All the question and information are in the file. Thank you so much.1.
Although Chavez died after a long battle with cancer in 2013, the economic and
political situation remain the same in Venezuela.
Read the Country Focus on Chavez’s Venezuela in your textbook (
TEXTBOOK:
Global
Business Today, Charles Hill, 7th Edition, McGraw Hill. ISBN 10: 0078137217 ISBN 13:
978-0078137211
?
page 49 in the 7th edition, page 42 in the 8th edition), then answer the
following questions:
(Also read
Venezula after Chavez
http://www.cnbc.com/id/101219760
(Links to an external site.)
Now for the Reckoning - Background information about Chavez and his role in
Venezuela
http://www.economist.com/blogs/americasview/2013/03/venezuela-after-ch
%C3%A1vez
(Links to an external site.)
)
Here is a recent article about the post Chavez conflict in
Venezuela http://time.com/venezuela-brink/
(You should be able to read individual articles from Economist and Time magazines. Let me
know if you have difficulty having access to these websites)
1.
Under Chavez’s leadership, what kind of economic system is being put in place in
Venezuela? How would you characterize the political system?
2.
How do you think that Chavez’s unilateral changes to contracts with foreign oil
companies will impact upon future investment by foreigners in Venezuela?
3.
How will the high level of public corruption in Venezuela impact future growth rates?
4.
Currently, Venezuela is benefiting from a boom in oil prices. What do you think
might happen if oil prices retreat from their current high level? (This is actually
happening! The price of oil is down to around $50s from its highest $140 in 2008)
5.
In your estimation, what is the long run prognosis for the Venezuelan economy? Is
this a country that is attractive to international businesses?
6.
In general, what type of political, economic and legal systems are most supportive of
international business activity?
Based on the information that you learned in this chapter, also answer the following:
2.
You are the CEO of a company that has to choose between making a $100 million
investment in either Russia or Poland. Both investments promise the same long-run
return, so your choice of which investment to make is driven by considerations of risk.
Assess the various risks of doing business in each of these nations. Which investment
would you favor and why?
Use data from the following websites to support your answers:
http://www.buyusa.gov/poland/en/doing_business_in_poland1.html
(Links to an external
site.)
The CIA’s World Factbook
https://www.cia.gov/library/publications/the-world-
factbook/
(Links to an external site.)
Transparency International’s corruption ranking and general perspectives of these countries
go to
http://www.transparency.org/country
(Links to an external site.)
This question was answered on: Sep 21, 2023
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