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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