This is divided into two parts based on marketing strategies.
Select one of the poorest countries of the world (one with under $1000 gross domestic product [GDP] per capita). Research your chosen country and provide answers to the following questions:
Does this country provide exports? If so, what products or services are exported?
What quality or condition is the land in this country?
What is the rate of unemployment?
What is the education situation or level of education for the people in this country?
Based on the information provided, discern whether this country has any national competitive advantage and discuss whether free trade can benefit this country and, if so, how. Be specific in your response.
Based on your country of choice, develop scenarios where firms may invest in your country using the following strategies:
Global standardization strategy
For each strategy, develop one scenario where an international firm would desire to enter the market of your chosen country. Describe the products or services offered by each firm and why the strategy was chosen. Cultural, political, and legal factors should be taken into consideration, as well as any informal or formal trade barriers.
Provide your answers in a 3- to 4-page Microsoft Word document.
Support your responses with examples.
Cite any sources in APA format.
Chose a poor country and justified the choice of country based on given criteria in assignment.
Analyzed and discussed the chosen country based on the country’s export of products and services, quality of land, rate of unemployment and education situation.
Analyzed and evaluated whether the country has any national competitive advantage.
Discussed whether free trade can benefit the country and, if so, how.
Analyzed and developed a scenario for global standardization strategy, localization strategy, transnational strategy and international strategy.
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