Homework: Investing in a Country
Length: 4 pages.
Part I
Using a credible source, such as Culture Grams in the SUO Online Library or globalEdge, locate and select a country with under $1,500 gross domestic product [GDP] per capita. Research the country selected and provide answers to the following questions:
• Does this country export any products or services? If so, what products or services are exported?
• What are the two most frequently imported products or services and what countries provide those products or services?
• What is the rate of unemployment?
• What is the education situation or level of education for the people in this country?
Based on your research, assess whether this country has any national competitive advantage and discuss whether free trade agreements can benefit this country and, if so, how. Be specific in your response.
Part II
Based on the country selected in Part 1, develop scenarios where firms may invest in your country using the following strategies:
• Global standardization strategy
• Localization strategy
• Transnational strategy
• International strategy
For each strategy, develop one scenario where an organization would desire to enter the market of your chosen country. Describe the products or services offered by each firm and why the products and strategy were chosen. Cultural, political, and legal factors should be taken into consideration, as well as any informal or formal trade barriers.
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.