MARK 462 Study Guide - Midterm Guide: Fax, Francis Fukuyama, Colin Powell
5 May 2017
School
Department
Course
Professor
Document Summary
Country has moved toward becoming a functioning democracy. Economy is being liberalized to allow for greater free enterprise. Foreign investment is now encouraged: long-term consequences of such reforms include : Adjust by purchasing power to account for differences in the cost of living. Black economy - usually untraceable and untenable, business dealings that are not re ected in a country"s gross domestic product (gdp) computation: india is a case of black economy. Gni & ppp gives a static picture of development. Gross domestic product (gdp) - rate of growth in a country: even if india and china are poor countries their economy are large i absolute terms an growing far more rapidly than those of many advanced nations. Poor economic opportunities as well as systematic social deprivation. Hdi is based on three measures : life expectancy at birth, educational attainment. !2: whether average income, based on ppp, are suf cient to meet the basic needs of life.
