...012-IBE-CaseStudies.docx Academic Year 2011-2012 International Business Environment Jean-Guillaume DITTER, PhD Groupe ESC Dijon Bourgogne – Burgundy School of Business SUPPORT DOCUMENT I - CASE STUDIES The texts making-up this document review and emphasize significant issues covered during the sessions. The questions asked at the beginning of each set of texts are meant to help students identify the issues that they should pay attention to. Students will work in teams on one single case study (see class outline for number of students per team). Each team will produce a presentation slideshow of its case study (7-10 slides per presentation, depending on the size of the case). Slideshows will be presented orally during sessions, according to the class outline (1520mn per presentation). Each team member will actively participate in his/her team presentation. Page 1 of 35 012-IBE-CaseStudies.docx CONTENTS Case Study 1. Text 1. Text 2. Text 3. Case Study 2. Text 4. Case Study 3. Text 5. Text 6. Text 7. Case Study 4. Text 8. Text 9. Text 10. Text 11. Text 12. Text 13. Case Study 5. Text 14. Text 15. Text 16. Text 17. Text 18. Text 19. Case Study 6. Text 20. Text 21. Case Study 7. Text 22. Text 23. Text 24. Text 25. Chinese Mercantilism .................................................................................................... 3 Chinese New Year ............................................................................................................
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...Political system of South Korea has undergone a huge transformation to become a democratic country in 1987. South Korea became a stable democracy with strong political and economic support from the US The political landscape of the country include centralization of power which the implementation of economic reforms became faster and effective so that the country was fully focused on economic development and friendly to foreign investments, especially strengthening foreign relationships with emphasis on EU. According to economic forecast, South Korea is to become the seventh largest economy in the world within next ten years. Though the fact the relationship with North Korea remain tense and uneasy, the government aims to solve this situation in better way. Since crisis in 1997, the government opened the South Korean market to foreign investors by identifying Foreign direct investment (FDI) and abolished the harmful regulations on foreigner shareholdings in domestic companies. The taxation system and particularly corporate tax in South Korea was simplified encouraged foreign investments. |Current strengths: |Current challenge |Future prospects | |Centralized power of attorney |Military violence still |Confidence building measures with North Korea | |Political body willing for economic |existing with North Korea|Strengthening relations with the EU Future risks ...
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...Summary South Korea has been politically stable since becoming a democratic state. However, its relationship with North Korea continues to present a strong challenge. South Korea fell into a brief financial crisis in 1997 due to structural weakness in the banking sector, however strong economic and financial reforms quickly countered the downturn and put the country back on a growth path by the following year. With the opening up of markets after the financial crisis in 1997, the country became one of the largest technology markets in the world. As far as social issues are concerned, the country has low population growth and fertility rates, leading to an ageing population. Furthermore, the country has a highly qualified labor force, which makes it possible to both produce and commercialize advanced technologies. The country is also well equipped with extensive broadband network and telecommunication facilities. Legal procedures in the country are time consuming and complex, which makes it very difficult for foreign investors. The environmental scenario of the country is characterized by the breach of emission standards, which is reaching unreasonable limits in spite of its relatively small area and population in comparison to other countries. Republic of Korea: Country Analysis Report – In-depth PESTLE Insights © Datamonitor. This brief is a licensed product and is not to be photocopied Published 06/2008 Page 11 PESTLE analysis Political analysis Overview South Korea...
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...PESTLE analysis PESTLE ANALYSIS Summary South Korea has been politically stable since becoming a democratic state. However, its relationship with North Korea continues to present a strong challenge. South Korea fell into a brief financial crisis in 1997 due to structural weakness in the banking sector, however strong economic and financial reforms quickly countered the downturn and put the country back on a growth path by the following year. With the opening up of markets after the financial crisis in 1997, the country became one of the largest technology markets in the world. As far as social issues are concerned, the country has low population growth and fertility rates, leading to an ageing population. Furthermore, the country has a highly qualified labor force, which makes it possible to both produce and commercialize advanced technologies. The country is also well equipped with extensive broadband network and telecommunication facilities. Legal procedures in the country are time consuming and complex, which makes it very difficult for foreign investors. The environmental scenario of the country is characterized by the breach of emission standards, which is reaching unreasonable limits in spite of its relatively small area and population in comparison to other countries. Republic of Korea: Country Analysis Report – In-depth PESTLE Insights © Datamonitor. This brief is a licensed product and is not to be photocopied Published 06/2008 Page 11 PESTLE...
