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Awakening giants: country comparison of five emerging economies

Journal Article


Abstract


  • This study explores competitiveness of five emerging countries: Brazil, Ghana, Pakistan,

    Slovakia and Vietnam in particular key risk factors, opportunities and challenges for international

    business. In this study we examined non-conventional factors and indicators by focussing on

    institutional voids of these emerging markets as oppose to readily available traditional matrices such

    as per capita, growth rate, and other generic indicators. Hence, this study illustrates how asymmetries

    and unique factors are important in entering into emerging markets. Apart from the conventional

    approach of risk and opportunity assessment that uses traditional matrices, this study also analyses the

    critical aspects of international business and education to assess country risk and to study to study

    risks of business expansion into a foreign market. This study firstly will investigates the traditional

    matrices such as country profile, the political and legal system, cultural context and the country's

    economic system including currency risks. Secondly, this study will conduct secondary level

    institutional analysis investigating the macro level political and social institutional context, country

    openness, product market, labour market and capital market to explore level of absence of

    institutions. Finally, this study will discuss the results illustrating the opportunities and challenges of

    the emerging countries.

UOW Authors


Publication Date


  • 2016

Citation


  • Wickramasinghe, A., Gamage, H. Ramya. & Boyd, A. (2016). Awakening giants: country comparison of five emerging economies. Academy of Taiwan Business Management Review, 12 (3), 1-12.

Number Of Pages


  • 11

Start Page


  • 1

End Page


  • 12

Volume


  • 12

Issue


  • 3

Abstract


  • This study explores competitiveness of five emerging countries: Brazil, Ghana, Pakistan,

    Slovakia and Vietnam in particular key risk factors, opportunities and challenges for international

    business. In this study we examined non-conventional factors and indicators by focussing on

    institutional voids of these emerging markets as oppose to readily available traditional matrices such

    as per capita, growth rate, and other generic indicators. Hence, this study illustrates how asymmetries

    and unique factors are important in entering into emerging markets. Apart from the conventional

    approach of risk and opportunity assessment that uses traditional matrices, this study also analyses the

    critical aspects of international business and education to assess country risk and to study to study

    risks of business expansion into a foreign market. This study firstly will investigates the traditional

    matrices such as country profile, the political and legal system, cultural context and the country's

    economic system including currency risks. Secondly, this study will conduct secondary level

    institutional analysis investigating the macro level political and social institutional context, country

    openness, product market, labour market and capital market to explore level of absence of

    institutions. Finally, this study will discuss the results illustrating the opportunities and challenges of

    the emerging countries.

UOW Authors


Publication Date


  • 2016

Citation


  • Wickramasinghe, A., Gamage, H. Ramya. & Boyd, A. (2016). Awakening giants: country comparison of five emerging economies. Academy of Taiwan Business Management Review, 12 (3), 1-12.

Number Of Pages


  • 11

Start Page


  • 1

End Page


  • 12

Volume


  • 12

Issue


  • 3