[GMS 400] - Final Exam Guide - Everything you need to know! (69 pages long)

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 400
• Professor: Dale Carl

Document Summary

One of 5 communist countries remaining in the world, including vietnam, laos, cuba, and chine (which is in transition to a more open system) >economy is state planned ( demand economy ) where the government decides what will be produced, how much, when, and by whom (usually state owned companies) >citizens cannot leave the country without permission (because they would not return) >pros- the leader gets everything he/she wants, they have tremendous health care, and really good education. >cons: not much freedom, they don"t have access to much information, the people there have no hope, nothing to look forward too. It is a part of the un treaties for members that sign it. There are two important aspects of the treaty: 1) designed to share peaceful nuclear technology (medical technologies, etc. 2) prohibits sharing nuclear weapons technology- parts that can be used in nuclear programs, etc.