Question

Briefly explain how you overall attractiveness of a country as a link to international business.

Answer 1

There are three main factors in understanding whether a country is attractive for international business or not and these include

1) political factors

2) economic factors

3) cultural factors

Political factors involved the stability of the country over the political region where the relations of the country with the host country is a major source in determining the country attractiveness on the whole where is the relations are stable and friendly over time then there is a high chance that the country will be attractive for business. Political factors like foreign policy and investment regions tell about the country interest in accepting foreign businesses

the next factor is economic factors which include the available resources technology and manpower and in this regard you have to understand the fact that if there are high amount of resources and stable shipping routes and the geographical location of the country is friendly then the country is attractive to do business where the country's currency stability is also one of the major deciding point where the country currency should be stable over time else It wouldn't be motivating for the new businesses to come in. Apart from that the relative income of the people decide the country attractiveness where if there is a lot of potential market due to the people spending capacity then the country will be attractive for business on the whole

Third and the foremost factor is the cultural factor where is the countries cultural acceptance towards the particular products and services is very important in understanding the country attractiveness where for instance when you consider beef business, would not go well hand-in-hand with that of India which is a Hindu dominated country but it can go hand in hand with that of Indonesia which is a Muslim dominated country and in this way culture can play a major role in deciding the country attractiveness for business