3-2 Assignment Economic and Political Environments Comparison

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Southern New Hampshire University *

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Economics

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Apr 3, 2024

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INT 220 Module Three Assignment Template Economic and Political Environments Comparison Section One Dunung advises businesses or organizations thinking about expanding internationally to "thoroughly research the local market and learn about the country and its culture." Understand the unique legal and commercial aspects affecting your industry. Since my local company is considering becoming global, we must carefully research each possible market to ensure that we are aware of its needs and environmental factors. To ensure objective growth and expansion, we also need to determine which place is optimal. The political system of the country or nations chosen for international growth must be taken into account while analyzing their legal structure, as this will show how lax or stringent their commercial regulations are. It is crucial to comprehend the GDP, both national and local, since it offers insight into the state of the economy of the nation, irrespective of its variations. Section Two Category Mexico Germany Japan Political System Federal Republic Federal Parliamentary Republic Constitutional Monarchy & Parliamentary Government Economic Classification Mixed-Market Economy Mixed Economy System Mixed-Market Economy Economic Blocs Impacting Trade FTAS, WTO, OECD, APEC GATT, WTO EPA, WTO Gross Domestic Product 1.273 trillion 4.26 trillion $4.231 trillion Purchasing Power Parity 19547.33 U.S. dollars EUR 24,807 41641.16 U.S. dollars. Gross Domestic Product Per Capita 9755.62 US dollars $53,560 36032.39 US dollars Section Three According to the data in Section 2, it appears that Japan is the best market to think about entering with our products. The data indicates that Japan has the highest GDP of the three countries, which is positive for our company's chances of expanding its sales and breaking into the Japanese market. Since Japan has the greatest purchasing power, our products may even fetch a greater price there than they would in Germany or Mexico. Even though the political systems of the United States and Japan differ significantly, I believe that if we do our homework and have a solid grasp of it, we can effectively expand our goods in Japan. Germany is my second choice because, in addition to having a higher GDP than Mexico, it also has a higher GDP per capita than both Japan and Mexico. Germany and the United States have comparable political systems. However, our things might not sell for as much as we had hoped due to Germany's lower purchasing power parity compared to Mexico and Japan. Mexico ranks third because, according to the data, they are ranked lower than Japan and Germany. Mexico's advantages in terms of a free market, many economic blocs, and political structure make it a potential candidate for global market expansion. Significant other parameters include GDP and

GDP per capita. The Mexican market has significant benefits, but not enough to make it the greatest option for our company. References Real Time World Statistics. Worldometer. (n.d.). https://www.worldometers.info/

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