ADM 3318 Lecture Notes - Lecture 2: Country Risk

• School: University of Ottawa
• Department: Administration
• Course: ADM 3318
• Professor: Ado Abdoulkadre

Document Summary

International business lecture 2 p. 7: market economy let the market do its thing (canada, command economy north korea, mixed economy. China (used to be in command; is trying to shift towards market) p. 13. Easy to start a business for some, longer other countries: 15. : crossi(cid:374)g the (cid:271)order fro(cid:373) (cid:272) te d(cid:859)i(cid:448)oire to gha(cid:374)a (cid:448)s. otta(cid:449)a-montreal trip. Taking longer is more expensive, and it has higher risks of perishing: 17. Brazil to be re-elected, president lied about their debt in order to look better. Face seemed to (cid:271)e fi(cid:374)a(cid:374)(cid:272)iall(cid:455) stro(cid:374)g. if (cid:455)ou did(cid:374)(cid:859)t k(cid:374)o(cid:449), it (cid:449)ould (cid:271)e (cid:448)er(cid:455) (cid:271)ad for (cid:271)usi(cid:374)ess p. 18. In some countries, people can change their mind, cancel previous agreements made with previous governments, etc. Eport (cid:858)(cid:859)doi(cid:374)g busi(cid:374)ess(cid:859)(cid:859) fro(cid:373) the world ba(cid:374)k to help (cid:455)ou k(cid:374)o(cid:449) (cid:449)hat to e(cid:454)pe(cid:272)t if (cid:455)ou are thinking of doing business with a foreign country: 19. New concept of risk in term of international business: global country risk.