Hi guys. Welcome back to Global Business Environment, part two. This is module six, part six and we've been trying to understand, get a little better handle on today's current climate in the global business environment. One thing that I wanted to emphasize as we conclude and I've been emphasizing in all the other parts of this module is that things change, that we see this evolution overtime. For example, here is map at one point in time, that is trying to capture the degree of economic freedom the openness towards economic and market oriented principles across the globe. And you can see, here is this color scale and you can see that there is some difference around the world with respect to economic freedom. This could be freedom to open your own company, how easy it is to start a company how easy it is to keep the profits you make, tax rates, heavy regulations put on business owners or business operators or entrepreneurs and we see that in some places in the world there isn't much in, in terms of openness. For example we see this swath of Africa that is still relatively lacking in much of its economic freedom. We see in Latin America countries like Mexico and Chile and Peru which are very open economically are very free economically and we see other parts of Latin America which are experiencing the opposite that have very closed to freedom economic freedom regulations. And so at this point in time we might take away that you know, this is the way it is and it will always stay that way but in 10 or 15 years, this could be quite different. We could see African nations for example, government policies move towards more openness, embracing entrepreneurial oriented regulations and policies and we will be watching China, for example and Russia and India and, and their moves as they evolve in this new global business economy and business environment that we're all a part of. And so it's very important when you look at any snapshot to remember it's just a snapshot, this is how things are today, but it can change. One aspect that we haven't talked about very much with respect to economic freedom, are tax rates and I've got some data here on corporate tax rates around the world and you can see and other tax rates. All of these factors are, when we talk about regulations that impact and economic freedom, taxes put have an impact. Most economists agree to decrease economic activity, corporate activity investment. And so some countries have very high tax rates where we see these where we see the reforms that we've seen over the last 30 to 40 years be embraced in labor laws in tax rates and that will be reflected in this economic freedom index. And so who will be the new brick or mist or mint nations in 20 years? Will some African nations arise? Will the embrace new tax policies, new labor policies that will allow for economic growth that benefits society, benefits its citizens. We certainly have seen that in the case of Chile for example, the economic policies have led to very, very high growth rates and so Chile is one of the wealthiest counties in all of Latin America, if not wealthiest. And so I encourage you to keep that long term mind set as you think back on everything you've learned in this course and as you consider taking Global Business Environment, part two. Things are constantly changing and policies will will shift. Success will happen, failures will occur. National eh, wars wills occur. Civil wars and international wars have happened. We've seen natural disasters. All of these things will impact our global economy and the global business environment. It will constantly evolve. And so as you keep track of that, or try to keep track of that, I invite you to follow me on Twitter @ prof.doug.thomas, you can see that I'll tweet from time to time with different articles that are occurring in the global business environment, and we can keep in touch that way. So I encourage you to do that as you feel so inclined. Thank you very much for being a part of this course. It's been a pleasure. Thank you very much.