World Economies’ Ranking According to WB

Egypt, Pakistan, Myanmar, Ethiopia and Laos are economies with the lowest prices according to a review of economic data which seeks to measure spending power across countries and compensate for exchange rate effects

The United States, the world’s largest economy finds itself in the 25th place,which is relatively lower than most other high-income countries.

The countries with the highest gross domestic product (GDP) per capita on a purchasing power parity basis, were Qatar, Macao, Luxembourg, Kuwait, and Brunei.

Eight countries, including Malawi, Mozambique and Liberia, had GDP per capita of less than $1,000.

In this review World bank used slightly different methodology and country mix compared to the previous exercise back in 2005, middle-income countries received a bigger share of the global economy, at the expense of both low- and high- income peers.

Source: Reuters/Chicago Tribune 7:11 p.m. CDTApril 29, 2014 (Reporting by Krista Hughes; Editing by Jonathan Oatis).

Read the whole article here.

Global Marketing and Freedom- Intro

In light of the recent Norwegian bombing, we will be presenting a series over the next few days focused on freedom and terrorism’s effect on international business.

There is, in fact, a direct connection between global trading and freedom. Global marketing is essential to freedom because freedom is about options. Options provide the opportunity to make decisions. Withe international marketing, companies, cross borders to provide more then one choice for customers. Global marketing does so in all corners of the globe, in the glamorous ones as well as in the small and remote ones where the efforts are not seen by others. By operating both in the lime -light and well outside of it, international markers offer freedom by providing options to the seller and the buyer — whether it is in supplying or purchasing, pricing or selecting

This is an excerpt from Dr. Czinkota’s book Global Business: Positioning Ventures Ahead, co-authored by Dr. Ilkka Ronkainen.

Michael R Czinkota and Ilkka A Ronkainen, Global Business: Positioning Ventures Ahead (New York: Routledge, 2011), pg. 235.