Global Edge – CIBER DATA- Post and response
I NEED THIS ASSIGNMENT FOR 2 DIFFERENT STUDENTS WITH THE SAME TEACHER ( 2 DIFFERENT COPIES FOR 2) I will upload the file to respond to it later(for 4 students)
MGT 365
BB – Global Edge – CIBER DATA
You can gain valuable insights into international business by examining how countries compare to each other. Various research groups and international agencies systematically examine economic, political, and other features of nations. Visit globalEDGE Tools and Data, scroll down and click Interactive Rankings. Select Countries. You will find dozens of criteria ranking countries based on GDP per capita; Educationliteracy rate; Peoplepopulation total; Peoplepopulation density; Healthmortality rate; Energyelectricity production; Infrastructuremobile cellular subscriptions; Infrastructureroads, total network; Trade and Investmentforeign direct investment net inflows; and many other factors.
Which of the following countries provides the best opportunity for USA Exports and international business? Present your selection, and explain based on the criteria you believe are most important. How did you integrate and weigh the data/information you based your decision on? Discuss the relative strengths of each country environment.
India,
Australia
Sweden
China
Japan
Does each country seem like a good place to do business? Why or why not? Hint: Evaluate countries on a per-capita basis by dividing each criterion by the countrys population.
globalEDGE(globaledge.msu.edu) assembles a collection of tools and games that will allow you to compare countries on a variety of statistical indicators, rank countries based on these indicators, and test your knowledge of country capitals from around the world.
Get Insights By Country:
http://globaledge.msu.edu/Global-Insights/By/country
Currency Converter
:
http://www.xe.com/
Country Comparator
:
http://globaledge.msu.edu/comparator
Ranking Countries
:
http://globaledge.msu.edu/global-resources/resource/5128
Country Tools and Data
:
http://globaledge.msu.edu/tools-and-data
Global Resource Directory:
http://globaledge.msu.edu/global-resources/
YOUR INITIAL POSTING MUST BE BY THURSDAY CLASS TIME! MGT 365 week 2 responses
Sheila Magnan
All of the countries we were asked to look at have different reasons for why they could be possible strong investments. From my personal research through the Michigan State University sites and one additional site I found on my own, I decided that India would be the best place to have foreign direct investment. India had some statistics that stood out to me compared to the other countries. For this data I primarily used the country comparison site and one additional source that I foundonline.I compared each countrys strength compared to the United States Dollar, literacy rate, the GDP PP International in United States Dollar, the inflation rate percentage and the overall GDP growth percentage through Michigan States sources. The United States holds a very strong dollar compared to India.What I was able to conclude was that India has a very strong GDP growth percentage of 7%. This holds promise that the economy is expanding, and it would be a good time to jump into the market. Additionally, their international GDP is about $9 trillion which account for their vast connections with the U.S. and other countries looking to outsource. India offers promise because of their large and skilled workforce with half of the population being of the working age and a 75% literacy rate for people of the working age over the age of 15. India has become pivotal in using their workforce for information technology services, which suits the ever-growing technology climate. They have a very diverse economy India emphasizes the importance of English in professional communication as well, which minimizes language barriers while doing business.I believe that India is the most practical to do business with because of these reasons.
Sarah Bellinger
All of the countries seem to be a pretty good place to do internationalbusiness with. For example, all of the countries have a pretty big population that could foster demand. Australia looks to be runner up in pretty much all of the criteria compared with all the other countries. Also, the fact that English is the main language, will make international business with the U.S. easier. China, as we all know, has been rapidly advancing. It is highly populated and seems to be a front runner in all the criteria listed above. Unfortunately, the government may not be easy to do international business with. India is another country with a lot of population potential. While that is good, the country ranks the lowest in a lot of the compared criteria which leads me to believe there needs to be more infrastructure and development there. Japan looks to be developed enough where it is evaluated in the middle of the compared criteria. Japan seems to be more advanced than any other country pertaining to mobile cellular subscriptions per capita. Last, but not least, Sweden fits in with all the other countries, but has an impressivelyhigh electricity production per capita.
While all the countries have potential,some would be better equipped to do international business withU.S. exports. I believe for U.S. companies to be successful in international business through exports, the number important thing to have is a good infrastructure, weather it be transportation or telecommunication. I evaluated electricity production, roads/total networks and mobile cellular subscriptions by dividing it into per capita. My results found that Australia and Swedenare the top in these areas. I used four other areas to identify that I would choose to do international business through exporting U.S. goods to Australia. While Sweden was ranked 10th out of 188 countries best to do business with, Australia was 14th. More importantly, I found that Australians speak 72.7% English as their main language. This would make communication a lot easier. Lastly, Australia would be better to facilitate international business with U.S. exports because they have a higher population and higher presence of foreign direct investment inflows. The last two criteria would make Australia more attractive to do international business with than Sweden.
Sydney Dennis
Cyber Data
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It is very common for US companies to do business with other countries. Exports and imports are a huge part of the world economy. There are many things to consider when trading between countries especially with tarriffsandcurrency exchanges. After browsing throughMSU’sdataonlineand doingsome further research, the best countrywouldprobably be either India or China.Comparitivelyto someof the other countries, like Australia for example. The time exporting and importing products fromAustralia would take a lot of time, fuelandmoney. Their market is good and theireconomy is great as well, but the distance doesn’t make sense. Also Australia, from my experience, is an extremelyexpensive country. With China or India, their populations are the highest in the world, andhave a large work force. China is alsostill the biggest exporterto the United States currently. According to the balancemb.com,”goods totaling $382.1 billion year-to-date as of the end of October 2019″ (balancemb.com).Reguardless, expanding from a domestic market to a global marketopens major opportunities. Most of the countrieslisted have a rising GDP, andany of them could potentially be good trading opportunities for the US. The only disadvantage to world trade is the constant changing of regulations and currency value.
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McKenzie Herman
Global Edge Cyber Data
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All of these countries provide some type of greatness to the United States. They all have different cultures, styles, and ways of life. All these countries are importing and exporting all different kinds of products. They all have different ways to ease the business, and this can have a big impact because this means each country has a ranking of how they can do business. This ranking is from 1-190, and the higher the ranking means regulatory environment is more conducive for operation of a local firm. India stands at 63 out of 190 meaning they are very high in certain business aspects such as construction [permits, electricity, and minority investors but they lack in other aspects. Australia is a lot lower than India is, they are standing at 14 out of 190 which is relatively low meaning they arent that stronger with aspects that India has. Looking at Sweden, they are even lower than Australia starting at 10 out of 190. Having Australia and Sweden with such a low population and population growth, this means I would not choose either of these countries to export. China is 31 out 190 which is stronger than Sweden and Australia put together. Also, for China having such a large population, that ensures that there will be more exporting and even importing happing. Japan is at 29 out of 190 which is relatively good for such a small country. Japan having a smaller population than India and China, I would have to take them out of the running as well. India and China are selling their products so cheap that it will be hard for the United States to compete with them. The United States can help grow Chinas and Indias GDP in many things such as software, consulting, and other intellectual property. China having the bigger population compared to India, this comes with more restrictions with the government and internet restrictions. Indias population is growing drastically, and it keeps growing which can be an advantage to the United States. India is offering mostly everything China is, but without as many issues and restrictions. So, I would choose India because it has the most opportunities for growth and freedom which will help the United states with exports and international business.
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