GMS 724 Chapter Notes - Chapter 3: Deflation, Aggregate Supply, Planned Economy

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 724
• Professor: Lori Anne Heckbert

Document Summary

Emerging economies are reinvesting systems of production and distribution as well as experimenting with entirely new business models. Countries have different levels of economic development, performance, and potential. Economic and political changes alter market circumstances. Besides assessing the foreign markets in which they operate, managers monitor those in which they do not; globalization connects countries, and a change in one country has consequences in others. The rise of emerging economies distorts traditional economic indicators. Free market reforms increased investment, consumption, employment, and wealth. The world bank identifies 208 discrete economic environments in the world today. Improving decisions depends on assessing the development, performance, and potential of an economy. Assessments are often more conditional than universal because: straightforward classification: complexity of even simplest economic system defies, marketplace dynamism means that today"s valid measures may, the consequences of connections is an integrated system of.