GMS 724 Chapter Notes - Chapter 3: Genuine Progress Indicator, Capital Account, Gross National Income

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 724
• Professor: Howard Lin

Document Summary

Introduction: managers study a country"s economic environment to assess its development, explain its performance, and, managers track changes, evaluating events and trends. Studying an economic environment helps managers make better investment choices and operating decisions technology, trade, competition, consumer attitudes, and cross-border relationships. The scope of the connections among these conditions spurs mnes to examine them as individual and interdependent factors. The forces driving globaization, explained how an economic environment responds to. The consequence of connections is an integrated system of markets in which actions in one influences outcomes in others. Economic freedom holds that people have the right to work, produce, consumer, save, and invest in the way that they prefer. The economic freedom index estimates the extent to which a government constrains free choice and free enterprise for reasons that go beyond the need to protect property , liberty, safety, and efficiency adam. Table 3. 1 dimensions of the economic freedom index.