PSU
IB 303 -
KEY ECONOMIC FACTORS
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KEY ECONOMIC FACTORS THAT INFLUENCE INTERNATIONAL BUSINESSCountries Classified by RegionCountries Classified by Economic SystemKEY ECONOMIC FACTORS THAT INFLUENCE INTERNATIONAL BUSINESS•General framework•Economic stability•Capital Markets•Factor endowments (land, labor, capital)•Market size•Economic infrastructureCountries Classified by Region•East Asia and Pacific•Europe (East & Central Europe) & Central Asia•Latin American & Caribbean•Middle East & North Africa•South Asia•Sub – Saharan Africa•High incomeCountries Classified by Economic System•Market Economy – resources are allocated and controlled by consumers and firms•Mixed Economy – different degrees of consumer and government
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