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11 Cards in this Set
- Front
- Back
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Gross National Income (GNI)
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The yard stick for measuring economic activity of a country, this measures the total ammual income of a nation's residents.
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Purchasing Power Parity (PPP)
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An adjustment in gross domestic product per capita to reflect differences in the cost of living.
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Human Development Index (HDI)
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An attempt by the United Nations to assess the impact of a number of factors on the quality of human life in a country.
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innovation
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Development of new products, processes, organizations, management practices, and strategies.
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entrepreneurs
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Those who first commercialize innovations.
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deregulation
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Removal of government restrictions concerning the conduct of a business.
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first-mover advantages
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Advantages accruing to the first to enter a market.
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late-mover disadvantages
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Handicap experienced by being a late entrant in a market.
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political risk
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The likelihood that political forces will cause drastic changes in a country's business environment that will adversely affect the profit and other goals of a particular business enterprise.
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economic risk
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The likelihood that events, including economic mismanagement, will cause drastic changes in a country's business environment that adversely affect the profit and other goals of a particular business enterprise.
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legal risk
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The likelihood that a trading partner will opportunistically break a contract or expropriate intellectual property rights.
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