Economic & Economic & Socioeconomic ForcesSocioeconomic Forces
Chapter 8Chapter 8
Economic ForcesEconomic Forces
Why is it so important to study Why is it so important to study economic forces?economic forces?
International Economic AnalysesInternational Economic Analyses Whose responsibility?Whose responsibility?
Economic DimensionsEconomic Dimensions
GDPGDP What does it do?What does it do?
GNI per capitaGNI per capita Which is usually chosen:Which is usually chosen:
Low GNI per capita and high growth rateLow GNI per capita and high growth rate High GNI per capita and low growth rateHigh GNI per capita and low growth rate
Economic DimensionsEconomic Dimensions
Income DistributionIncome Distribution Three characteristicsThree characteristics
Private ConsumptionPrivate Consumption Discretionary incomeDiscretionary income
Purchase Power ParityPurchase Power Parity Developing country trendsDeveloping country trends Developed country trendsDeveloped country trends
Concerned with ownership of goods and Concerned with ownership of goods and consumption of key materialsconsumption of key materials
Economic DimensionsEconomic Dimensions
Unit-Labor CostsUnit-Labor Costs Slow-rising unit labor costsSlow-rising unit labor costs Why do changes in cost occur?Why do changes in cost occur? U.S. trendsU.S. trends
Other Economic DimensionsOther Economic Dimensions Large national debtsLarge national debts
What can governments do?What can governments do?
Socioeconomic DimensionSocioeconomic Dimension
Total PopulationTotal Population Market size?Market size? Other considerationsOther considerations
Age DistributionAge Distribution High birth ratesHigh birth rates Lower birth ratesLower birth rates Concerns for developed nationsConcerns for developed nations
Example: JapanExample: Japan
Socioeconomic DimensionsSocioeconomic Dimensions
Population Density and DistributionPopulation Density and Distribution Population densityPopulation density Population distributionPopulation distribution
What does it means for managers?What does it means for managers? Rural-to-urban shiftRural-to-urban shift
Other DimensionsOther Dimensions Women workersWomen workers Divorce ratesDivorce rates
Industry DimensionsIndustry Dimensions
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