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...Delnaz Kasturwala By INTRODUCTION: South Korea has a market economy which ranks 15th in the world by nominal GDP and 12th by purchasing power parity (PPP), identifying it as one of the G-20 major economies. It is ahigh-income developed country, with a developed market, and is a member of OECD. South Korea is one of the Asian Tigers, and is the only developed country so far to have been included in the group of Next Eleven countries. South Korea had one of the world's fastest growing economies from the early 1960s to the late 1990s, and South Korea is still one of the fastest growing developed countries in the 2000s, along with Hong Kong, Singapore, and Taiwan, the other three members of Asian Tigers. South Koreans refer to this growth as the Miracle on the Han River. Having almost no natural resources and always suffering from overpopulation in its small territory, which deterred continued population growth and the formation of a large internal consumer market, South Korea adapted an export-oriented economic strategy to fuel its economy, and in 2010, South Korea was the seventh largest exporter and tenth largest importer in the world. Despite the South Korean economy's high growth potential and apparent structural stability, South Korea suffers perpetual damage to its credit rating in the stock market due to the belligerence of North Korea in times of deep military crises, which has an adverse effect on the financial markets of the South Korean economy.However, renowned financial...
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...PEST analysis korea I. POLITICAL ANALYSIS Current strengths: * Centralization of power * Political will for economic reforms * Strong foreign relationships Current challenges * Military influence in South Korean politics * Political violence Future prospects * Confidence building measures with North Korea * Strengthening relations with the EU Future risks * Uneasy relationship with North Korea * Government supports FTA * No red-tape & bureaucratic delays. * Transparent system II. ECONOMICAL ANALYSIS Current strengths ▪ Powerful export sector ▪ Successful economic reforms Current challenges ▪ Low level of imports Future prospects ▪ Competitive tax policy ▪ Liberalized service sector ▪ Implementation of free trade agreements (FTA) Per capita income is very high Corruption free environment, an educated & determinate workforce. Business friendly economy in the world III. SOCIAL ANALYSIS Current strengths ▪ High wages ▪ Highly educated workforce ▪ Rapid urbanization Current challenges ▪ Low fertility rates Future prospects ▪ Low unemployment rate ▪ Rising awareness of human rights multiracial & Multi cultural country High spending nature Future risks ▪ Rising power of labor unions IV. TECHNOLOGICAL ANALYSIS Current strengths ▪ Robust telecom sector ▪ Presence of large global and domestic players Current challenges ▪ Scarce natural resources...
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...Agreement and Trade Facilitation in the Middle East North Africa region…………………….10 2.3.1 Introduction………………………………………………………………………………..10 2.3.2 The Past……………………………………………………………………………………11 2.3.3 Conclusion…………………………………………………………………………………13 2.4 The North American Free Trade Agreement:Economic impacts of the agreement on United States of America and Mexico in comparison…………………………………………………14 2.4.1Introduction………………………………………………………………………………..14 2.4.2 About NAFTA……………………………………………………………………………15 2.4.3 Conclusion ……………………………………………………………………………….16 2.5 Effects of changes to USA-Korea Free Trade Agreements[FTA] On The Passenger Vehicle sector……………………………………………………………………………………………17 2.5.1 Introduction………………………………………………………………………………17 2.5.2 Changes to FTA to new[accompanying agreement]…………………………………18 2.5.3 Effects of changes on both imports and exports……………………………………..20 2.6 Singapore’s Free Trade Agreements{FTAs} with New Zealand……………………...23 2.6.1 Introduction…………………………………………………………………………..23 2.6.2 Singapore- New Zealand...
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...Hannah Why Invest in South Korea? Elaine Hannah Why Invest in South Korea? Why invest in emerging markets? To cash in where growth is today, and for the foreseeable future. But success is only possible if you have chosen the right entry modes to your market and understand the environmental, political and sociocultural factors of the chosen host country. This report analyses South Korea and demonstrates this emerging market is there for the taking if approached with shrewdness. The South Korean Government, after the financial crisis in 1997, decided it needed to make its country attractive for foreign direct investment, which resulted in the release of the Foreign Investment Promotion Act in 1998. This opened up a passage for 99.8% of Korea’s industry for direct investment. This report looks at the successes and failures of FDI’s in South Korea referred to as Korea from hereon, and what business factors influence these outcomes. Global Business Project Lecturer: Enda Murphy Student: 1063289, 1602617, 1728607 No of Words: 6198 Why invest in emerging markets? To cash in where growth is today, and for the foreseeable future. But success is only possible if you have chosen the right entry modes to your market and understand the environmental, political and sociocultural factors of the chosen host country. This report analyses South Korea and demonstrates this emerging market is there for the taking if approached with shrewdness. The South Korean Government, after the...
