International Business Opportunities and Challenges Study Set 2

In the WTO, it is the preference giving country, which decides the list of developing countries that will benefit from schemes such as the Generalized System of Preferences (GSP).

Developing countries enjoy benefits in some WTO Agreements such as longer transition periods before they are required to fully implement the agreement.

Companies selling expensive goods and services are more interested in economies with low per capita GDP.

The differences between the OER- and PPP-denominated GDP values for most of the wealthy industrialized countries are generally much smaller than those for the developing nations.

The German law guarantees free unregulated private enterprise.

Developed countries tend to have high human development index (HDI) rankings.

In some industries in the UAE, it is mandatory for companies outside the free-trade zone to have an Emirati sponsor or partner.

The total size of the economy is a better indicator of the strength of the local economy and the market opportunity for a new consumer product than the income per person.

One of the peculiar features of the UAE is that expatriates outnumber the local citizens, or nationals.

If a country has a large black, or underground, market for transactions, it will not be included in the official GDP.

A single language and a homogeneous cultural identity in Africa make it easier for advertisement companies to reach a wider audience with their ads.

The World Trade Organization (WTO) has given clear definitions for "developed" and "developing" countries.

The GDP per person adjusted for purchasing power helps professionals to evaluate what consumers in the local market can actually afford.

Africa serves as an attractive destination for investors because of its low trade tariffs and the untapped spending power of the African population.

The economies of developing countries usually rely heavily on one or more key industries, often related to commodities like oil, minerals mining, or agriculture.

The greater the gender disparity in basic capabilities, the lower a country's GDI compared with its HDI.

Companies from emerging markets should play an important role in the process of transition to the global emerging market, as they have a great deal of experience operating in conditions of non-developed economies.

In a country, if the per capita GDP adjusted for purchasing power is lower than the nominal per capita GDP, it implies that local consumers can afford more with their incomes.

The early 1980s saw the gradual transition of the Chinese economy from a centrally planned economy toward a market-driven economy.

The nominal per capita GDP can be misleading because actual costs in each country differ.