Discuss Understanding Different Economic and Legal Arrangements
Democracy or Autocracy? Capitalist or Socialist? What factors should international businesses learn about, understand, and seriously consider when researching the legal system and market structure in a foreign country? Why and how do legal systems and market structures affect doing business in a foreign country?
Developed or Underdeveloped? East or West? Based on your understanding of economic development, which is a better country/region to do business in, a country with a fully developed economy or with developing or underdeveloped economy?
What factors would you as an international business adviser consider when determining the appropriate country/market to expend to internationally? And why?
Flat or Diverse? Blended or Connected? Diverse or Universal?
While we all have preference for what we already know, what we don’t know is always present!
Which is a better environment for profitability and growth in the international business arena, a more universal world system and market (Western-like style) or one that is more diverse like what the world has today where each country has its own unique structures and systems? Explain your reasoning.
How could diversity in economic and political systems be a source of growth for international business?
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