How is uneven economic development likely to affect international management?
What will be an ideal response?
The uneven economic development around the globe, as evidenced by the range in gross domestic
product per capita and the Human Development Index, has numerous implications for policy makers
and business people. These include the stimulation of economic growth in various regions, the ethnic
tensions that parallel economic issues, the backlash against the United States and the exportation of
U.S.-style capitalism and culture, and the extreme responses by terrorists. Perhaps the most significant
effect of the differences in development from a cross-cultural management perspective has to do with
the impact on the labor pool. Economic development within nations affects the availability of wage-
earning jobs. Global competition for jobs results in low-wage jobs being replaced by even lower wage
jobs, downward pressure is put on labor standards, and hiring cheap labor globally disrupts social
contracts and cultural norms in the host country. Job migration in concert with the growing need for
knowledge workers will increase the numbers of women in the workforce, particularly in developing
countries, increase the average age of workers, particularly in the developed world, and increase the
demand for people with higher levels of education worldwide.
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Answer the following statement true (T) or false (F)
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A) Verifiability B) Timeliness C) Understandability D) Neutrality
An example is usually not appropriate for an executive summary
a. true b. false