Ch_3_Political_Economy_and_Economic_Deve - 1 BUS 345 International Business Environment Baban Hasnat Chapter 3 Political Economy an Economic Development

Ch_3_Political_Economy_and_Economic_Deve - 1 BUS 345...

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1 BUS 345 International Business Environment Baban Hasnat Chapter 3 Political Economy an Economic Development I. Introduction—revolution in Egypt II. Differences in Economic Development A. How to measure levels of economic development A.1. Gross national income (GNI) per person A.2. Purchasing Power Parity income (GNI adjusted for cost of living)—see Table 3.1 A.3. Broader Conceptions of Development: Amartya Sen (a.i.1.a.i) Human Development Index (HDI) III. Political Economy and Economic Progress A. Innovation and entrepreneurship are the engines of growth B. Innovation and entrepreneurship require a market economy C. Innovation and entrepreneurship require strong property rights D. What is the right political system for economic development? D.1. The experience of China, South Korea, Taiwan, Singapore, Hong Kong BUS 345, Int’l Bus, Dr. Hasnat, Ch. 3 Political Economy and Economic Development (Hill)
2 E. Economic progress leads to democracy or democracy leads to economic progress? IV. Geography, Education, and Economic Development A. Importance of geographic location

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