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...Economic and Trade Relations of China and Japan China contains more than 5,000 years of history. This remarkably long past earns china the title of the oldest civilization in the world. The country possesses the largest population of 1.344 billion and a Gross Domestic Product (GDP) of $7.318 trillion in U.S. dollars ("World bank, china," 2011). Although China has an extremely high GDP, the extremely large population is a problem since they cannot provide enough resources for the entire population. This makes it imperative for China to trade and have relations with the world around them and participate in the global economy. That being said, with there incredibly dense population, they have a labor force of 795.5 million which allow them to be very large competition for the rest of the world. Since the 1970s, China has evolved from a closed, central system to a market-orientated system that makes China the world's largest exporter. This was accomplished by the gradual liberalization of prices, fiscal decentralization, creation of a diversified banking system, the growth of stock markets, the opening to foreign trade and investment, rapid growth of private sectors, and the decrease in collective agriculture ("Index mundi: China," 2012). In the more recent years, China has once again brought back their support for state-owned enterprises (SOE) for the purposes of economic security. The restructuring of the economy and resulting in efficiency gains have brought China to be...
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...Hyundai Branding Strategy The Hyundai brand is not unknown even to a layman. The company has managed to permeate the minds of the people with exceeding diligence. Hyundai has embraced many marketing techniques to build its brand image globally. "Creating Happiness" was the tag line of one of its campaigns, which it had undertaken for brand building. This is not just a tag line but the company indeed endeavors to make it happen likewise. This was the tag line it had embraced for one of its campaigns in promoting its electronic goods in India. In addition to cars, Hyundai has also entered the digital arena. Even though, marketing strategies are taken care of by the different personnels appointed by the company stationed at various places, nevertheless, some of the brand building tools are also suggested by the apex management. Hyundai Cars: Set up in the year 1967, Hyundai Motor Co., registered a sale of USD$26.1 billion in the year 2004. There are many countries in which Hyundai vehicles are sold and it is being increasingly felt that price is no longer a measure for the sale of Hyundai cars. In fact the brand image has worked on the minds of the people. In the year 2006, the yoy appreciation value recorded was 17%. It has been listed in cars of Best Global Brands, where it occupies the 84th position. Hyundai's brand value was evaluated at $4.1 billion in the year 2006. The company has managed to bring about brand management in an effective manner by keeping...
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...FINAL REPORT Impact of Trade and Economic Policy Reforms on Key Sectors of the Egyptian Economy PREPARED BY ATR Project SUBMITTED TO USAID/Cairo Ministry of Foreign Trade SUBMITTED BY Nathan Associates UNDER CONTRACT NO. PCE-I-00-98-00016-00 Task Order 827 2 April 2004 Contents Executive Summary Egypt’s Economy in Relation to the Global Marketplace Trade Policy and the International Trade Regime Impact of Trade Regime Changes on Subsectors Conclusions Next Steps 1. Introduction 2. Egypt’s Economy and Its Place in the Global Arena Egyptian Economy Today Structure of the Economy Labor force, Employment and Unemployment Macroeconomy and Balance of Payments Trade Patterns Macroeconomic and Trade Policy Reform Current Challenges Distinguishing Characteristics of Egypt’s Economy Water Resources and Growing Population Pressure Oil and Natural Gas Geographical Location Egyptian Culture Higher Education Socialism and Its Aftermath Egypt’s Comparative Advantage in the Global Economy Changing Global Economy Egypt’s Economy in Relation to Three Waves of Globalization Revealed Competitive Advantage Analysis v vi viii xi xiv xvi 1 5 5 5 7 8 10 12 13 14 14 16 16 16 17 18 19 19 22 25 II 3. Trade Policy and the International Trade Regime Current Trade Regime in Egypt Tariff Structure Non-tariff Barriers to Trade Multilateral, Regional, and Bilateral Agreements Multilateral Agreements Regional Agreements Bilateral Agreements Trade Regimes of Major Trading...
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...Country report South Korea – Electronic Yu Ming Lin Country Profile In February 1945 the end of World War II, Korean Peninsula divided into North and South Korea. South Korea also name Republic of Korea, 99,392 sq. km, has a population of almost 50 million, and has its capital at Seoul, the largest city in Korea. The second largest city is Busan, which is the country’s main port, has wonderful nature harbor beside the delta of Nakdong River. The major industrial prior 1948 was agriculture in Korea peninsula, South Korea was in a sever environment of economic. The war damage and the refugee from North Korea keep South Korea inflation and unemployment. Korea is full of mineral source, however, most minerals concentrated in the North such as gold, coal, ore, iron and graphite. There are some tungsten, amorphous graphite, coal, and iron in South Korea and the distribution percentage is North 80%~90% to South 10%. International trade Balance Of Payment The table above is the South Korea’s balance of payments account and this table can track the payments to and the receipts from other countries from 2006 to 2010. As we can see the current account surplus in all five years and it means that these five years South Korea exports more goods, services, and income than it imports. (Data from world databank) The Current Account In October 2011, South Korea’s current account surplus US4000 Million. South Korea’s growing economy relies on exports, and the most important exports...
