INT MODULE 3 TRADE

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Southern New Hampshire University *

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220

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Apr 3, 2024

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INT 220 Module Three Assignment Template Economic and Political Environments Comparison Section One Data is crucial when making business decisions as it can provide insights about consumer behavior and market trends. According to the Harvard Business School, making business decisions on a data-driven basis can help you make confident decisions, become more proactive, and realize cost savings. Not all data points are weighted the same when applying them to business decisions, some data points should be weighted more heavily than other, when looking into expanding to a foreign country, some data points that will be extremely helpful to make business decision include: political system, economic classification, and we definitely want to gather lots of date regarding the culture so we can learn what type of customer behavior we will be dealing with. According to the Harvard Business School, “politics can enormously impact business… political leaders often make decisions that impact labor laws, education, transportation, and taxes, which in turn, influence business… so before expanding your business, it’s critical to ensure it’s prepared for globalization.” Section Two Category Mexico Germany Argentina Political System Federal Republic.  Mexico has strong trade ties with the United States. Federal State and Parliamentary democracy  Competitive tax environment  Strong legal protections. Representative democracy  The U.S is Argentina’s top foreign direct investor.  There are hundreds of American companies in Argentina. Economic Classification Free Market Economy/ developing, upper- middle income economy Mixed Economy/ developed, high income economy Mixed economy/ developing, middle income economy

Category Mexico Germany Argentina Economic Blocs Impacting Trade Mexico is a member of:  World Trade organization.  The Asia-Pacific Economic Operation.  The G-20, and the Organization for Economic Cooperation and Development.  Pacific Alliance.  Other FTA’s including NAFTA. Germany is a member of:  World Trade Organization.  General agreement on Tariffs and Trade.  European Union. Argentina is a member of:  Mercosur.  Association for Latin American Integration. Gross Domestic Product 1.273 trillion as of 2021 4.26 trillion as of 2021 487.2 billion as of 2021 Purchasing Power Parity 10.4 LCU per dollar 0.7 LCU per dollar 67.4 LCU per dollar Gross Domestic Product Per Capita 10045.68 USD as of 2921 51203.55 USD as of 2021 10636.12 USD as of 2021 Section Three Ranked from most appropriate to least appropriate: 1. Mexico. 2. Germany. 3. Argentina. I ranked these different countries this way because I think it would be easy for a U.S company to easily introduce a product to the market in Mexico as both countries have strong ties when it comes to trading, and since both countries are together in several organization, it makes them easy to trade, I also think that Germany would be a good country to introduce our product to as it has a good economy that would help us generate good revenue for our product; however, there are more trade barriers, lastly, we have Argentina on the last place as it has an economy that is not in such a good position right now, which can make it difficult for the product to succeed. References The advantages of data-driven decision-making: HBS Online. Business Insights Blog. (2019, August 26). https://online.hbs.edu/blog/post/data-driven-decision-making Understanding how politics can affect your business. Business Insights Blog. (2022, July 19). https://online.hbs.edu/blog/post/politics-and-business Doing business in mexico: Overview: Practical law. Practitioner Insights News & Analysis. (n.d.). https://content.next.westlaw.com/practical-law/document/Ieb49d7031cb511e38578f7ccc38dc

bee/Doing-Business-in-Mexico-Overview? viewType=FullText&transitionType=Default&contextData=%28sc.Default%29 Overseas business risk: Germany. GOV.UK. (n.d.). https://www.gov.uk/government/publications/overseas-business-risk-germany/overseas-business-risk- germany (n.d.). Argentina - market overview. International Trade Administration | Trade.gov. https://www.trade.gov/country-commercial-guides/argentina-market-overview Mexico: Introduction. globalEDGE: Your source for Global Business Knowledge. (n.d.). https://globaledge.msu.edu/countries/mexico Germany: Introduction. globalEDGE: Your source for Global Business Knowledge. (n.d.-a). https://globaledge.msu.edu/countries/germany Argentina: Introduction. globalEDGE: Your source for Global Business Knowledge. (n.d.-a). https://globaledge.msu.edu/countries/argentina Germany purchasing power parity, 1960-2022. Knoema. (n.d.). https://knoema.com/atlas/Germany/topics/Economy/Inflation-and-Prices/Purchasing-power- parity#:~:text=In%202022%2C%20purchasing%20power%20parity,per%20international %20dollars%20in%202022 . Argentina purchasing power parity, 1960-2022. Knoema. (n.d.-a). https://knoema.com/atlas/Argentina/topics/Economy/Inflation-and-Prices/Purchasing-power- parity#:~:text=In%202022%2C%20purchasing%20power%20parity,67.4%20LCU%20per %20international%20dollars . Mexico purchasing power parity, 1960-2022. Knoema. (n.d.-c). https://knoema.com/atlas/Mexico/topics/Economy/Inflation-and-Prices/Purchasing-power- parity Mexico - Trade agreementsmexico - trade agreements. Mexico - Trade Agreements | Privacy Shield. (n.d.). https://www.privacyshield.gov/ps/article?id=Mexico-Trade-Agreements#:~:text=Mexico %20is%20a%20member%20of,Cooperation%20and%20Development%20(OECD) . World Trade Organization. WTO. (n.d.). https://www.wto.org/english/thewto_e/countries_e/germany_e.htm#:~:text=Germany%20has %20been%20a%20WTO,European%20Union%20(more%20info) . Argentina - Trade Agreementsargentina - trade agreements. Argentina - Trade Agreements | Privacy Shield. (n.d.). https://www.privacyshield.gov/ps/article?id=Argentina-trade-agreements

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INT MODULE 3 TRADE

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