vast markets. Economic development: generally understood to mean an increase in national production reflected by an increase in the average per capita gross domestic product or gross national income. The un classification has been criticized because it no longer seems relevant in the rapidly industrialized world. Many countries that are classified as ldcs are industrialized at a very rapid rate. Economic expansion and industrialization and do not exactly fit as ldcs or mdc. These countries have shown rapid industrialization of targeted industries.
