First among these is geography—not just in the historical sense described above—but also in the more contemporary aspect that a modern economy cannot function without a division and diversification of labor. Thus, countries with small populations may have trouble developing and gaining access to markets, while landlocked countries may struggle to integrate with global markets and expand their economies.
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Overview: Chapter 1 introduced you to Human Resource issues that HRM professionals and general managers must deal with if they are to assist the organization in becoming competitive and .
Likewise, geographic advantages do not always result in sound development in cases when governments squander valuable natural resources. The World Bank, therefore, recommends that countries focus on six areas of policy to improve chances of development.
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