MGCR 382 Study Guide - Final Guide: Lorenz Curve, Remittance, Social Stratification

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Document Summary

Central europe, and south american countries: sources of innovation: csa"s and fsa"s for emerging markets, examine china as a major marketplace and business center in the world economy. Investment; synergies between foreign mne"s, and chinese firms; outward fdi; government role: late industrialization perspective on south east asian. Countries: understand implications of china"s and india"s massive scale and growing role in the global market place (positive and negative) Globalization can bring about economic growth and prosperity. Globalization can weaken the power of nation governments to regulate their economies and societies. Shifting manufacturing to low-wage countries drives the cost of unskilled labor down and also decreases global purchasing power. The actors (individuals, communities, firms, regions, countries, formal institutions, ngos), and realms (economics, firms, countries, resources ) Individuals live in global environments, purchase goods from all over the world and communicate and work without being restrained by physical distance.

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