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Where do the top 3 exports go? What patterns and growth do you see?      China. Major exports include iron ore, coal and gold Japan. Major exports include coal, iron ore and beef United States. Major exports include beef, aircraft and spacecraft parts, and alcoholic beverages Top 3 Exported Goods (2015): Oil & Mineral Fuels, Ores, and Precious Stones & Metals Decline in exports from 2012 to present. What is your countries FDI Confidence index number? Has it risen or fallen?  Number 7 with a gain of 3. Ranking in Freedom Market, what factors were taken into consideration?     Free Freedom Rating-1 Political Rights-1 Civil Liberties -1 Doing Business- overall ranked 15    How easily contracts are enforced- rank 3 How property can be registered- rank 47 How investors can be protected- rank 62 . Evaluate commercial transactions risks for foreign operations, indicate corrective measures with high risk    Political Risk (1 to 7) o Short Term-1 o Medium/Long Term-1 o Special Transactions-1 Commercial Risk (A to C)-A Direct investments (1 to 7) o War Risk-1 o Risk of expropriation and government action-1 o Transfer risk-1 Identify terrorism threat and political risk  Low risk- both Describe the most striking cultural characteristics that may affect business interactions   Australians are generally laid back, open and direct. They say what they mean and are generally more individual and outgoing than other cultures not formal, so greetings, even initial greetings, are casual and laid back Identify 5 tips regrading business etiquette      Common to shake hands and Australians would normally just use first names to introduce people. Australians are very straightforward and direct Decision making can be a slower process, need Patience Treat all of your employees with equal respect and consult them when making any company decisions. There is no “micro-management” What is the latest annual Country Reports on Human Rights Practices? What commonalities and differences are there?  What problems does your country have with bribery?  “Corruption is not an obstacle to business in Australia, which is known for its well-functioning and independent judiciary, transparent regulatory climate and overall low levels of corruption. However, corruption risks exist in relation to foreign bribery and the mining industry. The Criminal Code covers bribery of foreign and domestic public officials, while each of Australia's states and territories has its own anti-corruption provisions.” Where does your country fall in exports and imports of merchandise trade?        Economy: Australia WTO Member as of 1 January 1995 Type of trade: Merchandise trade Commodity/Sector: Total merchandise Trade flow: Exports Year: 2015 Trade with: World Outline the most important foreign trade policies  ‘ Is the country a member of WTO  WTO Member as of 1 January 1995 Identify currency of country  Australian Dollar Is there a foreign exchange risk?  periods of instability and readjustment Give big mac index in terms of currency value, is it over valued or undervalued?     AustraliaJuly 2016Price: $4.30 (A$5.75) Raw index: undervalued by 14.6% Actual exchange rate: 1.34 Implied exchange rate*: 1.14
Introduction  Comparative   Conclusion  Global   Edge   Chapter:  1.              Globalization  a.               W   here   do   the   top   3  exports   go?   What   patterns   and   growth   do   you   see?    b.              What   is   your   countries   FDI   Confidence   index   number?   Has   it   risen   or   fallen?­direct­investment­confidence­index     2.              National   Differences   in   Political   Economy  a.               R   anking   in   Freedom   Market,   what   factors   were   taken   into   consideration?­world/freedom­world­2015#.WCteBfkrLIV  b.              World   Bank   “Doing   Business   Indicator“­   how   easily   contracts   are   enforced,   how   property  can   be   registered,   how   investors   can   be   protected.   :  go   into  Explore   Economy   Data   and   select   country     3.              National   Differences   in   Economic   Development  a.               E   valuate   commercial   transactions   risks   for   foreign   operations,   indicate   corrective   measures  with   high   risk.   :  select   Total   view   on   risks   in   all   countries  and   pick   country   b.              Identify   terrorism   threat   and   political   risk   :  to  sign   up   :  i.  Name   First                                                                          ii.              Name   Last                                                                iii.              Company­   King’s                                                              iv.              Profession­   Student                                                              v.  Email­   King’s   email                                                                                 4.              Differences   in   Culture  a.               D   escribe   the   most   striking   cultural   characteristics   that   may   affect   business   interactions  b.              Identify   5  tips   regrading   business   etiquette­vulture.html   :  search   country   and   click   Guide   To  Country   ­  Etiquette,   Customs,   Culture   &  Business   or     5.              Ethics,   Corporate   Social   Responsibility,   and   Sustainability  a.               W   hat   is   the   latest   annual   Country   Reports   on   Human   Rights   Practices,   findings   are   under  the   “Worker’s   Rights”   section.   What   commonalities   and   differences   are   there?   :  click   a  year,   find   your   country,   click   table   of   contents   and  select   section   7  Workers   Rights  b.              What   problems   does   your   country   have   with   bribery?   :  search   country,   click   on   country   profile     6.              International   Trade   Theory  a.               W   here   does   your   country   fall   in   exports   and   imports   of   merchandise   trade?   or MAPS&file=Map.wcdf&bookmarkState={%22impl%22:%22client%22,%22params%22:{%22l angParam%22:%22en%22}}     7.              Government   Policy   and   International   Trade  a.               O   utline   the   most   important   foreign   trade   policies:­regions  b.              Is   the   country   a  member   of   WTO?  8.     9.  A     10.      The   Foreign   Exchange   Market  a.               I  dentify   currency   of   country,   is   there   a  foreign   exchange   risk?   Give   big   mac   index   in   terms  of   currency   value,   is   it   over   valued   or   undervalued?­mac­index   ,   ,   

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