University:
California State University, Los Angeles
Course:
ECON 370 | Economic Development
Academic year:

2022
Views:

119

Pages:

4
Author:

gewoekerdodx

Chapter 3 National Differences in Economic Development Learning Objectives 3-1 Explain what determines the level of economic development of a nation. 3-2 Identify the macropolitical and macroeconomic changes occurring worldwide. 3-3 Describe how transition economies are moving toward market-based systems. 3-4 Explain the implications for management practice of national difference in political economy. 2 Opening Case What Ails Argentina? A hundred years ago, Argentina was one of the world’s wealthiest countries. It now ranks about 60th in GDP per capita. Issues: • High government spending along with budget deficits. • Persistently high inflation rates have hurt business investment. • Legacy of Peronist rule. Reformist government tried to liberalize economy in 2015, but efforts failed and caused severe economic contraction. Peronist Alberto Fernandez elected in 2019. 3 Introduction Differences in Political, Economic, and Legal Systems All influence level of economic development and its attractiveness for doing business. General movement toward: • Democratic forms of government. • Market-based economic reforms. • Adoption of legal systems that better enforce property rights. 4

New Documents from this Course

Sub Regions And Founders of the Asean Organization

California State University, Los Angeles ECON 370 | Economic Development

Assignment

Description

Related Documents

Almost There!

Free up your schedule!

Take 5 seconds to unlock