Select one of the poorest countries of the world (one with under $1000 gross domestic product [GDP] per capita). Research your chosen country and provide answers to the following questions:
- Does this country provide exports? If so, what products or services are exported?
- What quality or condition is the land in this country?
- What is the rate of unemployment?
- What is the education situation or level of education for the people in this country?
Based on the information provided, discern whether this country has any national competitive advantage and discuss whether free trade can benefit this country and, if so, how. Be specific in your response.
Based on your country of choice, develop scenarios where firms may invest in your country using the following strategies:
- Global standardization strategy
- Localization strategy
- Transnational strategy
- International strategy
For each strategy, develop one scenario where an international firm would desire to enter the market of your chosen country. Describe the products or services offered by each firm and why the strategy was chosen. Cultural, political, and legal factors should be taken into consideration, as well as any informal or formal trade barriers.
Provide your answers in a 3- to 4-page Microsoft Word document.
Support your responses with examples.
Cite any sources in APA format.
This material may consist of step-by-step explanations on how to solve a problem or examples of proper writing, including the use of citations, references, bibliographies, and formatting. This material is made available for the sole purpose of studying and learning - misuse is strictly forbidden.This report is based on the economy of Nepal. As per The World Bank (2013), the GDP per capita of Nepal was $694 and it is classified as a low-income economy. CIA (2014) further states that the economy has export potential. However, its exports have been limited to three countries only, with India accounting for 93.9% of the exports of the economy, and Bangladesh & Italy accounting for 4% and 0.4% respectively. The major export items are clothing, pulses, textiles, jute goods and pashima. It is estimated that in 2013, it exported goods and services valued at $1.06 billion, which makes it...