Please give me some idea about this blog question: It is important to understand and analyze...

70.2K

Verified Solution

Question

Accounting

Please give me some idea about this blog question:
It is important to understand and analyze a country’spolitical system before entering that market. Is it more importantfor a political system to be stable, or is it more important for itto be transparent?

Answer & Explanation Solved by verified expert

3.7 Ratings (307 Votes)

Understanding the Political Environment Politics are a crucial factor in the conduct of international trade Characteristics such as political stability the attitude of political leaders to foreigners and foreign trade or the degree of state intervention in the economy will affect a companys ability to enter a foreign market and turn a profit Government actions can influence the operation of market mechanisms positively or negatively If the international political context in the target market changes continuously it is imperative that the international marketer fully understand the political situation current and potential Political systems Political systems affect the degree of freedom that businesses can exercise in running their operations Democracies maintain stable business environments primarily through laws that protect individual property rights In a centrally planned political system there are government rules regulations and approval processes affecting many See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member