week 3 singapore

timer Asked: Sep 3rd, 2017
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Question description

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:




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

week 3 this is for so for singapore. 300-400 words in APA format.

Tutor Answer

School: Carnegie Mellon University


Surname 1
Discussion: Singapore
Singapore is considered to be number 12 when it comes to being the best country for
business in the world over. This is due to several reasons. Firstly, Singapore is considered to be
as such due to the small rate of inflation which stands at -0.5%. The unemployment rate is also
another reason since the rate is at only 1.9% (Forbes). Investors would also be attracted by the
stable prices in the region....

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