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How to Describe a Nation’s Economy?

In: Business and Management

Submitted By zlin
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How to describe a nation’s economy?
Below you will find some criterion for describing a nation’s economy. You may not need to include all of the criterion for your final project. Try to choose those that you think would be helpful and relevant to Les Rigolettes Nantaises.
Useful Resources * The World Bank provides a list of how it classifies countries according to GNI http://data.worldbank.org/about/country-and-lending-groups * The CIA World Fact Book can provide a brief overview of many of the criteria listed below https://www.cia.gov/library/publications/resources/the-world-factbook/ * Transparency International posts a country Corruptions Ranking every year http://www.transparency.org/cpi2014/results

Criterion
You should use the 7 criteria from the course textbook to structure your profile (pg 64): 1. Type of economy: Is the nation an advanced industrial state, an emerging economy, a transition economy, or a developing nation? 2. Type of government: Is the nation ruled by a monarchy, a dictatorship, or a tyrant? Is the nation dominated by another state, or is it a democracy with a multiparty system? Is it an unstable or terrorist nation? 3. Trade and capital flows: Is the nation characterized by almost completely free trade or incomplete free trade and is it part of a trading bloc? 4. The commanding heights: (e.g. the transportation, communications and energy sectors) Are these sectors state owned and operated? Is there a mix of state and private ownership? Are they all private, with or without controlled prices? 5. Services provided by the state and funded through taxes: Are pensions health care and education provided? Do privatized systems dominate? 6. Institutions: Is the nation characterized by transparency, standards, the absence of corruption, and the presence of a free press and strong courts? Or is corruption a

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