Mind map

Chapter 3 - differences in ED

Jodie Arnold Business/Economics English

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National difference to EC Development
- Other Factors - Geography & Edu
Differences in National political economic and legal systems
- GNI, PPP & HDI - Sen
  - HDI (UN) - Life Ex, Edu & PPP
Market based reforms
- Innovation & Entrepreneurship require a market economy
  - Innovation & Entrepreneurship require strong property rights
- Spread of market
  - Eg China, Angola, Ethiopia, Mozambigue
  - Deregulation
  - Privatization
  - Legal system
Political Systems
- China eg of Market Economy/Totlitarian
- Dictatorships - don't work eg Africa
- Spread of Democracy
  - T- failed to deliver on eco progress
  - Info avail - state can't dictate info
  - Emergence of middle class

Description: Determines level of ED of a nation Macropolitical & Macroeconomic changes Moving towards market-based systems Mgt practice of national difference in political economy
Created by: Jodie Arnold
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