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KEY ECONOMIC FACTORS THAT INFLUENCE INTERNATIONAL BUSINESS. General framework Economic stability Capital Markets Factor endowments (land, labor, capital) Market size Economic infrastructure. Countries Classified by Region. East Asia and Pacific
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KEY ECONOMIC FACTORS THAT INFLUENCE INTERNATIONAL BUSINESS • General framework • Economic stability • Capital Markets • Factor endowments (land, labor, capital) • Market size • Economic infrastructure
Countries Classified by Region • East Asia and Pacific • Europe (East & Central Europe) & Central Asia • Latin American & Caribbean • Middle East & North Africa • South Asia • Sub – Saharan Africa • High income
Countries Classified by Economic System • Market Economy – resources are allocated and controlled by consumers and firms • Mixed Economy – different degrees of consumer and government control