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Explain the implications for management practice of national difference in political economy.

6.1 Learning Outcomes:

 

  • Explain what determines the level of economic development of a nation.
  • Identify the macropolitical and macroeconomic changes occurring worldwide.
  • Describe how transition economies are moving toward market-based systems.
  • Explain the implications for management practice of national difference in political economy.

 

6.2 Action Required:

Watch the video using the following link:

 

6.3 Test your Knowledge (Question):

 

Why does education lead to economic development? Discuss.

 

6.4 Instructions

Students are to answer the given question in Discussion Board.