Primary Task Response: Your first task is to begin to build your assignment which will continue into week 5 in an individual project. Below is the lead in to your assignment task. You will build on this in the final IP for your final project in Unit 5IP. Attach your document to the main discussion post, and include any notes you feel are appropriate. The purpose of this assignment is to help improve the quality of the Key Assignment Draft you will complete next week.

PROFESSORS NOTES AND REMINDERS FOR THE ASSIGNMENT-

Determining in which country a regional bank will locate a regional office is part of the Key Assignment (the U5IP). Remember this country must contain a global financial center, be outside of Latin America, and different from the country to which the MNC you researched in the second discussion board in unit one is planning to expand. An Excel file including a list of global financial centers was emailed to you. Please make sure to include in-text citations and a bibliography and avoid using Wikipedia as a primary source.

Answer the following questions related to the challenges this regional bank may face in establishing an overseas office in this country:

What is this country’s literacy rate? Information on literacy rates by country is available on https://www.cia.gov/library/publications/resources/the-world-factbook/fields/370.html

How would you characterize this country’s cultural dimensions? Information on cultural dimensions is available at https://www.hofstede-insights.com/country-comparison/.

Does this country have a common, civil, or theocratic legal system? Information on legal systems can be found at https://www.cia.gov/library/publications/the-world-factbook/fields/308.html#GR.

What is the level of political risk in this country? Political risk looks as the degree to which a country’s government may intervene in the private sector. Information on political risk can be found at https://www.riskadvisory.com/campaigns/terrorism-political-violence-risk-map-2018/ .

Does this country have a centrally planned, mixed, or market economy? Information on a country’s economic system can be found at https://www.cia.gov/library/publications/resources/the-world-factbook/docs/rankorderguide.html.

To what degree is this country’s government involved in international trade as reflected in the regional trading bloc to which it belongs?

What is this country’s perceived corruption level? Information may be found at https://www.transparency.org/country.

To what degree does this country protect intellectual property rights as reflected in the level of unlicensed software? Information on levels of unlicensed software in countries worldwide is available at https://gss.bsa.org/wp-content/uploads/2018/05/2018_BSA_GSS_Report_en.pdf.

Professor Fountoulakis

Deliverable Length: 400-600 words

A regional bank has decided to open an office overseas for serving those businesses that are expanding internationally. Choose a country with a large financial center that you believe would be helpful to your customer base.

• Discuss some of the challenges you may face in this new environment.
  • What are the cultural, ethnic, social, and educational characteristics?
• Describe the political and legal systems.
• How much does the government intervene in the private sector?
  • How will that affect your financial institution?
• What type of economic system does it have?
  • What is the history of that economic system?
• How is the country involved in international trade?
• • How does the government get involved in trade issues?
  • Will that help or hurt your financial institution?