Using your chosen and approved country, explain why the following economic topics are an important part of doing international business.
Should be 2-3 pages.
Population
A. Total
1. Growth rates
2. Number of live births 3. Birthrates
B. Distribution of population
1. Age
2. Sex
3. Geographic areas (urban, suburban, and rural density and concentration) 4. Migration rates and patterns
5. Ethnic groups
Economic statistics and activity
A. Gross national product (GNP or GDP)
1. Total
2. Rate of growth (real GNP or GDP)
B. Personal income per capita C. Average family income
D. Distribution of wealth
1. Income classes
2. Proportion of the population in each class 3. Is the distribution distorted?
E. Minerals and resources F. Surface transportation
1. Modes
2. Availability 3. Usage rates 4. Ports
G. Communication systems
1. Types
2. Availability 3. Usage rates
H. Working conditions
1. Employer–employee relations 2. Employee participation
3. Salaries and benefits
I. Principal industries
1. What proportion of the GNP does each industry contribute?
2. Ratio of private to publicly owned industries
J. Foreign investment
1. Opportunities?
2. Which industries?
K. International trade statistics
1. Major exports
a. Dollar value
b. Trends 2. Major imports
a. Dollar value
b. Trends
3. Balance-of-payments situation
a. Surplus or deficit?
b. Recent trends 4. Exchange rates
a. Single or multiple exchange rates? b. Current rate of exchange
c. Trends
L. Trade restrictions
1. Embargoes 2. Quotas
3. Import taxes 4. Tariffs
5. Licensing
6. Customs duties
M. Extent of economic activity not included in cash income activities
1. Countertrades
a. Products generally offered for countertrading
b. Types of countertrades requested (barter, counterpurchase, etc.)
2. Foreign aid received
N. Labor force
1. Size
2. Unemployment rates
O. Inflation rates
Developments in science and technology
A. Current technology available (computers, machinery, tools, etc.) B. Percentage of GNP invested in research and development
C. Technological skills of the labor force and general population
Channels of distribution (macro analysis)
A. Retailers
1. Number of retailers
2. Typical size of retail outlets
3. Customary markup for various classes of goods
4. Methods of operation (cash/credit)
5. Scale of operation (large/small)
6. Role of chain stores, department stores, and specialty shops
B. Wholesale middlemen
1. Number and size
2. Customary markup for various classes of goods 3. Method of operation (cash/credit)
C. Import/export agents
D. Warehousing
E. Penetration of urban and rural markets
Media
A. Availability of media B. Costs
1. Television 2. Radio
3. Print
4. Internet
5. Other media (cinema, outdoor, etc.)
C. Agency assistance
D. Coverage of various media
E. Percentage of population reached by each medium