International Economics: The author describes that, because of the impact of international trade, new technology, and globalization, business managers need to understand fundamental economic concepts to make well rounded selections. For this motive, this book displays the basis of economic globalization. He describes the core models of economic theory related to supervisors and how these concepts provide a framework for interpreting the international market.
Dr. Paul suggests complementary readings including case studies and also shares insight on using the book in management courses. In Chapter 2, Economic Growth, Convergence, and Commerce (24 pages), the author contemplates the variables that lead to varying growth rates between countries. He clarifies how the Neo Classical Growth Model provides a framework for understanding long term increase. He reviews the three components of the model, labor, capital, and technology, and the implication that varying the input of labor and capital can bring about an equilibrium state. He provides support for the model through the analysis of growth was facilitated by globalization in Africa, Latin America, and Asia.
Publication Date: 11/01/2013
This is just an excerpt. This case is about Finance
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