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Relationship between trade and world output in international trade relations

You have been asked to evaluate the country you selected as a potential market for your product(s)/service(s) and present your findings to other managers of the organization in a memo. In your memo, be sure to address the following:
? Provide a brief overview of the company and why the country you selected may be a potential market.
? What type of political and legal systems does the country have?
? Do free elections take place?
? Is the government heavily involved in the economy?
? Is the legal system effective and impartial?
? Do political and legal conditions suggest that it should be further considered as a potential market?

Objective: ? Explain the impact of culture on business activities around the world.
? Describe the global business environment.

(part 2)

1. Explain the relation between trade and world output.
2. Describe the broad pattern of international trade.
3. If the nations of the world were to suddenly cut off all trade with one another, what products might you no longer be able to obtain in your country( USA)? Choose one other country and identify the products it would need to do without.

Solution Preview

Select a company and country that interests you.
You have been asked to evaluate the country you selected as a potential market for your product(s)/service(s) and present your findings to other managers of the organization in a memo. In your memo, be sure to address the following:
? Provide a brief overview of the company and why the country you selected may be a potential market.
? What type of political and legal systems does the country have?
? Do free elections take place?
? Is the government heavily involved in the economy?
? Is the legal system effective and impartial?
? Do political and legal conditions suggest that it should be further considered as a potential market?

I will chose one of the fastest growing economies of the world and one of the best emerging markets in the world: India as a potential market for my product/ service.

Overview of the company: The company is a leading automobile manufacturer manufacturing a wide range of vehicles, such as sedans, SUV's, Sports Cars for various market segments. The company is planning to launch its range of SUV's and Sports Cars in the Indian market, which is one the fastest growing emerging markets in the world with a new breed of population which has the pocket and desire to own such fancy vehicles.

Due to the ongoing IT and outsourcing boom and inflow of foreign capital in the country, India has become a favority destination for luxury product manufacturers, especially the automobile companies as an increasing part of the population is spending money on purchasing luxury cars. Thus, India offers an extremely exciting and potentially large market in the future for products such as SUV's and Sports cars.

India is not only one of the fastest growing emerging economy, next only to China in comparison, but also one of the largest as well due to its large and ever increasing population. In recent years, due to its enormous and qualified workforce making great leaps and bounds for the country in various important fields such as information technology, engineering, pharmaceuticals, etc., disposable income of the people have increased substantially. Moreover, the outsourcing phenomenon has led most of the big companies of the world to set up their operations in the country, leading to tremendous growth in infrastructure and other ...

Solution Summary

You have been asked to evaluate the country you selected as a potential market for your product(s)/service(s) and present your findings to other managers of the organization in a memo.

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