MGMT 1000 Chapter Notes - Chapter 5: A Question Of Balance, Japanese Yen, World Economy
16 Oct 2016
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Distinctions based on wealth: world bank uses per-capita income (the average income per person) to make distinctions among countries, and the current classi cation method consists of four different categories of countries. They include canada, the united states, most countries in europe, australia, Japan, south korea, israel, kuwait, the united erab emirates and oman. This group includes ukraine, philippines, armenia, guatemala, and vietnam. Annual per capita income of us,045 or less. Malawi, bangladesh, haiti, and afghanistan are among the countries in this group. Due to low literacy rates, weak infrastructures, unstable governments, and related problems, these countries are less attractive for international business. Geographic clusters: world economy is evolving quickly with emerging markets playing an ever- increasing role, but still revolves greatly around three major market places: north. Romania and other nations: recently, the traditional view of europe has been altered by the eu, common currency and a divide between northern and southern europe.
