Description
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:
https://www.export.gov/welcome
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 |
Explanation & Answer
Attached.
1
Running head: GLOBALIZATION- DENMARK
Globalization-Denmark
Student’s Name
Institution
2
GLOBALIZATION- DENMARK
Globalization- Denmark
Denmark is a country found in Europe and it is the 39th largest national economy
measured by the nominal gross domestic product and the 60th largest in purchasing power parity.
It is praised all over the world for being the best test market hence making it an attractive region
to carry out business. When planning to do business in a foreign country, one must be prepared
to experience things tha...
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