Question: please Answer the case: Get a liability case, similar to the case(s) illustrated in lecture. You may rely on any related text book, the internet























International Economic Analysis - Studying an economic environment helps managers make better investment choices and operating decisions. - Limited resources require managers to identify which countries in the world guarantee investment as well as those they must avoid. - Basic principals which should be considered by managers to assess the economic environments: - Economic System Complexity, - Market Dynamism, - Market Interdependence. Economic Factors Affecting IB - Type of Economic Environment - Degree of Economic Freedom - Drivers of Economic Performance The Global Business Environment - Broad classes of countries include - Developed countries, also known as: - Developing countries. CASE STUOY Emerging Economies Emerging = CASE StUOY Emerging Economies: make a comeback CASE STUDY Evolution of Earth's Economic CG : 1000 A.C. to 2050 CG: Center of Gravity Economic Freedom Fiscal freedom = - Economic freedom means that people have the right to work, produce, consume, save, and invest the way they prefer and in an absolute absence of constraints . Economic freedom means that people have the right to work, produce, consume, save, and invest the way they prefer and in an absolute absence of constraints . 10 Dimensions of the Economic Freedom Index Economic freedom means that people have the right to work, produce, consume, save, and invest the way they prefer and in an absolute absence of constraints . 10 Dimensions of the Economic Freedom Index Economic freedom means that people have the right to work, produce, consume, save, and invest the way they prefer and in an absolute absence of constraints . Economic freedom means that people have the right to work, produce, consume, save, and invest the way they prefer and in an absolute absence of constraints . 10 Dimensions of the Economic Freedom Index Economic freedom means that people have the right to work, produce, consume, save, and invest the way they prefer and in an absolute absence of constraints . Economic freedom means that people have the right to work, produce, consume, save, and invest the way they prefer and in an absolute absence of constraints . 10 Dimensions of the Economic Freedom Index Economic freedom means that people have the right to work, produce, consume, save, and invest the way they prefer and in an absolute absence of constraints . Index of Economic Freedom Selected Countries (2022) R Re = Repressed GDP: Gross Domestic Product Free Economy and GDP per Capita GDP per Capita Standard of Living Data source: https://www.heritage.org/index/ranking (retrieved 16-02-2023) Free Economy and Inflation Rates Free Economy and Inflation Rates Economic freedom affects: - Growth rates - Productivity T - Income levels - Inflation - Unemployment - Life expectancy - Literacy (the ability to read and write) - Political openness - Environmental sustainability Types of Economic Systems An economic system refers to the mechanism that deals with the production, distribution, and consumption of goods and services. It has the following types: 1. Market economy 2. Command economy 3. Mixed economy Types of Economic Systems State Capitalism: Detour or Destination ? Refers to a trend for governments to own, either directly or indirectly, its national firms, and using them to influence market activity as well as establish its authority. WHY ? - Promote certain industries to encourage economic development. - Develop national companies into global leaders. - Prevent foreign companies from restricted strategic industries. The Global Business Environment - Broad classes of countries include - Developed countries, also known as: high-incomeeconomies,advancedmarkets,advancedindustrialeconomies,Norway,-postindustrialeconomies.UnitedStates,ExAmPLEsAustralia,Canada,Japan,Switreland, - Emerging economies, - Developing countries. Economy in transition = Emerging economy The Global Business Environment - Broad classes of countries include - Developed countries, also known as: - Developing countries
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