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10149345
Chapter 3 - differences in ED
Description
Determines level of ED of a nation Macropolitical & Macroeconomic changes Moving towards market-based systems Mgt practice of national difference in political economy
No tags specified
national differences in economic development
business/economics
Mind Map by
Jodie Arnold
, updated more than 1 year ago
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Created by
Jodie Arnold
over 7 years ago
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Resource summary
Chapter 3 - differences in ED
National difference to EC Development
Other Factors - Geography & Edu
Differences in National political economic and legal systems
GNI, PPP & HDI - Sen
HDI (UN) - Life Ex, Edu & PPP
Market based reforms
Innovation & Entrepreneurship require a market economy
Innovation & Entrepreneurship require strong property rights
Spread of market
Eg China, Angola, Ethiopia, Mozambigue
Deregulation
Privatization
Legal system
Political Systems
China eg of Market Economy/Totlitarian
Dictatorships - don't work eg Africa
Spread of Democracy
T- failed to deliver on eco progress
Info avail - state can't dictate info
Emergence of middle class
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