international business
Moh-993
InternationalAS2.docx
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Assessment Cover Sheet
School/ Department Name: School of Business – Management Department
Course Name: International Business
Course Code: 16SMGB222
Instructor Name: Dr. Ahmad Khatib
Assessment 2 – Country Comparison
Exam Date: Week 10
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Student’s Name: Ali Dashti , Dana Hajaj |
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Student ID No: |
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1618032 1618146 |
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Section: P4N1 |
INSTRUCTIONS
1. This assessment is a group task and students are expected to work in groups of 3.
2. Type the country name at the top of each of the 3 wide columns.
3. Fill in the data for each country, for each question.
4. Rank the three countries from best to worst, for each question, with the best country scoring a “1”, and the worst country scoring a “3”.
5. Write the score from 1 to 2 in the relevant column for each question.
6. Calculate the total score for each country at the end of each sub-section.
At the end of the document, calculate the OVERALL TOTAL SCORE for each country. Which country is the best for starting a new business in? Rank the countries in first, second and third position, on the table provided.
DO NOT WRITE IN THE AREA BELOW:
Mark ________/30
Feedback: ________________________________________________________________
________________________________________________________________
Instructor’s signature: __________________________
Student’s Signature: ___________________________
Task/Exercise 1:
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CRITERIA |
COUNTRY 1 DATA (INSERT) |
RANK 1, 2, 3 |
COUNTRY 2 DATA (INSERT) |
RANK 1, 2, 3 |
COUNTRY 3 DATA (INSERT) |
RANK 1, 2, 3 |
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BASIC COUNTRY DATA |
Australia |
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Canada |
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Coface Country Risk Rating (A,B,C,D) |
the 22nd in the world and it has 50.34 degree
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2 |
17th position |
1 |
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Australia ranks the 22nd in the world and it has 50.34 degree.
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2 |
17th position |
1 |
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Global Competitiveness Ranking (out of 133) |
Australia could have achieved the 16th |
2 |
1 |
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Corruption Perceptions Index (Ranking out of 180) |
On the 2019, Australia ranked the 76th out of 100 |
2 |
1 |
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Information & Technology Networked Readiness Ranking (out of 139) |
5.5 |
2 |
5.6 |
1 |
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TOTALS: |
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10 |
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5 |
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ECONOMIC INDICATORS |
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GDP per capita in $US per annum |
1.2 % per annum 53,825 by the end of 2018
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1 |
52000.00 USD by the end of 2020 |
2 |
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2019 to 1.8%.
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1 |
1.6% (2017 est.) |
2 |
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(Prime Lending Rate) |
1.8%
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1 |
1.7% |
2 |
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4.9 |
2 |
4.8 |
1 |
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Actual (%) |
In 2018, the $US per annum became 58.212.211 |
2 |
1 |
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TOTALS: |
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7 |
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8 |
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BUSINESS INDICATORS |
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Doing Business: (out of 183) |
20 among 190 country
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2 |
19 among 190 country
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1 |
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Ease of doing business ranking (out of 183) |
26 among 190 country
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1 |
23 among 190 country
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2 |
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Procedures/days to opening a business |
30 days
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20 days |
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Coface Business Climate Rating (A,B,C,D) |
A2 for Business Climate Rating |
2 |
A1 for Business Climate Rating |
1 |
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TOTALS: |
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5 |
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5 |
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SOCIAL |
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SOCIO-CULTURAL FACTORS |
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Actual (%) |
per 2019 is 98.0%. 15.15 years in 2017 |
2 |
per 2019 is 99.0%. |
1 |
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School life expectancy in years |
82.49 in 2017 |
2 |
83.6 |
1 |
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HEALTH AND WELFARE |
2018 which shows 3.1 deaths per 1,000 live births |
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WELLBEING OF PEOPLE |
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In December 2019, it declined to 5.1% |
2 |
5.9 % |
1 |
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Life expectancy in years |
82.49 in 2017 |
1 |
82.3 |
2 |
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% of population below the poverty line |
1.2% |
1 |
0.5% |
2 |
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TOTALS: |
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8 |
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OVERALL TOTAL SCORE |
INSERT COUNTRY NAME Australia |
FINAL SCORE: 30
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INSERT COUNTRY NAME Canada |
FINAL SCORE: 24 |
INSERT COUNTRY NAME |
FINAL SCORE: |
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COUNTRY NAME: |
TOTAL SCORE |
RANK |
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FIRST Canada |
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SECOND Australia |
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THIRD |
Task/Exercise 2:
In 600 words or less:
Explain which country is the best country for starting/expanding your business? Why have you chosen this country out of the three countries that you compared?
