International Business Essay
Complete both parts:
Part One
|
Your company is deciding to expand to the following countries, and you and two other managers will have to visit these countries to set up operations. You have $1,500.00 to convert in each currency. Copy and paste this table into a new document and compute the following: Country/currency
|
USD value/rate (as of 08/14)
|
Exchange amount
|
|
Japanese yen
|
$102.28
|
|
Euro
|
$0.75
|
|
British pound
|
$0.60
|
Part Two
Answer to the following questions. Your paper should be three pages in length, double spaced, and use APA style guidelines.
1. Within the past decade, the IMF has provided financial assistance (bailout) to Greece (2010, 1st quarter), Iceland (2008, 4th quarter), Ukraine (2014, 2nd quarter), and Hungary (2008, 4th quarter). Describe the recovery process in each country as a result of this assistance. Also determine whether or not there was an increase/decrease in:
1. GDP
2.inflation, and
3. unemployment
Daniels, J. D., Radebaugh, L. H., & Sullivan, D. P. (2015). International business: Environments and operations (15th ed.). Upper Saddle River, NJ: Pearson Education