3
Economic Environment
LEARNING OBJECTIVES
After going through this chapter, you should be able to:
Examine the different facets of the economic environment of an international business
Identify the distinguishing features of different economic systems and assess their impact on business structures and activities
Appreciate the defining principles of capitalism, as exemplified in major Western economies
Examine the evolution of various economic systems in the context of national economic pathways
Classify countries on the basis of economic indicators, such as gross national income (GNI), inflation, and fiscal and monetary policies
The Ethiopian Paradox of 10 Per Cent Growth
The Ethiopian economy is one of the least productive economies ...
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