Task/Exercise 2:
To start a business, it is better to invest in Canada than in Australia. Canada is the best for starting and also expanding my business. I have chosen Canada out of the two countries which I compared based on many facts. Most evidences and references show that Canada is better. For example, in the field of Global Innovation Index, Canada ranks the 17th position while Australia is the 22nd position. This means that Canada gives more interest to innovation. This is very necessary for innovation in my business. Global Competitiveness Ranking also show that Canada is 79.59 points while Australia is 78.9. This means that Canada is more competitive than Australia. Corruption Perceptions Index also shows that Canada is 77 points but Australia is 76. This means that Canada has less corruption than Australia. Corruption is very harmful to business and it increases its costs. Corruption means that there are bribes paid to the executives in the corrupt countries to help progress in the business procedures and documents. The 3rd world countries have much corruption so any business does not progress there. Information & Technology Networked Readiness Ranking in Australia is 5.5 but in Canada is 5.6 and this has a reference that Canada has better readiness to the information and technology networks.
GDP per capita in $US per annum in Canada shows 1.3% per annum while for Australia, it shows 1.2% per annum. The GDP per capita is the measurement economic output of any country which is accounting for people number. It is the result of the gross domestic product divided by the total population. This means that the Canadian have better income than the Australians. The GDP per capita represents the country's standard of living measurement. Inflation rate % in Canada is 1.6% but in Australia, it is 1.8%. Inflation rate means the power of purchase of the money. If the Inflation rate is high, this means that the money cannot buy many products. The higher inflation rate, the less power of purchase the money is. This means that the Canadian can buy more products than the Australians. Interest rate is also an important measurement where it refers to the rates of banks. When the interest rates are high, this means less ability to invest. Investors need money to invest so if interest rates are high, this means they are less able to invest and take loans from banks. The interest rates in Canada are 1.7% while in Australia 1.8%. This means that Canada banks give loans at less interest rates. Big Mac Index is also important and it refers to the price of costs of hamburger sold at McDonald's. It gives a reference about the exchange rates in the country. Here, in Canada, Big Mac is 4.8 but in Australia is 4.9. The Annual GDP Growth Rate in Canada is 59.100.311 USD but for Australia is 58.212.211.
Furthermore, Tax rate ranking in Australia is 20 but in Canada is 19. Doing business in Australia (26) is worse than in Canada (23).The higher degree means less easiness in doing business. Procedures/days to opening a business in Australia (30) are longer than in Canada (20).
Social factors also are favourable for Canada where adult literacy rate in Canada is 98.0% but in Australia 99.0%. High percentage of literacy means ability to learn and to acquire knowledge and experience. School life expectancy in Canada is 82.49 but in Australia is 83.6. This mean that health in Canada is better than in Australia. The population below the poverty line also shows that Canada is 0.5% but for Australia, it is 13.2% and this means that poverty in Australia is more than in Canada.
Assessment Cover Sheet Issue No.2 Revision No. 7
Reference Number/Code: [ACK.FO.VPAC.10.01] Revision Date: March 2018 Next Revision Date: March 2021
Page 1/6
Assessment Cover Sheet Issue No.2 Revision No. 7
Reference Number/Code: [ACK.FO.VPAC.10.01] Revision Date: March 2018 Next Revision Date: March 2021
Page 4/6
