Flashcards
BRICs and MISTs: emerging economies key facts
Flashcards do conjunto (8)
- 1What are the BRICs?Brazil - raw materials
Russia - raw materials
India - services
China - manufacturing - 2What are the MISTs?Mexico
Indonesia
South Korea
Turkey - 3What makes emerging economies powerful?resources
cheap labour
growing population
growing disposable income
rapid economic growth - 4How can UK firms compete with exports from emerging economies?innovation
price inelastic goods
added value
outsource labour
brand/reputation - 5Impact of growth of UK businessesOpportunities:
offshoring, reduced costs, FDI inflows, access to new trade areas and skills, increasingly wealthy consumers
Threats:
competition from lower cost producers, reduced market power, rising costs for commodities, cheaper goods elsewhere - unemployment - 6Impact of growth on stakeholderslocal firms - increased competition, lower costs, productive efficiency
customers - more choice, lower prices, increased real incomes
domestic government - loss of industry, structural change
host government - employment, increased tax revenue, reduced government expenditure - 7Info about China1.34 billion population
GDP $6.05 trillion
2nd largest economy by PPP
unemployment 4.3%
literacy 94%
life expectancy 73 years
largest economy by 2020 - 8Info about India1.21 billion population
GDP $1.63 trillion
4th largest economy by PPP
unemployment 9.4%
literacy 66%
life expectancy 64 years
by 2015, will lift 367 million out of poverty
Informações
- Descrição
- Business Unit 3 A2 (Emerging Economies) FlashCards sobre Sem título, criado por alexis0928 em 05-05-2014.
- Criado por
- alexis0928
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