Notes 9-19-2010

Notes 9-19-2010 - COMM 4559-501: Emerging Markets Notes...

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COMM 4559-501: Emerging Markets Notes 9-19-2010 (A6) PPP – equate the goods and services provided for the income and economic activity The Rise of the Marhreb Reason to invest in Northern Africa o Stable politic systems o Location o Lower costs o Longer working hours o 3-5% in annual growth o Large, eager workers o A number of skilled workers o No labor unions USA has a decline in organized labor About 16% of the workforce is a part of a union Taft Cooling Act can force unions to go back to work for a 90 day cooling off period to negotiate Europe has many more unions National unions – negotiate contracts country wide Greece has needed to cut back spending o Reduce benefits and pay of retirees o Workers have shutdown country on multiple occasions Tunisia and Morocco o Investing in education o Making English a priority Disadvantage of Marhreb
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o Poor infrastructure o Most of the surrounding land is desert o Low literacy rate o
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This note was uploaded on 01/24/2011 for the course COMM 4559 at UVA.

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Notes 9-19-2010 - COMM 4559-501: Emerging Markets Notes...

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