PLEASE GIVE ME LONG AND DETAILED ANSWERED (with specific examples) - Both Answers Combined Should Be...

PLEASE GIVE ME LONG AND DETAILED ANSWERED (with specific examples) - Both Answers Combined Should Be About a A4 Paper Long. Thank you.

Prior to the current Covid-19 travel advice the Department of Foreign Affairs and Trade (DFAT) Smart Traveller website had the following advice for Australians. “Venezuela has closed its land borders with Brazil and Colombia and maritime borders with Aruba, Curaçao and Bonaire until further notice. The political and economic situation remains very unstable. Monitor local media and follow the advice of authorities. We continue to advise you not to travel to Venezuela.”

(i) Assuming COVID-19 does not exist at this time what would your advice be to an Australian company that has just won a major and highly profitable project management contract? Please provide a sound rationale for your advice.

(ii) What other sources of political risk can an exporter face and how can they be counteracted? Please provide specific examples in support of your answer.

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Expert Solution

Rahul Sunny answered 1 month ago

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