WGU C211 GLOBAL ECONOMICS Key Terms and Definitions
WGU C211 Key Terms and Definitions Base of the Pyramid - answer Economies where people make less that $2,000 per capita per year BRIC - answer Brazil, Russia, India, China Emerging Economies - answer A term that has gradually replaced the term "developing countries" since the 1990s Emerging Markets - answer A term that is often used interchangeably with "emerging economies" Expatriate manager - answer A manager who works abroad Foreign Direct Investment - answer Investment in, controlling and managing value-added activities in other countries Global business - answer Business around the glob Globalization - answer The close Integration of countries and peoples of the world Gross Domestic Product (GDP) - answer The sum of value added by resident firms, households and governments operating in an economy
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