Select ONE COUNTRY from EACH of the columns on the attached sheet. (Free Market, Socialist, Communist). These are the countries where you have identified a potential market for your amazing and highly effective new toothpaste “Forever Bright.”
I selected NORTH KOREA (Socialist), CHINA (Communist), UNITED KINGDOM (free market)
RESEARCH the countries you have selected using the CIA Factbook, globalEDGE, and Vision of Humanity as a starting point to determine the economic and political climate for our business venture.
For EACH country:
- Identify the OPPORTUNITIES and THREATS to your global business venture posed by the economic/political environment.
- If you decide to pursue your business venture in these countries, what are the specific risks that you face as an international business entrepreneur?
- What, if anything, can you do to mitigate the risks as an exporter into these countries?