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11 Cards in this Set

  • Front
  • Back

Gross National Income (GNI)

The yardstick for measuring economic activity of a country, this measures the total annual income of a nation's residents.

Purchasing Power Parity (PPP)

An adjustment in gross domestic product per capita to reflect differences in the cost of living.

Human Development Index (HDI)

An attempt by the UN to asses the impact of a number of factors on the quality of human life in a country.

Innovation

Development of new products, processes, organizations, management practices and str


ategies.

Entrepreneurs

Those who first commercialize innovations.

Deregulation

Removal of government restrictions concerning the conduct of a business

First-Mover Advantages

Advantages accruing to the first to enter a market.

Late-Mover Disadvantages

Handicaps experienced by being a late entrant in a market.

Political Risk

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.



Economic Risk

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.

Legal Risk

The likelihood that a trading partner will opportunistically break a contract or expropriate intellectual property rights.