Exam 8: Understanding Emerging Markets

Which of the following is a characteristic of advanced economies?

Microfinance provides large-scale financial services mainly to global conglomerates.

Class Reports (Scenario) Prof. Jacob Middleton has divided students in his international business class into three groups. Each group has been assigned the task of presenting an overview of a major country group and outlining its distinguishing characteristics. Group 1 will discuss advanced economies, Group 2 will address the characteristics of developing economies, and Group 3 will focus on emerging markets. -Which of the following refers to a distinctive trait of the type of economy discussed by Group 3?

How do national governments contribute to the problems faced by developing economies? Provide examples from Africa, and explain measures taken by governments to improve conditions.

Vytel Communications (Scenario) Vytel Communications is a U.S.-based telecommunications company that is considering doing business in Argentina. Vytel managers hire a consulting firm to investigate the risks and benefits related to doing business in Argentina. The consulting firm identifies a number of challenges that might prohibit Vytel from entering Argentina. In addition, the consultants conduct surveys that indicate a demand for Vytel's products and services. -Which of the following should be considered by the consulting firm before recommending that Vytel should do business in Argentina?

Which of the following best explains the growth of family conglomerates in emerging markets?

Vytel Communications (Scenario) Vytel Communications is a U.S.-based telecommunications company that is considering doing business in Argentina. Vytel managers hire a consulting firm to investigate the risks and benefits related to doing business in Argentina. The consulting firm identifies a number of challenges that might prohibit Vytel from entering Argentina. In addition, the consultants conduct surveys that indicate a demand for Vytel's products and services. -Which of the following would be most important for the consulting firm to evaluate when making a recommendation to Vytel about doing business in Argentina?

The new global challengers have become formidable competitors primarily because ________.

What leading advocate of microfinance was awarded the 2006 Nobel Peace Prize?

Which of the following trends supports improving economic conditions in Africa?

Privatization has provided many opportunities for foreign firms to enter transition economies by ________.

In an informal economy ________.

China is an example of an advanced economy.

Which of the following is an example of a developing economy?

________ are formal offers made by a buyer to purchase certain products or services.

Economic Development Workshop (Scenario) Members of 50 different countries attended a workshop on economic development hosted by an international organization based in Geneva, Switzerland. Attendees of the workshop learned about techniques designed to assist countries in expanding their degree of economic development. -Emerging markets act as manufacturing bases for global MNEs because of ________.

Which of the following countries has the highest per-capita GDP using PPP exchange rates in US$?

________ refer to post-industrial countries characterized by high per-capita income, highly competitive industries, and well-developed commercial infrastructure.

Counterfeiting is fairly common in China, Indonesia, and Russia.

Political instability is associated with corruption and weak legal frameworks that discourage inward investment and the development of a reliable business environment.