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.
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- 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?
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