International Financial System
***PLEASE NOTE: see attached for the week 4 assignment and elaborate upon the questions below- assignment needs additional 1000-1200 words***
This is a continuation of what you began last week in the discussion board. Use that as your base and build on it here for your final paper. The total word count for this assignment will be about 1400 to 1800 when you combine the week 4 and week 5 assignments. 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.
- Will your presence in this country be helpful in your attempts to invest in other developing countries?
- Is this country involved in any regional integration efforts? How so?
- Why did you choose this location for your bank?
- As a manager, what would be your overall assessment about whether you want to pursue opening an office there?
Are the financial risks worth taking?
Will it be beneficial to all of the stakeholders?
In pursuing this, what type of presence do you think would be best suited to your objectives?
- How should the plant be financed?
- Keep in mind that the country that the plant is in does not necessarily have to be where the financing is done.
- What is your final decision on the financial center you chose to work with? Write about the logic and reasoning for your decision?
Running Head: SWITZERLAND 1 1
SWITZERLAND 4
International markets
Student’s name
Institutional affiliation
Switzerland is a land with many people from all aspects of the world. The cultural characteristics indicate diversity. The ethnic compilation is indicative of many languages used as there are many nationalities in the country. When setting a new business in this country, there are challenges likely to arise in the process. One of the challenges is customer service, as there is a need for employees to acquire the relevant skills and knowledge of the people in the country that come from diverse cultures (Tjaden & Scharenberg, 2017). The other challenge is that employees need to first learn about the people in the area for acquaintance with their cultures that is costly. The organization has to adapt and make sure they are level with the social and educational standards of the people in this country.
Switzerland is a federal state. Its systems of political and legal are highly developed. In this country, the political and legal systems give citizens opportunities for a say in government affairs. Commercial law is well-defined, and it has many laws enacted for the protection of investments. The political structure is divided into the confederation with the legal foundation with a duty to enact laws and the Cantons that constitute states with their constitutions, government, parliament, and courts (Levi & Sendroiu, 2019). The last division is the municipalities that consist of the local authorities that perform functions like energy supply and civil defense. The legal system is divided into two sectors the public and private law.
The government is significantly involved with investors by setting a policy that ensures long-term monetary security. The country facilitates businesses to run by making the environment more favorable for business operations. This involvement will be useful to my banking business as I will be assured of monetary support as an investor. It creates an economy that is reliant on the rise of foreign investment that will increase the bank’s amount of operations. It will affect the business by increasing the number of clients that will yield more profit.
The type of market in Switzerland is free-market economies. This type of economy developed from the growth of banking and tourism in the country. The need to freely enter the market has been allowed for the longest period. Switzerland is a capitalist country that calls for people to use what is available within their limits.
The country engaged in exportation and importation of goods and services that ensure participation in international trade. The country makes exports to other countries and imports, which is insufficient in the country. The government gets involved in trade issues by restricting illegal trade into and out of the country. The government engaged in trade through policy-making of the sale of products. The policies regulate the sale of products by defining the accepted ones and those illegal in the country (Dao et al., 2018). This will help my financial institution, as there will be guidelines that need to be adhered to, to avoid problems with the government. The financial institution will operate within the accepted and recommended guide and promote the customer service increasing the consumer database.
References
Dao, H., Peduzzi, P., & Friot, D. (2018). National environmental limits and footprints based on the Planetary Boundaries framework: The case of Switzerland. Global Environmental Change, 52, 49-57. Retrieved from
https://www.sciencedirect.com/science/article/pii/S0959378017312153
Levi, R., & Sendroiu, I. (2019). Moral claims and redress after atrocity: Economies of worth across political cultures in the Holocaust Swiss banks litigation. Poetics, 73, 45-60. Retrieved from
https://www.sciencedirect.com/science/article/pii/S0304422X18301086
Tjaden, J. D., & Scharenberg, K. (2017). Ethnic choice effects at the transition into upper-secondary education in Switzerland. Acta Sociologica, 60(4), 309-324. Retrieved from
https://journals.sagepub.com/doi/abs/10.1177/0001699316679491