Description
Complete an investigation of the economic indicators of the countries you have chosen. This will allow you to analyze whether one is a viable location for your company.
- Economic indicators should include at a minimum:
- Unemployment
- Housing
- consumer price index
- industrial production
- gross domestic product
- broadband internet penetration
- retail sales
- availability of resources both human and natural resources
- Add this to your table for use in your infographics and to help you make your decision about new markets.
2. Investigate exchange rates and international market exchange.
Work through the Khan Academy tutorials
Explanation & Answer
Here's what I have at the 2 hour deadline.I need MORE TIME.The reference page needs a lot of work.The project is not final, and I will work on it more in the next hour.Please respond.
Economic Indicators in Nepal vs Bangladesh
Economic Indicator
Population
Gross Domestic
Product (GDP)
Annual GDP
Growth Rate
Unemployment
Rate
Consumer Price
Index
Housing
Nepal
Bangladesh
28.6 million
158 million
$28.81 billion USD
$274 billion
2018 data
7.1 %
7.9 %
2018 data
3.2 %
4.2 %
2017 data
186
264
2019 data
19.8% urban
6.4% rural
Average Family
4.2 urban
Size
4.8 rural
Internet Penetration (58% of population
use the internet)
Retail Sales
$131 billion
availability of
resources both
human and natural
resources
Prevalent Types of
Natural Resources
Notes:
coal, iron, copper,
limestone, and
leather
Currency Exchange 115.785 Nepalese
Rate
Rupees per USD
2019 data
80.89 million
(51.2% of
population are
subscribers)
$2.10 billion USD
Primarily
agricultural
economy. Lacks
skilled manpower in
technical and
financial
management and
other management
areas.
fisheries, natural
gas, forest
resources, land,
and water
resources, and
leather
83.714 Bangladesh
Takas per USD
2018 data
2019 data
Nepal Exports to
Bangladesh
Nepal Imports from
Bangladesh
Vegetables, food
products, textiles
and clothing,
chemicals, and
wood
Food products,
animals, textiles
and clothing, wood,
metals, machines
and electronics,
wood, fuels
2015
2015
Nepal and Bangladesh are both countries in Southern Asia. Nepal includes the
Himilayan mountain range. Nepal’s capital city is Dhaka and Bangladesh’s capital city
is Kathmandu. Nepal is officially a Hindu country, but has a rich range of unique cultural
groups whose contributions have included music, architecture, and literature. Nepal’s
people are warm and affectionate. Foreigners feel at ease and blend in well.
Bangladesh has primary religions of Islam, Buddhism, and Hindu. Religion has
contributed largely to the culture. Bangladesh culture relies on music, dances, literature,
and clothing.
Setting up a company which produces leather presents both countries as
attractive, since leather is a raw material in both countries. The leather Company will
produce leather products such as shoes, jackets, and wallets. However, locating the
Company in Kathmandu is a more promising idea than locating it in Bangladesh, as
evidenced by the Economic Indicators in the table above.
Bangladesh does not present itself as a sound investment destination, based on
economic indicators, including exchange rates. The strategy of growth of my firm would
not be well supported in this market. Nepal is an attractive potential investment
destination. With high exchange rates in Nepal, market conditions will be favorably
affected. The sophistication of global markets demands that economic indicators be
researched before investment is committed.
References
Retrieved from: Retrieved from: https://www.adb.org/countries/nepal/economy
Retrieved from: Retrieved from: https://www.economy.com/bangladesh/indicators
Retrieved from:
https://www.google.com/search?q=nepal+population+2019&rlz=1C1GCEA_enUS867U
S867&oq=nepal+populat&aqs=chrome.1.0l2j69i57j0l3.6687j0j7&sourceid=chrome&ie=
UTF-8
Retrieved from: https://tradingeconomics.com/nepal/gdp
Retrieved from: https://tradingeconomics.com/bangladesh/gdp
Retrieved from: https://tradingeconomics.com/nepa...