International business environments-trends and practices

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International Business Environments: Trends and Practices

Two managers are discussing the pros and cons of different measures of economic development. “GDP per capita,” declares the first, “is the only true measure of how developed a country’s economy is.” The second manager counters: “I disagree. The only true measure of a country’s economic development is its people’s quality of life, regardless of its GDP.”

Why is each one of these students incorrect on their perspectives?

Reference no: EM132308443

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