Global Business Terms
The three types of development.
What is industrialized, LDC, and developing?
Low literacy
What is a county with a weaker education system?
Define Technology.
What is automated production, distribution, and communication systems?
Higher standards of living.
What is cities, big markets, and good infrastructure?
What is countries that are evolving from less-developed country to an industrialized country,
The average amount of money per year that a person makes who lives in an LDC.
What is $3,000?
Expanding Industry.
What is the addition of new types of jobs and a wider economy?
The center of population in an industrialized country.
What is large cities?
Less-developed Country
What is a country with little economic wealth and an emphasis on agriculture or mining?
Agricultural or mining economy.
What is a country with the main focus on exporting farmed and mined goods?
Improving Education System.
What is the increase in the level of literacy?
Examples of industrialized countries.
What is the United States, Japan, Italy, Germany, France, United Kingdom, and Canada?
Infrastructure
What is the transportation, communication, and utility systems that facilitate business activities?
The characteristics of a less developed country.
What is low literacy, limited technology, and agricultural or mining economy?
Examples of developing countries.
What is Brazil, India, Singapore, South Korea, Taiwan, and Thailand?
Examples of a good infastructure.
What is good transportation, communication, and utility system?
Industrialized Country
What is a country with strong business activity that is usually the result of advanced technological and a well educated population?
The reason LDCs need the help of more developed countries.
What is helping with poor healthcare, limited natural resources, low literacy rates, low levels of employment skills, shortage of investment capital, and uncertain political environments?
The characteristics of a developing country.
What is improving education system, increasing technology, and expanding industries?
The characteristics of an industrialized country.
What is strong business activity, advanced technology, and good education?