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Economic & Socioeconomic Forces. Chapter 8. Economic Forces. Why is it so important to study economic forces? International Economic Analyses Whose responsibility?. Economic Dimensions. GDP What does it do? GNI per capita Which is usually chosen: Low GNI per capita and high growth rate

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Economic & Socioeconomic Forces


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Presentation Transcript
economic forces
Economic Forces
  • Why is it so important to study economic forces?
  • International Economic Analyses
    • Whose responsibility?
economic dimensions
Economic Dimensions
  • GDP
    • What does it do?
  • GNI per capita
    • Which is usually chosen:
      • Low GNI per capita and high growth rate
      • High GNI per capita and low growth rate
economic dimensions1
Economic Dimensions
  • Income Distribution
    • Three characteristics
  • Private Consumption
    • Discretionary income
      • Purchase Power Parity
      • Developing country trends
      • Developed country trends
    • Concerned with ownership of goods and consumption of key materials
economic dimensions2
Economic Dimensions
  • Unit-Labor Costs
    • Slow-rising unit labor costs
    • Why do changes in cost occur?
    • U.S. trends
  • Other Economic Dimensions
    • Large national debts
      • What can governments do?
socioeconomic dimension
Socioeconomic Dimension
  • Total Population
    • Market size?
    • Other considerations
  • Age Distribution
    • High birth rates
    • Lower birth rates
    • Concerns for developed nations
      • Example: Japan
socioeconomic dimensions
Socioeconomic Dimensions
  • Population Density and Distribution
    • Population density
    • Population distribution
      • What does it means for managers?
    • Rural-to-urban shift
  • Other Dimensions
    • Women workers
    • Divorce rates
  • Industry Dimensions