Exam 9: Economic Development and the Americas

Most newly industrialized countries (NICs) have moved away from restrictive trade practices and instituted significant free market reforms. As a result, these countries have

Describe the three categories used by the United Nations to classify a country's stage of economic development on the basis of its level of industrialization.

Economic development translates to rapid economic growth and increases in consumer demand.

List and briefly describe five of the nine factors that existed during the economic growth of newly industrialized countries (NICs).

What country is a member of the Latin American Integration Association (LAIA, aka ALADI)?

Economic planners are least likely to be concerned with the problems related to

Developing countries with markets that are geographically large, have strong growth rates, are regional economic drivers, and represent sizable markets for a wide range of products have been identified by the U.S. Department of Commerce as ________ markets.

Estimating market potential in less-developed countries involves additional challenges, but most of the difficulty arises from the

Paved roads, railroads, seaports, communication networks, and financial networks are examples of

Which country is a part of the free trade area known as CFTA?

Which is the comprehensive free trade agreement among Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, and the United States that includes a wide array of tariff reductions aimed at increasing trade and employment?

In the United States, the vast majority of the population lives in urban areas and has higher earnings than those who live in rural areas.

The level of political stability in a country is the single most important environmental element to which the foreign marketer must adjust the marketing task.

Which country is an MDC (more-developed country)?

Which statement is true about MDCs (more-developed countries)?

Privatization of state-owned industries released immediate capital to invest in strategic areas.

Newly industrialized countries (NICs) are characterized by markets with fewer restrictive trade practices and significant free market reforms.

Economic planners are often more ________ oriented than marketing oriented.