BSB119 Global Business
This assessment item has three parts. Please read the requirements for all parts carefully.
(a) Drawing conclusions from socio-economic data. (12 marks)
Task: The below table shows socio-economic data of two fictitious countries. From the perspective of a business considering the possibility of undertaking business in these countries, consider what the data could mean and present three conclusions. Each conclusion should compare both countries using at least two variables. (4 marks per conclusion)
Note: You can relate each conclusion to any type of international business (eg. you can present a conclusion from the perspective of a business choosing a new export market, a business seeking an import source, a business choosing a location for FDI, etc). Each conclusion should be at least about
150 words but not more than 200 words.
Country
|
Country A
|
Country B
|
1. Population
|
207.35 million
|
96.16 million
|
2. Area
|
8.52 million km²
|
331,210 km²
|
3. GDP
|
US$2.081 trillion
|
$216 billion
|
4. GDP Per capita (PPP)
|
US$ 15,500
|
US$ 6,900
|
5. Gini Coefficient
|
.51
|
.35
|
6. Population below poverty line
|
3.7%
|
11.3%
|
7. % of Urban Population
|
86.2%
|
34.9%
|
8. Main Exports
|
Transport equipment, iron ore, soybeans, footwear, coffee.
|
Clothes, shoes, electronics, seafood, rice, wooden products, crude oil.
|
9. Main Imports
|
Machinery, electrical & transport equipment, chemical products, oil, automotive parts.
|
Machinery & equipment, petroleum products, steel products, raw materials for manufacturing industries, automobiles.
|
10. Inflation
|
3.7%
|
4.4%
|
11. Internet Users (% of Population)
|
59.7%
|
42.7%
|
12. UN Human Development Index (HDI)
|
.514
|
.337
|
13. Adult literacy rate
14. Labour Force by Occupation
|
92.6%
10% agriculture, 39.8% industry, 50.2% services
|
94.5%
48% agriculture, 21% industry, 31% services
|
15. Unemployment
|
13.1%
|
2.3%
|
(c) Foreign market entry mode – international joint venture (5 marks)
Task: A successful tech-based Australian firm is considering either to enter a foreign market through an international joint venture or to set up a wholly owned subsidiary. Explain the meaning of
international joint venture
as a foreign market entry mode and compare its benefits and risks against setting up a
wholly owned subsidiary.
Note: This part should be at least about
200 words but not more than 250 words.
Format
Your submission should follow the below format. Use APA style for referencing.
Part A
1 Conclusion 1.
2 Conclusion 2.
3 Conclusion 3.
Part B
Graph
Part C
International joint venture