International business Research Paper Example | Topics and Well Written Essays - 1000 words

International business - Research Paper ExampleThe analysis has been make in terms of the nations political and economic climate, their methods of commercializeing and distribution and overly the labor climate in the two countries. Economic and political climate for foreign business Singapore has an extremely successful and certain free market deliverance. It also offers a corruption free and gift environment where prices remain durable and the per capita GDP emergence also remain high in comparison to other developed nations. The economys high dependence on exports of products like electronic and information technology products, pharmaceutical and offshoot in pecuniary services make it a popular place for conducting business. The nation has demonstrated a GDP growth of 7.1% between the years 2004 and 2007 (CIA, Economy - overview). On the other hand Hong Kong also demonstrates a free market economy which depends highly on international finance and trade. The nations open economy was however greatly affected by the global economic recession which makes it a slight popular place, in comparison to Singapore for doing business. The residents of Hong Kong can establish RMB denominated savings accounts, the RMB denominated corporate, and the Chinese government bonds vex also been issued in the nation. Moreover, the RMB trade settlement has also been allowed in Hong Kong. The nation has a GDP growth rate of 3.8% between 1989 and 2010, however the growth gradually slowed down in the year 2009 (CIA-a, Economy - overview). It is seeming(a) that the higher GDP growth of Singapore in comparison to Hong Kong coupled with a free market economy makes it much popular for conducting business operations. Also the nations growth in the financial sector and high dependence on trade and finance compliments the same. Methods for marketing and distribution With avail of the Singapore economy there has been an increasing amount of affluent consumers who are able and w illing to dismiss and consume more. In addition to this a number of new shopping malls like the VivoCity, Ang Mo Kio Hub and primal have emerged which have further added stimulus to the retail sector since 2007. The existing shopping malls like Centrepoint, smock Sands and Tampines Mall have also been revamped, with the new extensions established to accommodate more number of retailers for stay competitive. The inflows of new retailers in the selling spaces have further attracted more consumers who have been increasingly visiting them. This had boosted their growth further in 2007 (Laposte, Singapore). in that respect are two different categories of consumers in the country Hong Kong. There are the local consumers, who account for 6.5 million numbers, while on the other hand the tourists, who are greedy lovers of the luxury items. The tourism sector generates greater than ten billion USD of income every year. It must be historied that tourists who come for shopping in Hong Kong are primarily Chinese from Mainland. The distribution network comprises of many intermediate and small family-type enterprises which try to remain in groups. The larger stores like the Lane Crawford, Sogo or display a very upscale image while the supermarkets and the neighboring stores like Wing on, Jusco and Sincere remain more profitable for making bulk products. The second market is more dominated by duopoly by Wellcome and Parkn shop. Hong Kong also has a number of discount stores