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    International Business

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    As a Venezuelan business owner (Hyungju Computer Inc.), you are very interested in the fact that Venezuela has recently been accepted as an associate member of MERCOSUR (July, 2004). You need to prepare your operations in view of this new reality.

    Develop a plan for your business that will be implemented as Venezuela becomes part of MERCOSUR. Your business plan should include the following:

    1. Benefits and drawbacks for your business (Hyungju Computer Inc.) as a result of their membership in MERCOSUR
    2. What adjustments will need to be made to your business as a result of this?

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    The Mercosur was created by Argentina, Brazil, Paraguay and Uruguay in March 1991 with the signing of the Treaty of Asuncion. It allows a common market/customs union between the participating countries on the basis of various forms of economic co-operation. Common markets are advantageous as they enable sharing of resources, creation of trade links, ...