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The political economy of a country can significantly affect your ability to conduct business in that country and present unexpected challenges

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The political economy of a country can significantly affect your ability to conduct business in that country and present unexpected challenges. Researching the political economy of a country in advance will be critical to your success in entering that foreign market.

Your posting for this discussion will have two parts. First, you will reflect on the concerns you have regarding doing business in another country.  Then, you will research the legal system and economy of the focus country you selected (France)

Part #1 Reflect

Note: Answer these questions prior to starting your research for this part of the project.

• What concerns do you have conducting business in a foreign country where you are unfamiliar with the laws, political system, or ethical climate? (3 pts)
• What obstacles can you foresee if you were to enter your focus country’s market without first researching the political economy? (3 pts)

Part #2 Research and Apply

For this part of the discussion, research each of the prompts below in regards to your focus county. You will need to provide a link to any online source you use and a citation (either MLA or APA) for any print sources referenced. Wikipedia is not an acceptable research source. When you have completed your research, share your findings.

Note: The CIA World Factbook is an excellent resource for questions 3 – 5.

• What type of political system does your focus country have? (Examples: Democracy, Constitutional Monarchy, Socialism, Theocracy, etc.) Does this political system present a challenge to your ability to conduct business in this country? Why or why not? (4 pts)
• What type of economic system does it have (centrally planned, mixed, or market)?  How will this economic system impact your ability to conduct business in this country? (4 pts)
• What type of legal system does it have? (Examples: Legal system based on common, civil, or theocratic law) Does this legal system present a challenge to your ability to conduct business in this country? Why or why not? (4 pts)
• Transparency International provides a Perceived Corruption Index rating (PCI) for each nation. Visit the site and identify the perceived level of corruption in your focus nation for the most recent year. Note: Countries are ranked from least corrupt to most corrupt. Does your country’s corruption rating surprise you? Why or why not? Would the corruption level be cause for concern when entering this market? What ethical issues does this corruption ranking raise for you if you were to enter this market? (4 pts)
• Has your research of the political economy of your focus country increased your confidence regarding the potential to succeed in this market or has it generated more cause for concern? Explain. What actions can you take to alleviate your concerns regarding entering this market? (5 pts)

Make sure to write fully developed sentences in response to each question and provide a link or citation for each of your information sources. There will be a 20% score reduction if your sources are not referenced.