Research Paper on "Country Study"

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[EXCERPT] . . . .

country of Mexico provides a wonderful opportunity for an enterprising entrepreneur to establish himself in the North American market. Mexico is considered to be the gateway to doing business in Latin America and North America and it has, in recent years, demonstrated an economic ascension. The government of Mexico has made a furtive effort to modernize the overall economic climate and toward this end has updated the country's infrastructure and encouraged the creation of start-up businesses. In this regard, Mexico has attempted to expand in both the service and industrial sectors and has enjoyed a respectable 5.5% growth in gross domestic product (GDP) in the past year.

Presently, Mexico is ranked as the 13th largest economy in the world and, as such, presents itself as a good investment possibility for those considering stable business opportunities. With a national population of 113 million people and an urban population of 86 million, Mexico presents a large market for companies seeking to market a variety of products.

Mexico enjoys a free market economy and is an active participant in the North American Free Trade Agreement (NAFTA) which has allowed it to increase its imports to the United States and Canada significantly over the past decade and a half. Mexico has also increased its share of imports to other areas of the world including Europe, Japan, China, and India.

The GDP of Mexico in calendar year 2010 was 1.567 trillion dollars which resulted in a per capita GDP of $13,900. In the past few years the Government has attempted to modernize the employment structure within the country by passing legislation that brought badly needed reforms to wo

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rkers' pensions and the nation's fiscal program. Such reforms served to bring Mexico in line with such programs existing in the United States and Western Europe.

The major industries in Mexico can be divided into three sectors: service, agriculture, and industry. At the present time, the service sector enjoys the greatest percentage of overall business comprising over 64% of the Mexican economy while just over 31% is dedicated toward industry and only 4% of the GDP realized through agriculture.

Agriculturally, Mexico is capable of producing a wide range of products but corn production remains its most popular product as Mexico is the world's fourth largest corn producer. In the industrial sector, Mexico is heavily involved in the automobile industry with most of the major automobile companies operating plants in various locations throughout the country. The service sector of the economy is extremely well diversified but tourism, because of Mexico's climate and long coastlines, remains a significant factor.

II. Culture

Culturally, Mexico enjoys a long and rich history. Its population has been shaped by a long tradition of immigration and the mixing of indigenous civilizations (DeMente). The result has been the development of a culture that is unique among the world and, therefore, anyone planning to engage in business in Mexico must be careful to educate himself in the complex Mexican heritage.

Business inside Mexico tends to be conducted in a relaxed, informal manner. The Mexican people are non-confrontational and attempt to maintain a certain measure of harmony at all times. Business relationships are developed slowly and a strong feeling of trust must be established. Toward this end, patience is a key to business success (Stephens).

Because of the strong influence of family in the life of most Mexicans, it is not unusual that a great number of Mexican businesses are family owned and that within the context of the business operation that a great number of the employees of the business will also be family members. This family influence extends to the political arena as well where nepotism is frequently found.

As indicated earlier, patience is an essential element of doing business inside Mexico. There is often not a sense of urgency when it comes to performing tasks in Mexico. Everything seems to progress at a slower pace in Mexico and one should expect that matters will take longer to become finalized. There is no sense of urgency when conducting affairs in Mexico.

III. Risks

Despite the fact that the Mexican economy appears to be enjoying solid growth and is ranked among the world's largest, it should be remembered that this is a relatively new development. Throughout most of its history Mexico has suffered as an impoverished nation both economically and politically. It has only been within the past decade that Mexico has begun to establish itself on the world stage. Beginning in 2000, Mexico… READ MORE

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Quoted Instructions for "Country Study" Assignment:

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You are to select a nation other than the US or Canada and conduct a detailed analysis of the business conditions in that country. You will then identify industries and/or specific opportunities that represent good potential investments in that country.

Format:

The report should be 4 ***** 8 pages long, in 12 point Times New Roman or a similar typeface. Please do not use more than double spacing. The report should be divided into the following sections:

1. General Description ***** Describe the current economic and political conditions in the country. This will include issues such as type of government, population, GDP, primary industries and exports, currency, and income levels. .5 ***** 1 page.

2. Culture ***** Describe any aspects of national culture that could affect business there. This could include things like religious restrictions, language barriers, or ethnic conflicts. .5 ***** 1 page

3. Risks ***** Describe the political and economic risks in the country. This should include things like debt levels and likely currency devaluations, legal or trade restrictions, corruption or instability in government, and the general treatment of foreign firms and investors. The best papers will look at the recent history of the country for things like currency crises, government collapses/revolutions, or the implementation of restrictive trade policies. 2 ***** 4 pages

4. Potential Rewards ***** Describe promising opportunities for international business in this country. Are there specific industries or business opportunities that look rewarding? Are there products that could be introduced to the market that would sell well? Are there good sources of production factors that could be used to reduce costs or improve productivity in foreign companies? These could include things like low cost and/or highly-educated labor, natural resources, convenient geographic location, or particularly favorable rules or laws. 1 ***** 2 pages

You are welcome to use graphs, charts, photos, etc to help illustrate your point and communicate effectively. The overall style of the paper should be business-like and readable, with white space between sections and plenty of headings and sub-headings to improve readability. NOTE: This assignment is written in a format that I would consider very effective.

Please cite all sources. I prefer a bibliography page at the end but you can use footnotes if you want to show off your knowledge of MSWord.

Evaluation

You will be graded on the following basis:

General description ***** 20%. I will be looking for detailed research and a concise presentation. Your facts should be as current as possible and include international sources as well as material from the country you are writing about.

Culture ***** 20%. I will be looking for good research and recognition of what culture means and why. Weak papers will simply tell me something about the culture. Strong papers will tell me why it is important and how it affects business.

Risks ***** 30%. This is the most important part of the paper and I will be looking for thorough research and good sources as well as good analysis. The best papers will look at past events such as the experiences of particular international businesses to illustrate the risks. The best papers will also cover a broad range of risks. Weaker papers will tend to repeat the facts already described in previous sections and just call them risks.

Potential Rewards ***** 20%. This is the section where you get to be a little creative and try to apply your general knowledge of business as well as your research about the country itself. The best papers will address ideas and opportunities that are not obvious and that may have been overlooked by others. You can also improve your grade by identifying opportunities that look obvious on the surface but which are really subject to hidden risks. Tell me what will work and what might not.

General Writing and Research ***** 10%. This portion of the grade covers how well you organize and communicate your material and conclusions.

How to Reference "Country Study" Research Paper in a Bibliography

“Country Study.” A1-TermPaper.com, 2011, https://www.a1-termpaper.com/topics/essay/country-mexico-provides/92013. Accessed 28 Sep 2024.

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A1-TermPaper.com. (2011). Country Study. [online] Available at: https://www.a1-termpaper.com/topics/essay/country-mexico-provides/92013 [Accessed 28 Sep, 2024].

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1. Country Study [Internet]. A1-TermPaper.com. 2011 [cited 28 September 2024]. Available from: https://www.a1-termpaper.com/topics/essay/country-mexico-provides/92013

1. Country Study. A1-TermPaper.com. https://www.a1-termpaper.com/topics/essay/country-mexico-provides/92013. Published 2011. Accessed September 28, 2024.

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