What is the history of economic system


Discuss the below:

A regional bank has decided to open an office overseas for serving those businesses that are expanding internationally. Choose a country with a large financial center that you believe would be helpful to your customer base.

• Discuss some of the challenges you may face in this new environment.

o What are the cultural, ethnic, social, and educational characteristics?

• Describe the political and legal systems.

• How much does the government intervene in the private sector?

o How will that affect your financial institution?

• What type of economic system does it have?

o What is the history of that economic system?

• How is the country involved in international trade?

o How does the government get involved in trade issues?

o Will that help or hurt your financial institution?

• Will your presence in this country be helpful in your attempts to invest in other developing countries?

• Is this country involved in any regional integration efforts? How so?

• Why did you choose this location for your bank?

• As a manager, what would be your overall assessment about whether you want to pursue opening an office there?

o Are the financial risks worth taking?

o Will it be beneficial to all of the stakeholders?

o If you decide to pursue this, what type of presence do you think would be best suited to your objectives

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