A way of adjusting monetary values to allow for differences in prices between countries.
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What are the similarities between India and China?
Very large populations, emerging from poverty, phenomenal growth rates, increasing powerful economically, privatising state owned enterprises, trying to reduce big regional differences in income.
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What is supply chain management?
Organising the sequence of processes that leads to the sale of the final product. The supply chain may have different suppliers, managers must locate suppliers with the greatest competitive advantage.
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What are joint ventures?
collaberation between businesses. Typically one will provide finance from abroad, while the other provideds contacts and know-how to get the business going.
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How can joint ventures be helpful?
Help recruit the right staff and dealing with local regulation.
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What are the positive outcomes for individuals from the development of emerging economies?
Lower prices, more choice, job oppertunities increase when real incomes rise
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What the the negative outcomes for individuals from the development of emerging economies.
Job loses when there is strong competition from imports, jobes lost where employers outsource or produce offshore.
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What oppertunities will businesses see from emerging economies?
Accesss to new export markets and increasingly wealthy consumers, access to new skills, offshoring and reducing costs, access to new trade areas, FDI inflows from growing economies.
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What threats will businesses see from emerging economies?
Competition from producers with lower costs, reduced market power where competition is stiff, rising costs for commidities and engergy driven up by rising demand in emerging economies, China's low exchange rate makes it more difficult to compete.
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Other cards in this set
Card 2
Front
What is Purchasing power parity?
Back
A way of adjusting monetary values to allow for differences in prices between countries.
Card 3
Front
What are the similarities between India and China?
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