Economic forces-international business

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Economic Forces-International Business

A debate centers around the subject of the best way to measure a nation's development-through income or quality of life. Two basic approaches to assessing development (1) focus on the economy and (2) take a closer look at people and the choices and options open to them for healthy, fulfilling lives. Which is the best in your opinion and why?

1. Which approach to measuring development do you think would be most useful for international managers to follow in assessing a potential market's level of development?

2. Do you agree or disagree with former U.S. attorney and presidential candidate Robert F. Kennedy's assertions that an approach to understanding development that relies on market data is not really what we need to know to understand our development as people (and markets)? There are 3 questions in this verbiage. Please, answer all three questions.

Reference no: EM133183239

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