Post 1 Reply 150 words APA style new romans double space positive reply. Each post Separate answer.
Ashley
Politics play a huge role in international business. One of the most known would be a countries style of government. There are two main issues, and they are structural changes and political constraints. Politics have the authority to change laws and regulations regarding business, which need to be complied with from international business owners. When a government changes its policy, all firms must comply with the policy change. (Contributor, 2020) Since Governments have the ability to increase or decrease taxes this also has an effect on international business because firms may be required to pay more in taxes. Laws and regulations in other countries change and can cost a company a lot of money of they do not follow them closely. Since all governments are different throughout the world based on their political views and governments. taxes may be largely different from the home country of a business. Changes in government spending, affect the country’s economy. The amount of corruption within politics also plays a role in international business as it allows for bribery. “Corruption is a barrier to economic development for many countries. Some firms survive and grow by offering bribes to government officials. The success and growth of these companies are not based on the value they offer to consumers.” (Contributor, 2020)
Political risk can be a major challenge for international business. Such as a change in leadership, Impending regulatory changes by government agencies, the frequent discussion of regulatory changes, social unrest, and changes in trade agreements can be a political risk for some businesses. (Nordmeyer, 2019) The political state of a country also effects its economic state, which can affect the business environment. If the country has a hostile community for instance, it can cause a government takeover or government overthrow, causing issues such as riots, and looting and can disrupt the way businesses are ran. There are so many different political agendas that can affect how international businesses run. Countries political views, laws, and regulations could cause a business to either flourish or go down hill quickly so its important to know and understand a countries politics before making the move to do international business in that country.
Post 2 Each post separate answer
Pedram Reply 120 words or more APA format 12 new romans double spaced cited
w In economics, it is widely accepted that technology is the key driver of the economic growth of countries, regions, and cities. Technological progress allows for the more efficient production of more and better goods and services, which is what prosperity depends on. The Internet economy will increase efficiencies, productivity and create new opportunities not yet imagined. The pace of technological change will dramatically accelerate as IoT, AI, and blockchain technologies are fully deployed. … The growth of IoT will effectively make all companies technology companies.
The Internet has the potential to increase productivity growth in a variety of distinct, but mutually reinforcing ways, including:
Significantly reducing the cost of many transactions necessary to produce and distribute goods and services;
Increasing management efficiency, especially by enabling firms to manage their supply chains more effectively and communicate more easily both within the firm and with customers and partners;
Increasing competition, making prices more transparent, and broadening markets for buyers and sellers;
Increasing the effectiveness of marketing and pricing;
Increasing consumer choice, convenience, and satisfaction in a variety of ways.
The Internet is also being used effectively in other industries to link partners in joint enterprises across large distances, enabling them to share production schedules and integrate their operations. Charles Fine of MIT and Daniel Raff of the University of Pennsylvania examine the automobile industry and find numerous potential opportunities for Internet-aided increases inefficiency. They project productivity improvements in product development, procurement and supply, and in various aspects of the manufacturing process itself, and suggest the applicability to automobiles of the “Dell model,” under which customers specify exactly what features they want and buy a product that is built to suit their tastes. Fine and Raff suggest that the Internet-driven automobile sector of the future should involve far fewer dealers and salesmen than it does now.
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