International Market Evaluation
Political and Legal Environment Comparison: Canada vs. Australia
Both Canada and Australia are reported to have a 'Country Risk Tier (CRT)' that reflects "A.M. Best's assessment of three categories of risk: Economic, Political and Financial System Risk stated in the case of Canada and Australia to be CRT-1 classification which is characterized by "very low levels of economic, political and financial system risk." (AMB Country Risk Report, 2010) The economic risk in Canada is reported to be 'very low' and the political risk in Canada is also stated at very low since Canada is a "high income country with significant natural resources and an established legal system." (AMB Country Risk Report, 2010) The economy of Canada is directly impacted by the U.S. financial system. The budget of Canada is reported to have moved "into deficit as the government has used fiscal policy to help stimulate the economy." (AMB Country Risk Report, 2010) The Risk in Canada's Financial System is reported as being 'very low" as: (1) Insurance companies in Canada can be licensed at a national and/or provincial level; (2) Federal companies are registered under the Insurance Companies Act of Canada and are regulated by the Office of the Superintendent of Financial Institutions of Canada." (Country Risk Report, 2010) The country of Australia is reported to reflect, as does Canada, "…A.M. Best's assessment of three categories of risk: Economic, Political and Financial System Risk. Australia is a CRT-1 country with very low levels of economic, political and financial system...
Globalization and competition within the international markets demands that multinational corporations employ a series of strategies aimed at ensuring that they maintain a competitive advantage over their rivals. Such strategies can never be realized without first being aware of the external environment differences. An external environment analysis is therefore a key factor in the formulation of a successful internationalization strategy (Kennedy,1984).In this paper, we explore the concept of external environmental
International expansion is one of the growth strategies that are embraced by companies in order to improve their bottom-line/profitability. In this paper, we present an elaborate international marketing strategy for Red Bull energy drink. The marketing plan begins with an introduction into the concept of international expansion and marketing and a brief overview of the company. A review of the main conclusions and recommendations is then presented. This is then
" (Veeramani, 2004) Stated as contributors to the export success of China are those as follows: 1) Favorable exchange rate; 2) Low wages; 3) Availability of labor; 4) Large domestic market; 5) Huge volume FDI inflows etc. (Veeramani, 2004) India is not far behind except the gap existing in the FDI volume into China and India, which remains a large gap. The FDI for India has been of much less importance as compared to China except in
It also creates consumer loyalty thereby ensuring dominance in the international market. Branding Branding helps to create consumer attachment to products Myers H., 2004. Samsung electronics gives more meaning to products and customer through branding its products. Branding according to Rumelt (1991) brings in the aspect of trust, loyalty and excellent value to customers. To venture in the international market branding is important for sustainability and survival Finch P., 2004. It is also an
International Finance The three companies that will be evaluated for purchase are LG, Sony and Xiaomi. Some of the report will discuss the individual companies, but a large portion of this report will go into discussing the country situations of these companies. They hail from South Korea, Japan and the People's Republic of China respectively. The differences between these Northeast Asian countries can be significant, and it is these differences that
"Opening up the financial system to foreign capital flows can lead, and has led, to disastrous financial crises, which have resulted in great pain, suffering and even violence" (Mishkin, 2006, p.9). Directly linked to the previous disadvantage and the basic definition of globalization, is the fact that the interdependence of sectors and institutions increases in a global market. In this instance then, a financial crisis within one country or within
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