Author Question: What is the difference between a developing country and a developed country? What significant trends ... (Read 117 times)

lak

  • Hero Member
  • *****
  • Posts: 546
What is the difference between a developing country and a developed country? What significant trends are occurring in each type of market that relate to international business decisions?
 
  What will be an ideal response?

Question 2

Serendipity is often an export trigger for companies that purposefully look to internationalize their operations.
 
  Indicate whether the statement is true or false


IAPPLET

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

Low- and middle-income nations are known as developing countries. This type has low per capita incomean average of 2,963 in 2009. The vast majority of their citizens have a low standard of living with limited access to few goods and services. Developing countries comprise the largest number of countries (151 or so, according to the World Bank) and have the highest number of inhabitants (a combined 5.5 billion) in the world. In contrast, developed countries are those with high per capita incomean average of 37,970 in 2009. Their citizens have a high standard of living with access to a variety of goods and services. Emerging economies are developing rapidly and have increased their share of the world's foreign-exchange reserves by 70 since the mid-1990s. Since 2001, annual growth in emerging markets has averaged 6.4 percent; in contrast, the rich economies have averaged 1.6 percent. While they expand, the global financial crisis slows and shrinks many developed economies.

Answer to Question 2

FALSE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

For a complete list of videos, visit our video library