What are some major problems a company would face while developing business strategies in a Second World country? Be specific.

A

Zakaria mentions some economic factors which would impact business in a Second World country. These include markets that are dominated by local businesses and have low purchasing power for commercialization. Regulatory and financial systems are outdated, inadequate, or inefficient. Corruption is prevalent at all levels impacting regulatory standards. Legal mechanisms are ineffective at addressing any business disputes, especially ones benefiting foreign businesses. Governments are also corrupted, and it is common to find global organizations labeled as foreign agents. Unstable governments result in insecurity for the financial well-being of businesses due to political and economic factors.

Answer by Academic.tip's expert
An answer to this question is provided by one of our experts who specializes in business & economics. Let us know how much you liked it and give it a rating.

Cite this page

Select a citation style:

References

Academic.Tips. (2021) 'What are some major problems a company would face while developing business strategies in a Second World country? Be specific'. 9 June.

Reference

Academic.Tips. (2021, June 9). What are some major problems a company would face while developing business strategies in a Second World country? Be specific. Retrieved from https://academic.tips/question/what-are-some-major-problems-a-company-would-face-while-developing-business-strategies-in-a-second-world-country-be-specific/

References

Academic.Tips. 2021. "What are some major problems a company would face while developing business strategies in a Second World country? Be specific." June 9, 2021. https://academic.tips/question/what-are-some-major-problems-a-company-would-face-while-developing-business-strategies-in-a-second-world-country-be-specific/.

1. Academic.Tips. "What are some major problems a company would face while developing business strategies in a Second World country? Be specific." June 9, 2021. https://academic.tips/question/what-are-some-major-problems-a-company-would-face-while-developing-business-strategies-in-a-second-world-country-be-specific/.


Bibliography


Academic.Tips. "What are some major problems a company would face while developing business strategies in a Second World country? Be specific." June 9, 2021. https://academic.tips/question/what-are-some-major-problems-a-company-would-face-while-developing-business-strategies-in-a-second-world-country-be-specific/.

Work Cited

"What are some major problems a company would face while developing business strategies in a Second World country? Be specific." Academic.Tips, 9 June 2021, academic.tips/question/what-are-some-major-problems-a-company-would-face-while-developing-business-strategies-in-a-second-world-country-be-specific/.

Copy