Greece is located in Southern Europe, positioned geographically between the Aegean and Mediterranean Seas, Albania,…

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CASE STUDY 1.Greece is located in Southern Europe, positioned geographically between the Aegean and MediterraneanSeas, Albania, and Turkey. Major national resources include lignite, petroleum, iron ore, lead, nickel, salt andhydro-power potential.Greece has a population of 10.78 million people, with Athens, the capital, home to 3 million people.Population growth has stabilized at zero in recent years. Greece is a fairly homogeneous country, with closeto 95% of the population with Greek ethnicity. With a median age of 44 years, Greece has older populationthan most countries in the world. In recent years, the country has struggled economically, leading to the thirdhighest unemployment rate in the world.The country’s GDP is estimated at US$238 billion. After years of negative economic growth, and declines of9.1% in 2011 and 7.3% in 2012, Greece’s GDP finally grew in 2014 by 0.7%. GDP per capita in Greece isestimated at $26,000. Greece has a capitalist economy, but the public sector accounts for approximately 40%of GDP. Greece was significantly impacted by the financial crisis of 2008. Greece’s poor financialmanagement of the country’s budget and its failure to report massive deficits in a timely fashion to itsborrowers amplified the impact of the crisis, causing the economy to spiral downward. As a consequence,Greece was no longer able to borrow in global markets. Ultimately, Greece was required to take a US$316billion bailout from the European Union. In return for the bailout, the Greek government was required toimplement dramatic spending cuts and tax increases to reduce its budget deficits. In total, aid from theEuropean Union has amounted to approximately 3% of the country’s GDP.The country has started to show some limited signs of progress and has recently agreed to further economicreforms in return for liquidity from its lenders. Greece is not out of the woods, however. The bailout moneyhas largely gone to the country’s lenders and has not yet been able to support the restructuring of theeconomy.In 2015, Greece received its third bailout in five years. Relations between Greece and its creditors remainstrained and contentious. On several occasions, Greece has threatened to defaults on its loans and has evencontemplated exiting the European Union. The 2015 bailout allowed creditors to demand harsh austerityprograms and require deep economic and structural reforms. These measures included raising the retirementage, cutting pensions, liberalizing the energy market, opening up protected professions, enlarging a propertytax that Greeks already despise, and moving ahead with a program to sell state-owned enterprises and otherassets.Answer the questions below and ensure that:a. You address ALL parts of the questions.b. Provide sufficient details and rationale behind your opinions, or recommendations.c. Refer to International Management theories and concepts when answering the questions.d. Plagiarism and referencing requirements fully apply.e. Conduct necessary research to support your answers.1. If you are a consultant for a business looking to expand in southern Europe, will Greece be an option foryou? Why yes/no? What concerns would you have about entering the Greek market?2. If the government does, in fact, implement the agreed-upon measures, would that be a sign that the countryis on the right track?Text and questions retrieved from: Doh, J. and Luthans F. (2018). International Management, McGrawHillEducation, New York, NYCASE STUDY 2.Comprised of more than 3,000 islands, Japan is located off the eastern cost of mainland Asia. Japan’s totalland mass is slightly less than that of California. The country is largely mountainous and contains very fewnatural resources. In fact, Japan is the largest importer of coal and liquefied natural gas in the world.Japan is among the densest large countries in the world. More than 90% of the county’s population, estimatedat nearly 130 million in total, lives in urban areas. Approximately 38 million people live in Tokyo alone.Japan’s population is much older than many other countries with close to 80% of its people at 25 years old orolder and a median age of 46.5 years. The population is expected to continue to slowly decline in theforeseeable future.Japan’s 2014 GDP was estimated at US$4.601 trillion, making it the third largest economy in the world.Previously second to only the United States, the country’s flat and sometimes declining economic growth ratehas allowed the fast-growing Chinese economy to overtake it in total size. Japan’s economy has beenstruggling to gain traction since the 1980s. This issue might be tied to its public debt, which, in 2014, equaledmore than 200% of its annual GDP.Japan has a parliamentary government with a constitutional monarchy. Its legal system is largely based on theWestern model with some elements of traditional Japanese culture. The country’s corporate culture is oftencriticized for the close business-government relationship that many large companies have, leading manyoutsiders to call the relationship “Japan Inc.” This culture is also very resistant to change and strives forstability, often leading to substantial losses. For-example, many experts cite the close business-governmentrelationships as a cause of the Olympus scandal in 2011, in which the company, with the help of thegovernment auditors, hid more than US$1 billion in losses for two decades. The Japanese government alsohas been criticized for blocking private sector solutions to economic underperformance. For-example, ratherthan allowing foreign investors to acquire failing or underperforming Japanese businesses, the governmentinstead seeks to support those domestic businesses in the form of cash loans.One of Japan’s biggest companies is looking for a foreign buyer. Sharp, Incorporated is a manufacturer ofconsumer electronics, but it, along with Toshiba, Hitachi, and Sony, has experiences significant difficulties inrecent years. In fact, sales have been so bad for these Japanese companies that the Japanese government hashad to provide financial support. Sharp is suffering from its own high manufacturing costs and lower-costcompetition from China. Following the government’s unsuccessful search for a Japanese buyer, Sharp is nowlooking outside of the country for help. Although Sharp is a major player in consumer electronics, foreigninvestors have found it difficult to complete purchases of Japanese companies. Challenges include culturalconcerns, as well as more specific issues regarding reluctant management and a protective government. Sharphas received some offers from outside investors, but it has also received offers from Japanese government backed companies.Answer the questions below and ensure that:a. You address ALL parts of the questions.b. Provide sufficient details and rationale behind your opinions, or recommendations.c. Refer to International Management theories and concepts when answering the questions.d. Plagiarism and referencing requirements fully apply.e. Conduct necessary research to support your answers.1. If you were a foreign investor, would you want to invest in a consumer electronics company in Japan?Why yes/no? Does the fact that the company has had past problems requiring government interventions affectyour decision? Why yes/no?2. How does it impact your decision that you would be competing with a government-backed companyduring the bid process?Text and questions retrieved from: Doh, J. and Luthans F. (2018). International Management, McGrawHillEducation, New York, NY
Greece is located in Southern Europe, positioned geographically between the Aegean and Mediterranean Seas, Albania, and Turkey. Major national resources include lignite, petroleum, iron ore, lead, nickel, salt and hydro-power potential. - Robust Papers.

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