week 5 discussion
WEEK 5: DIALOGUE
dialogue
Students will be responsible for answering weekly discussion questions posted under Discussion Board on Blackboard. The initial posting to each question is due no later than 11:59 pm on Thursday and responses to classmates’ postings no later than 11:59 pm on Sunday night.
There are five websites which will provide starter information on which to develop your discussion points for International Business below. Two are diverse rankings lists; the other three are to assist you with research:
Rankings Lists:
Forbes’ List: http://www.forbes.com/best-countries-for-business/list/#tab:overal
World Bank Lists: http://www.ibtimes.com/international-business-opportunities-trends-top-countries-consider-214068
Research Sources:
http://export.gov/ccg/index.asp
http://globaledge.msu.edu/global-insights/by/country
http://www.operationworld.org/countries-alphabetically
Some of the countries are ranked high on the Forbes’ list of countries for doing business; while these same countries are ranked lower on the World Bank list. It will be up to you to discern why the discrepancy. Each week we will review a country and answer the following questions:
1. What would make this country an attractive region or market in which to enter, depending on the type of opportunities your firm is considering? What are cultural influences, including customs and business etiquette in this international market, will affect business practices?
2. If you were to want to start trading with this country, with what type of entry strategy would you begin?
3. What kinds of local representation or institutional support would you need available to you to help you navigate any unforeseen obstacles and explain the laws and contract provisions in order to conduct business and protect your assets?
4. What are some of the limitations (economic, infrastructure, technological) in establishing this exchange relationship (for example, currency fluctuations, or import/export timelines)?
5. What opportunities and limitations are there for communicating the gospel of Jesus Christ? What would be a focus for prayer? Be sure to review the Operation World link above.
Weekly Discussions
Forbes’ Rank and Name
World Bank Top Ten
Week 1
#1 Denmark
Top Ten Ease of Doing Business
Week 2
#3 Norway
Top Ten Ease of Doing Business
Week 3
#8 Singapore
Top Ten Fastest Growing Economies; Lowest Trade Restrictiveness
Week 4
#11 Hong Kong
Top Ten Lowest Trade Restrictiveness
Week 5
#25 Israel
Top Ten Lowest Trade Restrictiveness
Week 6
#54 Turkey
Top Ten Lowest Trade Restrictiveness
Week 7
#94 China
Top Ten Fastest Growing Economies
Week 8
#103 Burkina Faso
Top Ten Fastest Growing Economies; Real Trade Growth
APA FORMAT 300-400 WORDS
Solution Preview
Israel has got a highly developed market system where the cost of goods and services are determined in a free price system. The country was ranked number 25 out of 139 on the best country to do business in 2016 by the Forbes. It is also among the top 10 countries with little restrictiveness in doing business.
(407 words)