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.

6.1 Learning Outcomes:

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.

6.2 Action Required:
Watch the video using the following link:

6.3 Test your Knowledge (Question):

Why does education lead to economic development? Discuss.

6.4 Instructions
Students are to answer the given question in Discussion Board.

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