Explain what determines the level of economic development of a nation. Identify

Explain what determines the level of economic development of a nation.
Identify the macropolitical and macroeconomic changes occurring worldwide.
Describe how transition economies are moving toward market-based systems.
Explain the implications for management practice of national difference in political economy.

Action Required:
The purpose of this interactive activity is to demonstrate your understanding of the concepts learned lessons by responding to discussion questions.

Test your Knowledge (Question):

Discuss how an economy can shift toward a market-based system.