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Exam 10: Understanding Emerging Markets

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Question 31

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How do national governments contribute to the problems faced by developing economies? Provide examples from Africa, and explain measures taken by governments to improve conditions.

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Governments in developing economies are ...

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Question 32

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MNEs must set high prices in emerging markets because emerging market consumers have high spending power.

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Question 33

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Briefly explain how has microfinancing helped individuals to rise out of poverty in many developing nations.

Why is per-capita income NOT always the best indicator of an emerging market's potential? What does the concept of purchasing power parity (PPP) suggest?

Economic Development Workshop (Scenario) Members of 50 different countries attended a workshop on economic development hosted by an international organization based in Geneva, Switzerland. Attendees of the workshop learned about techniques designed to assist countries in expanding their degree of economic development. -The workshop participants are divided into groups of three. For learning purposes, each group must be made up of individuals from countries with similar degree of economic development. Which of the following might be grouped together?

Vytel Communications (Scenario) Vytel Communications is a U.S.-based telecommunications company that is considering doing business in Argentina. Vytel managers hire a consulting firm to investigate the risks and benefits related to doing business in Argentina. The consulting firm identifies a number of challenges that might prohibit Vytel from entering Argentina. In addition, the consultants conduct surveys which indicate a demand for Vytel's products and services. -Which of the following most likely supports the consulting firm's recommendation that Vytel proceed with plans to do business in Argentina?

Certain emerging markets that have evolved from centrally planned economies to liberalized markets are called transition economies.

Class Reports (Scenario) Prof. Jacob Middleton has divided students in his international business class into three groups. Each group has been assigned the task of presenting an overview of a major country group and outlining its distinguishing characteristics. Three students have been selected as group leaders: Jordan, Elaine, and Andrei. Jordan's group will discuss advanced economies, Elaine's group will address the characteristics of developing economies, and Andrei's groups will focus on emerging markets. -Which of the following refers to a distinctive trait of the type of economy discussed by Elaine's group?

Purchasing power parity is ________.

Which of the following emerging market economies has the lowest middle-class population?

Per-capita GDP converted at market exchange rates paints an inaccurate picture of the market potential of an emerging market because ________.

Which of the following countries has weak intellectual property protection?

Which of the following is an example of a developing economy?

Developing economies ________.

When sourcing relies on foreign suppliers or production bases, it is known as ________.

In a short essay, describe some of the risks and challenges of doing business in emerging markets. What strategies help firms enter emerging markets successfully?

Which of the following is typical of developing economies?

China, Indonesia, and Russia are examples of advanced economies with strong intellectual property protection.

Class Reports (Scenario) Prof. Jacob Middleton has divided students in his international business class into three groups. Each group has been assigned the task of presenting an overview of a major country group and outlining its distinguishing characteristics. Three students have been selected as group leaders: Jordan, Elaine, and Andrei. Jordan's group will discuss advanced economies, Elaine's group will address the characteristics of developing economies, and Andrei's groups will focus on emerging markets. -Which of the following refers to a distinctive trait of the type of economy discussed by Jordan's group?

Businesses foster economic development via modernization projects and entrepreneurial activity in emerging markets and developing economies. Such efforts are a form of corporate social responsibility.