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...overview of the textile industries in two emerging countries: Guatemala and India. The document analyses, compares and contrast the differences in the institutional structures of both countries and offers specific details and analysis of the textile industries for local and international businesses. Guatemala Republic of Guatemala is located in Central America bordered by Mexico to the North, the Pacific Ocean to the southwest, and Belize to the North East Honduras and El Salvador to the southeast. The country is mountainous with small desert and sand dune patches, having many hills filled with people, except for the south coastal area and the vast northern lowlands of Petén department. Two mountain chains enter Guatemala from west to east, dividing the country into three major regions: the highlands, where the mountains are located; the Pacific coast, south of the mountains; and the Petén region, north of the mountains. All major cities are located in the highlands and Pacific coast regions; by comparison, Petén is sparsely populated. These three regions vary in climate, elevation, and landscape, providing dramatic contrasts between hot and humid tropical lowlands and colder and drier highland peaks. Volcán Tajumulco, at 4,220 meters, is the highest point in the Central American states. Demographics Guatemala is a country of youth; 70% of its population is less than thirty years old. The capital city, Guatemala, is located in the geographical heart of the country and...
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...Office K-70B, Hauz Khas Enclave New Delhi Email: fes@fesindia.org Edited by: Kant K. Bhargava and Mahendra P. Lama Designed and printed by: New Concept Information Systems Pvt. Ltd., New Delhi ISBN 81-7440-065-6 Contents Foreword Preface Background Paper Inaugural Address by I.K. Gujral Group Reports New Delhi Statement Annexures: (i) Programme (ii) List of Participants & Special Invitees (iii) List of Written Papers and Presentations Related Publications iv vi 1 17 23 45 56 71 Foreword As part of its programme for the promotion of regional cooperation in South Asia, the Friedrich-Ebert-Stiftung organised the Conference on SAARC 2015: Expanding Horizons and Forging Cooperation in a Resurgent Asia in February 2007 in New Delhi in collaboration with Ambassador Kant K. Bhargava, former Secretary-General of SAARC, and Prof. Mahendra Lama, Chairman, Centre for South, Central, South East Asian and South West Pacific Studies, School of International Studies, Jawaharlal Nehru University, New Delhi. The main thrust of the Conference was that the SAARC as an entity and its member states must prepare themselves well for leveraging the opportunities arising from the current resurgence in Asia. The Background Paper for the Conference was prepared by FES collaborators, Mr. K.K. Bhargava and Prof. Mahendra Lama. The structuring of the Conference was done in such a way that maximum time was made available to all participants for reflective discussions on key issues that were identified...
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...Market and Industry Dynamics in the Global Tuna Supply Chain Amanda Hamilton I Antony Lewis I Mike A. McCoy Elizabeth Havice I Liam Campling June 2011 2 ACKNOWLEDGEMENTS This study would not have been possible without the kind assistance of hundreds of people who made time available to meet with members of the consulting team during in-country visits and who provided valuable insights and data. Analytical and research support was also provided by several international fisheries experts, as well as logistical support from a number of industry representatives. The consultants and the FFA Secretariat gratefully acknowledge and extend their sincere thanks to all persons who assisted Pacarrying out this study. ce for in cif ic P eo ple A In particular, special thanks is extended to the following people who provided assistance over s r Sli aire F and above the norm: Phil Roberts, Hugh Walton, Masao Nakada, Len Rodwell, Peter Terawasi, Marco D’Agostini, Rick Heroux, Kwame Mfodwo, Isamu Murakami, Taro Kawamoto, Ken Banwell, David Webb, Jamie Birch, Alfonso Beitia, Alberto Quinteiro, Vicky Franco, Liu Xiaobing, Davy Chen, Zhao Gang, W.H. Lee, Chris Hsu and Jerry Tsai. 2011 - production of this report was provided by the Funding for the assignment undertaken for the2014 Government of Japan through the Overseas Fisheries Cooperation Foundation. OFCF Funding for the publication and distribution of this report has been provided by the European Union through the DevFish...
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