Course:BUS201 FALL 2017Assignment title: International Business ProjectSemester:Fall 2017Instructor:Mr. Costas Ellinas.Student:Yiannis Tsoutsoukis.
1.DominicanRepublic, Ukraine and Venezuela are three of the most high-risk countries fordoing business because of their unstable political and economical environment.Firstly,let’s start with Venezuela a North America country. In 2013 Nicolas Maduro was electedpresident from the same political party (Chavistas – Leftist) late presidentHugo Chavez was.
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Maduro is being accusedof eroding Venezuela’s democratic institutions and mismanaged its economy. Maduroheld a total of 11 elections, while they concentrated executive power,destroyed the system of checks and balances and curtailed civil rights*. 22 people were killed* in protests againstgovernments actions which implicates the military-controlled government of Venezuela. Accordingto many sources is the worst country to do business in. Is on the bottom of the list in GlobalResilience Index with 0 score*, ranked as the most risky emerging market in theworld * and after Mexico is the most violent country with rate of murder 91.8%per 100.
* By IMF Figure, it has the world’s most negative growth (-8%) and theworld’s worst inflation rate (482%). Foreign Policy* Base Yield Index ranksVenezuela as last due to low returns that investors receive when investing inVenezuela. Thesecond country I identify is South Sudan, the newest nation of the world. SouthSudan civil war is a conflict between government forces and the oppositionforces (rebellions). Accordingto UN; tens of thousands have been killed, 2500 children have been recruitedand sexual and gender-based violence is increasing*. Civil war had a very badimpact on South Sudan economy. Before the civil war, government debt was 3.
9 millionand increased to 8.1 billion by the end of 2014. South Sudan’s inflation ratehit 830 per cent in late 2016, and the South Sudanese pound has been on a freefall*., Thegovernment spends a large part of its national budget on arms. 100.000 peopleare facing starvation and 5 million people are at risk of famine. Although apeace agreement was signed in 2015, peace is uncertainty as the clashes betweenthe two sides continues. Thirdand last country I identify for this report is an Eastern Europe country andmember of the ex-Soviet Union, Ukraine.
Ukraine’s debate after Soviet Union collapsewas always to choose between east and west which that translates between Russiaand EU (European Union). Clashesbetween government forces and pro-Russian rebels are still on track with manycivilians deaths from 2014 until today. Russia and EU interest to have closerelationship with Ukraine divided the country’s population. 70 percent ofUkrainians are Ukraine-speaking and the other 30 percent Russian-speaking. Manyinternational countries including United States, Germany and United Kingdomaccuse Russia for Crimea’s incident back in 2014 and for supporting the rebelforces. Accordingto Corruption Perception Index*, Ukraine is first in corruption ranking inEurope and the most risky country in Europe (FM). Political instabilitycontinues with the resignation of Prime Minister of Ukraine in 2016. Today, thesituation is slightly improved due to the support of International MonetaryFund and European Union but factors such as corruption which is a major problemin Eastern Europe countries and the political;-military threat of Russia mustbe considered very serious.
2.Bythe term Anti-globalization movement we mean the international social movementnetwork that occurred after the protests in Seattle, 1999. This global movementrepresents people from different ideological beliefs and orientations that areagainst neo-liberalism which promotes unbound markets and free trade(capitalist globalization). Oneof the major arguments of the movement is that globalization has led to anincrease of environmental pollution and damage. Due to globalize industrial activity, human-made chemicals are throwninto the soil and there is a growth of polluted plants.
This affect alsoanimals, plants and humans and there is a high risk for developingpollution-related diseases. Atsufficient dosages a large number of soil contaminants can cause death byexposure via direct contact, inhalation or ingestion of contaminants in throughsoil. Anotherargument regarding globalization is the low wages of the workers in global industries.The anti globalization movement argues that in developing countries workers arepaid less of their actual production and that the working conditions are bad.On the other hand supporters of globalization claim that if the workers weren’tbeen employed by big industries would earn less than their current wage. 3. 4. A) Cyprus pound lira was replaced on January2008 by Euro at the fixed exchange rate 1EUR=0585274.
1 USD= 0.49268 CYP Kenyan Shilling(KSh) 1 KES= 0.00970 USD Dubai Dirham to USD : 1 AED = 0.
27229USD Japanese Yen to USD: 1 YEN= 0.01 USD B) There is no official mission of HewlettPackard Corporation but this is expressed through the “HP WAY”. Our CorporateObjectives: Customer loyalty. We earn customer respect and loyalty byconsistently providing the highest quality and value.
Objectives are the follow:We achieve sufficient profit to finance growth, create value forour shareholders and achieve our corporate objectives. We recognize and seizeopportunities for growth that builds upon our strengths andcompetencies.HPoperates more than 770 sites in 95 countries.
Their operations include and thefive regions. Some of the countries that HP operates: Singapore, Canada,Cyprus, South Africa, Israel, Lithuania, Greece, Slovenia, Germany, Japan.C) Bulgarian economy has experiencedrapid growth in recent years reaching estimated gross domestic product (GDP) of$152 billion (PPP, 2017 est.
), GDP per capita of $21,498(PPP, 2017 EST.) The GDP per Capita in Cyprus isequivalent to 224 percent of the world’s average and GDP is 23,324.20 USD. China’s currency is Renminbi(RMB). China does not have a floating exchange rate thatis determined by market forces, as is the case with most advanced economies.Instead it pegs its currency, the Yuan (or renminbi), to the U.S.
dollar. The Yuanwas pegged to the greenback at 8.28 to the dollar for more than a decadestarting in 1994. D ) India has four national holidays: Republic Dayon 26 January, InternationalWorkers’ Day on 1 May, IndependenceDay on 15 August and Mahatma Gandhi’s birthday on 2 October. Onlythe secular holidays of Republic Day, Independence Day and Mahatma Gandhi’sBirthday are observed nationally. Public holidays in India tend to be observedon a strictly regional basis. The above dates are Government of India holidays,when government offices will be closed nationwide. In addition, there arenumerous festivals and fairs which are also observed in some states asholidays, the dates of which change from year to year.
Muslim festivals aretimed according to local sightings of various phases of the moon and the datesgiven above are the latest known dates. Although not government officialholidays, Christmas Day and New Year’s Day are observed nationally.