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GMS 522 (43)
Chapter 4

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Department
Global Management Studies
Course
GMS 522
Professor
Helene Moore
Semester
Fall

Description
Fact :  Group of 5 : US, Britain, France, Germany, Japan  Group of 7: + Italy, Canada Definition :  Organization of Petroleum Exporting Countries (OPEC) : Algeria, indonesia, Iran, Iraq, Kuwait, Lybia, Nigeria, Qatar, Saudi Arabia, UAE, Venezuela  Market Characteristics: Population - Asia holds over half of the world’s population - China and India is 70% of Asia - US population is 10 times bigger than Canada - Urbanization: the definition is different from country to country Income - Per capita GNP is often used as a primary indicator for evaluating purchasing power - Very low family income (Cameroon), very low and very high family income (Mexico), low medium high family income (Portugal), mostly medium family income (Denmark) - Purchasing Power Parties (PPP)
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