Question

Please pick one type of formal organization from Canada and India country that has some significant role to play in international business/globalization. Explain briefly each type!

Answer 1

One formal organisation from Canada will be Canadian securities administrators which are providing for proper administration of the Canadian securities in Canada and they are offering with proper foreign investment into the Canadian economy so they will be maintaining an environment of transparency in order to increase the overall foreign exchange into the Canadian economy and it will also help the Canadian economy to prosper in the long run and it will mean that this organisation is trying to stimulate the growth of the Canadian economy by providing adequate support in form of foreign investment in the Canadian economy and giving the foreigners a chance to participate in the growth of Canada and it is leading to a global integrated growth which is growth of investment of foreign individual and growth of Canadian economy as well.

One significant formal organisation from India will be Reserve Bank of India which is the Central Bank of India and it is allowing for various kinds of investment schemes for foreign Internationals to the Indian markets through offering them with governmental bonds which are providing with the required interest rates and they are held from the currency fluctuation as well so they are encouraging a momentum of coronavirus investment into India and India is a developing economy so these economies needs a very high amount of foreign direct investment and foreign indirect investment in order to make them grow so they are also providing an open access to the economy to various foreign residents and investors and it is leading to a cycle of high global growth and lack of trade barriers.