For this discussion, you have been hired as the manager of [your choice] company. This company...

For this discussion, you have been hired as the manager of [your choice] company. This company wants to move production to an emerging economy to take advantage of lower costs.

Choose a country that is noted as an emerging economy and analyze the attractiveness in terms of benefits, costs, and risks associated with doing business in each nation.

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Expert Solution

Answer-I have chosen India to move production to take advantage of lower costs. As we know that India is one of the fastest-growing economies in the world and currently it is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity. In India due to the large number of population and high rate of unemployment rate, the cost of labour both skilled and unskilled is very cheap in monetary terms and in India labour intensive method is cheaper than the capital intensive method.

The attractiveness in terms of benefits, costs, and risks associated with doing business in India is-

1. Business-friendly laws are established in India which is very partial for both domestic and foreigner investors.

2. The cost of skilled and unskilled labour is very cheap as compare to rest of the world

3. There is big scope for sustainable business because in India doing sustainable business is very profitable .

4. Due to the encouragement of privatization,in India, there is less intervention of government in private companies.

5. In India, there is very few labour unions exist in private companies, that's why there is low chances of shutting down calls and risks.

Rahul Sunny answered 1 year ago

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