Describe the differing political, economic, and cultural systems around the world that affect global business
Goal: Describe the differing political, economic, and cultural systems around the world that affect global business. Describe the differing political, economic, and cultural systems around the world that affect global business. Attached is the readings from the textbook.
Select ONE COUNTRY from EACH of the columns on the attached sheet. (Free Market, Socialist, Communist). These are the countries where you have identified a potential market for your amazing and highly effective new toothpaste “Forever Bright.”
RESEARCH the countries you have selected using the CIA Factbook, globalEDGE, and Vision of Humanity as a starting point to determine the economic and political climate for our business venture. You MUST use and reference these before you use any other recourses
For EACH country:
https://www.cia.gov/library/publications/the-world-factbook/
Identify the OPPORTUNITIES and THREATS to your global business venture posed by the economic/political environment
If you decide to pursue your business venture in these countries, what are the specific risks that you face as an international business entrepreneur?
What, if anything, can you do to mitigate the risks as an exporter into these countries?
_forever_bright____export_partners
………………..Answer preview………………….
According to global EDGE China remains the top spot for American exports (Hult, 2018). This fact is drawn based on various market dimensions including size, growth rate, intensity, consumption capacity, infrastructure, economic freedom, receptivity, and risk. The socialist market in China creates democratic management………………………….
APA
895 words
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