ACCTG 1 Lecture Notes - Lecture 18: Aggregate Demand, Deflation, Hindustan Unilever
Document Summary
Consider this bleak vision of the world 15 years from now: Global economy growth remains anemic ; deflation continues to threaten ; gap between rich and poor widens ; economic chaos ; governmental collapse ; civil war ; terrorism ; multinationals can"t expand and become risk averse, slowing investment. Economies of developing regions grow ; creating jobs and wealth ; prosperity around the world ; Decrease in poverty ; social benefits ; reduced conflicts, terrorism and war ; multinationals expand rapidly. Both of these scenarios are possible, and which one will happen is determined by the willingness of big, multinational companies to enter and invest in the world"s poorest markets. Of course they won"t solve the economic ills of developing countries by themselves, but will also take targeted financial aid from the developed world and improvements in the governance of the developing nations themselves.
