Select one of the poorest countries of the world (one with under $1000 gross domestic product [GDP] per capita). Research your chosen country and provide answers to the following questions:
- Does this country provide exports? If so, what products or services are exported?
- What quality or condition is the land in this country?
- What is the rate of unemployment?
- What is the education situation or level of education for the people in this country?
Based on the information provided, discern whether this country has any national competitive advantage and discuss whether free trade can benefit this country and, if so, how. Be specific in your response.
Based on your country of choice, 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 international firm would desire to enter the market of your chosen country. Describe the products or services offered by each firm and why the strategy was chosen. Cultural, political, and legal factors should be taken into consideration, as well as any informal or formal trade barriers.© BrainMass Inc. brainmass.com September 25, 2018, 11:37 pm ad1c9bdddf - https://brainmass.com/business/entrepreneurial-issues/poor-countries-538491
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This paper documents one of the poorest countries in the world and examines its exports, politics, laws, social life, products or services, quality or condition of living, the land, (un)employment, level of citizen education, and its national competitive advantage. It is also discussed whether free trade can benefit the country and how firms may potentially invest using the following strategies:
• Global standardization strategy • Transnational strategy
• Localization strategy • International strategy
The country of discussion is in Africa, and according to facts from CIA.gov, "Settlement of freed slaves from the US in what is today Liberia began in 1822; by 1847, the Americo-Liberians were able to establish a republic. William TUBMAN, president from 1944-71, did much to promote foreign investment and to bridge the economic, social, and political gaps between the descendants of the original settlers and the inhabitants of the interior."
Does this country provide exports? If so, what products or services are exported?
Liberia had been a producer and exporter of basic products, primarily raw timber and rubber and is reviving those sectors. Local manufacturing, mainly foreign owned, had been small in scope. President JOHNSON SIRLEAF, a Harvard-trained banker and administrator, has taken steps to reduce corruption, build support from international donors, and encourage private investment. Embargos on timber and diamond exports have been lifted, opening new sources of revenue for the government and Liberia shipped its first major timber exports to Europe in 2010. The country reached its Heavily Indebted Poor Countries initiative completion point in 2010 and nearly $5 billion of international debt was permanently eliminated. This ...
In this solution a poorest country is selected (one with under $1000 gross domestic product [GDP] per capita). Research is then probed in terms of products or services exported; the quality or condition of the land in the country; rate of unemployment; level of education for the people in the country, and much more.