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(a) Discuss TWO major advantages and TWO weaknesses of HDI.

(b) Explain how differences in property rights institutions led to sustained differences in economic outcomes.

(c) Briefly describe the four major classes of theories of economic development.

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Joshua Stredder
Joshua StredderLv10
28 Sep 2019

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Related questions

2. How would an increase in capital goods, holding the size of the labor force constant, help to make workers more productive and increase economic growth?

3. Explain how a technological advance can contribute to economic growth.

4. Why do institutions such as private property rights promote economic growth?

Go to the United Nations Human Development report website: http://www.undp.org/content/undp/en/home/librarypage/hdr/2014-human-development-report/

Briefly describe what is the human development index (HDI).

Scroll to the bottom of the webpage and choose three countries from the list of the 2014 Human Development Index.

For each of the three countries selected, find the real GDP per capita of 2013, life expectancy, and education attainment, and briefly describe how those numbers are calculated, or what they stand for.

In your opinion, which country would be best to live in? Explain.

In your opinion, what is a better indicator of standard of living: real GDP per capita, life expectancy, or educational attainment?

Can you please help me with those questions based on :

BASICS OF INTERNATIONAL BUSINESS,

James P. Neelankavil and Anoop Rai,

2nd edition, 2013, Sheron Enterprises.

Ā 

1.Define International Business. List all different forms or types of International Business? Briefly explain any two of the following four with examples.

a.XXXX

b.XXXX

c.XXXX

d.XXXX

2.How do you define MNE (Multinational Enterprise)? What are the features of an MNE? What are the competitive advantages of an MNE? (with reference to the handout given through blackboard and discussed in class)

3.Briefly describe the Comparative Cost (Advantage) theory constructed by David Ricardo. What are the assumptions? What are the major differences between Comparative Cost theory and Factor Endowment (H-O) theory?

4.Define culture from an International Business perspective? What are the components (with reference to class discussions) of culture? Briefly describe them and give examples.

5.Briefly describe the Leontief Paradox. How this paradox was later disproved by other economists?

6.Explain the Theory of Internalization with examples of vertical and horizontal integration. Why do MNEs (Multinational Enterprises internalize?

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