Term
| Advanced (Developed) economies |
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Definition
| Post-industrial countries characterized by high per-capita income, highly competitive industries, and well-developed commercial infrastructure. CANADA, FRANCE, JAPAN, UK, US |
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Term
| Developing (Undeveloped) economies |
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Definition
| Low-income countries characterized by limited industrialization and stagnant economies. BRAZIL, CHINA, INDIA, INDONESIA, TURKEY, RUSSIA, BRIC |
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Term
| Emerging (Developing) markets |
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Definition
| Subset of former developing economies that have achieved substantial industrialization, modernization, and rapid economic growth since the 1980’s. ANGOLA, BOLIVIA, NIGERIA, BANGLADESH, NEPAL, CHAD |
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Term
| Key Differences Between Three Major Groups |
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Definition
• 150 undeveloped countries compared to 27 and 30 developed/developing
• 62% of world population in developing countries vs. 14% and 24% in un and developed
• 33,000 per capita income in developed, vs. 13,000 in developing and 6,000 in undeveloped
• 48 and 43 % share of GDP in developed/developing vs. 9% undeveloped
• 3,775 mil. population in undeveloped, vs. 1,877 developing and 892 undeveloped
• Telephone lines/ 1000: 1,369 developed, 724 developing, 355 undeveloped
• Computers/ 1000: 517 developed, 191 developing, 39 undeveloped
• Internet users/ 1000: 533 developed, 240 developing, 103 undeveloped |
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Term
| Trade Conditions within Major Country Groups |
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Definition
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Developed
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Developing
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Undeveloped
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Industry
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Highly dev
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Improving
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Poor
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Competition
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Substantial
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Moderate
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Limited
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Trade barriers
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Minimal
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Liberalizing
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Mod to high
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Trade volume
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High
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High
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Low
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Inward FDI
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High
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Mod to high
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Low
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Term
National Characteristics of Major Country Groups
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Definition
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Developed
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Developing
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Undeveloped
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Med. Age
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38
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32
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24
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Focus
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Service, brand
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Mnfctring,some srvce
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Agricltr, commod
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Education
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High
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Medium
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Low
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Econ/Polit Freedom
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Free
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Mod free, mostly not
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Mostly repressed
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Econ/Polit system
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Capitalist
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Go to capitalist
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Auth, Soc, Comm
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Regulations
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Minimal
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liberalizing
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high
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Country Risk
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Low
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Variable
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Mod to high
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Intell. Prop. Protc.
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Strong
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Improving
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Weak
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Infrastructure
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Developed
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Improving
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Inadequate
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Term
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Definition
| – Subset of emerging (developing) markets that have transformed from centrally planned economies into liberalized markets |
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Term
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Definition
| a government takeover of not a firm but an entire industry, with or without compensation |
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Term
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Definition
| Transfer of state-owned industries to private concerns |
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Term
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Definition
| Top firms from rapidly developing emerging markets that are fast becoming key contenders in world markets |
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Term
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Definition
| The procurement of selected value-adding activities, including production of intermediate goods or finished products, from independent suppliers |
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Term
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Definition
| The procurement of products and services from foreign locations. Procurement can be from either independent suppliers or company-owned subsidiaries |
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Term
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Definition
| A large, privately-owned company that is highly diversified |
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Term
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Definition
| Formal offers made by a buyer to purchase certain products or services |
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