INT 220 Module Three Assignment Template Economic And Politi ✓ Solved
INT 220 Module Three Assignment Template Economic and Political
Complete this template by replacing the bracketed text with the relevant information.
Section One
In the space below, describe your initial thoughts on how insights from the required data to be collected could help to inform business decisions. For example, consider what information each data point provides, whether you think some data points should be weighted more or less heavily than others in making a business decision, what ideal data points might look like for expansion into a new market for your product, the ways that different political systems may impact a decision, and so forth.
[Insert text.]
Section Two
Complete the provided table by finding the appropriate information and data points for each identified category using course and external resources, and explain the insight that each selected statistic provides for business professionals.
Insight explanations can be completed using bullet points.
| Category | Brazil | China | [Insert Country Selection From Course Project] |
|---|---|---|---|
| Political System | [Insert information.] | [Insert information.] | [Insert information.] |
| Economic Classification | [Insert information.] | [Insert information.] | [Insert information.] |
| Economic Blocs Impacting Trade | [Insert information.] | [Insert information.] | [Insert information.] |
| Gross Domestic Product | [Insert information.] | [Insert information.] | [Insert information.] |
| Purchasing Power Parity | [Insert information.] | [Insert information.] | [Insert information.] |
| Gross Domestic Product Per Capita | [Insert information.] | [Insert information.] | [Insert information.] |
| Human Development Index | [Insert information.] | [Insert information.] | [Insert information.] |
| Gender Development Index | [Insert information.] | [Insert information.] | [Insert information.] |
| Gender Empowerment Measure | [Insert information.] | [Insert information.] | [Insert information.] |
| Human Poverty Index | [Insert information.] | [Insert information.] | [Insert information.] |
Section Three
Rank the appropriateness of introducing your selected product into the three markets from “most appropriate” to “least appropriate” using the gathered political and economic data you collected, then provide a rationale for why you ranked the markets the way you did based on the data you gathered.
[Insert text.]
Paper For Above Instructions
In today’s global economy, understanding the economic and political environments of different countries is crucial for informed business decision-making. The initial insights gathered from the required data points can significantly assist in evaluating new market opportunities for expansion. This paper explores how data related to political systems, economic classifications, and other relevant metrics can influence strategic business decisions.
Importance of Insights in Business Decisions
Data collected from various categories provides deep insights that help businesses assess the viability of entering a new market. For instance, understanding the political system of a country can shed light on stability, regulatory practices, and potential risks. Conversely, economic classifications such as GDP and PPP offer insights into market size, consumer purchasing power, and overall economic health.
When considering different data points, it is essential to evaluate their relevance and weight in decision-making. For instance, in a country with high GDP but low Human Development Index, there may be significant wealth concentrated in a small portion of the population, indicating a need for a tailored marketing strategy. Thus, data should not only be analyzed individually but in combination to formulate an overall market viability strategy.
Gathering Data for Brazil and China
In examining Brazil and China, various economic and political statistics reveal unique opportunities and challenges that a business must navigate:
- Political System: Brazil operates as a democratic republic where laws are passed through a complex process, while China is a socialist state led by the Communist Party. This fundamental difference can affect everything from market access to business regulations.
- Economic Classification: Brazil is characterized as an upper-middle-income nation, while China is labeled as a mixed economy with a strong manufacturing sector, providing significant export opportunities.
- GDP and GDP Per Capita: According to the most recent data, Brazil's GDP is approximately $1.44 trillion, whereas China's GDP stands at around $17.73 trillion. This disparity showcases the larger market potential in China for new products. Additionally, China’s GDP per capita is $12,556 as compared to Brazil’s $6,450, indicating a more significant consumer purchasing capability in China.
- Human Development Index (HDI): Brazil's HDI is 0.765 compared to China's HDI of 0.761, which suggests relatively similar standards of living between the two countries but different consumer behaviors and preferences based on cultural differences.
Ranking Appropriateness of Market Entry
Based on the gathered data and analysis, I would rank the appropriateness of entering the three markets as follows:
- China - due to its massive market size, growing middle class, and economic growth potential.
- Brazil - while promising, Brazil shows signs of economic challenges that may affect long-term planning.
- [Insert Country Name] - based on comparative disadvantages in economic or political stability, making it the least appropriate for expansion.
This ranking provides a strategic approach that incorporates numerous data points and insights into making sound business decisions in international markets.
References
- World Bank. (2023). Brazil Economic Outlook. Retrieved from https://www.worldbank.org/en/country/brazil/overview
- World Bank. (2023). China Economic Outlook. Retrieved from https://www.worldbank.org/en/country/china/overview
- United Nations Development Programme. (2023). Human Development Reports. Retrieved from http://hdr.undp.org/en/indicators
- International Monetary Fund. (2023). World Economic Outlook Database. Retrieved from https://www.imf.org/en/Publications/WEO/weo-database
- OECD. (2023). Economic Surveys: Brazil. Retrieved from https://www.oecd.org/economy/surveys/brazil-economic-snapshot/
- OECD. (2023). Economic Surveys: China. Retrieved from https://www.oecd.org/economy/surveys/china-economic-snapshot/
- CIA World Factbook. (2023). Brazil. Retrieved from https://www.cia.gov/the-world-factbook/countries/brazil/
- CIA World Factbook. (2023). China. Retrieved from https://www.cia.gov/the-world-factbook/countries/china/
- Trading Economics. (2023). Brazil GDP and Economic Overview. Retrieved from https://tradingeconomics.com/brazil/gdp
- Trading Economics. (2023). China GDP and Economic Overview. Retrieved from https://tradingeconomics.com/china/gdp