GEB 3375 Chapter Notes - Chapter 10: Offshoring, Corporate Social Responsibility, Planned Economy
Document Summary
New global challenger firms leverage local advantages (such as low cost labor and superior skills) to compete successfully around the world. 14% of word population/ (cid:1152) of world gdp, over world trade products, world trade in services. Technology- knowledge and application of tools, techniques, systems and methods of organization to serve industry science and the arts. Advanced economies - post industrial countries characterized by high per-capita income, highly competitive industries and well developed commercial infrastructure. Developing economies- low income countries characterized by limited industrialization and stagnant economies. Sometimes called underdeveloped countries or third world countries. Contribute the least to world gdp/ low incomes ((cid:1151) less than a day) 95% of world"s aids victims are found in developing economies. Emerging markets- former developing economies that have achieved substantial industrialization, modernization and rapid economic growth since the 1980"s economic aspirations. Largest are brazil, russia, india & china (bric) Rapidly improving living standards and a growing middle class with rising.
