Awakening giants: country comparison of five emerging economies

Wickramasinghe, Ananda, Gamage, Helan Ramaya, and Boyd, Aaron (2016) Awakening giants: country comparison of five emerging economies. Academy of Taiwan Business Management Review, 12 (3). pp. 1-12.

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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 opposed 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 tudy 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 investigate the traditional matrices such as country profile, the political and legal system, cutlural context and the country's 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.

Item ID: 46923
Item Type: Article (Refereed Research - C1)
Keywords: international business, institutional void, country comparision, international education, emerging coutnries, risk and competitiveness
ISSN: 1813-0534
Date Deposited: 22 Jun 2017 00:50
FoR Codes: 14 ECONOMICS > 1499 Other Economics > 149901 Comparative Economic Systems @ 25%
15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1503 Business and Management > 150308 International Business @ 75%
SEO Codes: 91 ECONOMIC FRAMEWORK > 9103 International Trade > 910399 International Trade not elsewhere classified @ 50%
95 CULTURAL UNDERSTANDING > 9599 Other Cultural Understanding > 959999 Cultural Understanding not elsewhere classified @ 50%
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