Global Business Questions

Post date: Nov 16, 2011 6:18:30 PM

Use the information from the worksheet to consider the following seven questions.

• 1. How can the presence or absence of natural resources and arable land affect a nation’s economy, regardless of the type of economic system?

  3. How can life expectancy and literacy rates affect the quality of labor in the economy?

  5. How can fertility rates affect the use of scarce resources?

  7. How can GDP per capita and poverty rates indicate standards of living in each system?

  9. How can the size of the industrial/service sector and the agriculture employment rate indicate the level of industrialization?

  11. How can electricity, communication, and transportation facilities indicate the potential for industrial growth?

  13. Considering the lack of natural resources, the labor problems, and the lack of capital and little industrialization of developing countries, how can developing countries develop? (Hint: Look at Economy - Overview for Chad).