Advanced International Experience at TU München

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Study with flashcards and summaries for the course Advanced International Experience at the TU München

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The Gross Domestic Product (GDP)

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Indicators to measure the economic standing and development

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Education

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Language

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Social stratification: Degree of significance

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Social stratification: Degree of social mobility

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Social system: group

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Social system: individual

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Social system: Overview

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The Economic Freedom Index by The Heritage Foundation

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Legal system: Protection of the intellectual property

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Wide and narrow communication concept

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Exemplary flashcards for Advanced International Experience at the TU München on StudySmarter:

Advanced International Experience

The Gross Domestic Product (GDP)
  • The sum of gross value adde by all resident producers in the economy
  • Doesnt say anything about how rih a country is, nor about a countrys economic development.

Advanced International Experience

Indicators to measure the economic standing and development

  • Gross Domestic Product (GDP)
  • GDP Growth
  • Gross Domestic Product per Capita (GDP/C) or Gross National Income per Capita (GNI/C)
  • Gini Coefficient
  • Human Development Index (HDI)

Advanced International Experience

Education
  • Formal education plays a key role in a society
  • It is the medium through which individuals learn the skills that are seen as indispensable in a society

Advanced International Experience

Language
  • Spoken language
    • Countries with more than one language often have more than one culture
    • Sometimes field of inner-country tensions
  • Unspoken language
    • Nonverbal communication
    • Often different meanings in different cultures/countries
    • Examples are: gestures and personal space

Advanced International Experience

Social stratification: Degree of significance
  • Degree of how significant the division in classes effects society
  • Degree of how strong the impact is for example on business operations and business daily-life
  • In Britain for example the division into classes effects business life in contrast to the USA

Advanced International Experience

Social stratification: Degree of social mobility
  • Extent to which individuals can move from one class to another
  • In a class system, an individual usually can change her position in the society
  • Societies differ in how easy the change is (Britain more rigid than USA)
  • Indian caste system as an example of a system with no social mobility

Advanced International Experience

Social system: group
  • Important for the social standing is the group, to which one individual belongs to
  • Less emphasis on the individual performance
  • Strong identification with groups and the firm an individual is working for
  • Less managerial mobility, more life-time employment
  • But less dynamism and entrepreneurship recognized

Advanced International Experience

Social system: individual
  • Emphasis of individual achievement
  • Predominant in Western Societies and especially in the USA
  • High value of entrepreneurship as an expression of high individualism
  • High managerial mobility and less loyalty to one firm (=group)
  • Less team work and cooperation surveyed than in more group related societies

Advanced International Experience

Social system: Overview

Social system = basic social organization of a society

  • Individuals vs. groups
  • Degree of social stratification

Advanced International Experience

The Economic Freedom Index by The Heritage Foundation
  • Rule of Law (property rights, government integrity, judicial effectiveness)
  • Government Size (government spending, tax burden, fiscal health)
  • Regulatory Efficiency (business freedom, labor freedom, monetary freedom)
  • Open Markets (trade freedom, investment freedom, financial freedom)

There is a positive relationship between the economic freedom and economic progress, healthier societies, cleaner environments, greater per capita wealth, human development, democracy, and poverty elimination.

Advanced International Experience

Legal system: Protection of the intellectual property
  • Intellectual property are “creations of the mind” like computer software, literary and artistic works, designs, symbols, names, chemical formula,..
  • The ownership rights of these inventions can be protected by patents, copyrights and trademarks
  • Countries differ in the extend to which this kind of property is protected, hence it is crucial for the economic prosperity and the creation of new enterprises
  • International Organizations formed in order to enforce intellectual property (World Intellectual Property Organization, Paris Convention of Industrial Property)

Advanced International Experience

Wide and narrow communication concept
  • Wide: communication between living organism, technical systems and/ or machines and humans
  • narrow: communication between humans and it is based on common goals

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