The aim of this assessment is to work in groups to investigate how an country’s cultural, economic,...

Question

The aim of this assessment is to work in groups to investigate how an country’s cultural, economic, political, legal and regulatory system may affect Australian managers doing business with those countries.
Details:
According to Australian Department of Foreign Affairs and Trade XXXXXXXXXXChina, Japan, Republic of Korea, United States of America, India, New Zealand, United Kingdom, Singapore, Thailand and Malaysia are among the top ten trading partners of Australia. Apart from this, Russia, Indonesia, Turkey, Brazil and South Africa are among the 10 Big Emerging Markets (BME) in the world. There are times that political tensions between countries can have implications for organisations. For example, since the Indonesian and Australian “spying”incident has occu
ed there have been tense diplomatic exchanges with the treat from Indonesia to end live cattle trade with Australia (www.reuters.com 22 November XXXXXXXXXXSuch threats to reviewing trade ties with Australia may result in major challenges for Australian businesses who already have business relationships in Indonesia or who are contemplating to do so. The objectives of this assessment are for you to develop your capacity to:
- Choose a country from above mentioned list that you consider doing business in would have significant levels of cultural, political and regulatory risk for Australian businesses and managers.
- Effectively undertake secondary research of the key challenges in the areas of that specific country’s business environment, cultural value dimensions and political and regulatory risk.
- Apply relevant theory to analyse and evaluate the challenges and the implications of these challenges for Aus- tralian business leaders.
- Provide justified recommendations to Australian business leaders to help them overcome, minimise or manage these challenges.
- Present your research, analysis and recommendations as a group report and presentation.
Country chosen is China
· Understand the Australian market, aspect which can influence its business with China
Structure
· Executive summary for the background part (100 words)
· Introduction to the report - describe your study and its aims and the structure of your report (no more than 250 words).
· Background of the country’s business environment, including economy, political, and regulatory aspects of the country (approximately 500 words). Cite appropriate examples in relation to these aspects.
· Cultural value dimensions (approximately 500 words).
· Political and regulatory risk (approximately 500 words).
· For each sub -section you must support your analysis with comprehensive literature and this must be co
ectly
· cited using Harvard referencing style.
· Implications and recommendations (approximately 500 words). - Conclusion (approximately 250 words).

the-aim-of-this-assessment-is-to-work-in-groups-to-investigate-how-an-country-sa32cc23.docx

Tanmoy · Accepted Answer

Australia’s risk from China in trade
Executive Summary
In this paper we will discuss on the trade relations of China with Australia. The country from which Australia can face the most risks is China which is presently the largest business partner in iron ore exports. But, it was due to Australia’s support toward the United States decision towards a call for inquiry on the mismanagement of China in handling coronavirus; the Chinese embassy has threatened the government of Australia by handing them a list of grievances to Canberra. Also there were several harsh steps initiated by China towards Australia through restrictive trade policies due to which the Australia’s exports and GDP suffered in 2020. But, there was no restriction imposed by China on import of iron ore from Australia. So, if Australia wants to get tough, it will be export of iron ore which they can restrict. We will try to analyse more on the background of China’s economy, political and regulatory norms presently applicable in the country.  
Introduction
China is the biggest trading partner of Australia. Australia’s exports to China are more than its imports. China’s export is one-third of Australia’s exports. It’s the iron ore which is exported by China from Australia at large. Due to the ongoing trade and bilateral tension between the two nations combined with the impact of covid-19 the trade started to decline significantly from the first half of 2020 (Carpenter, Pete 2021). 
The present trade disputes between China and Australia is with respect to the restrictions on trade imposed by China and war of words. In the year 2020, the bilateral relationships between Australia and China have deteriorated sharply. This was due to formal and informal trade restrictions on several trade exports of Australia which consisted of lobsters, timber, beef, cotton, coal, cotton and barley. On the contrary any reciprocal restrictions in the form of increase in tariffs on the Chinese imports could damage the trade relationships with Australia and China further (Coface, 2021).

The aim of this assessment is to work in groups to investigate how an country’s cultural, economic, political, legal and regulatory system may affect Australian managers doing business with those...

Solution

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment