International Business. Country South Africa Essay
Country South Africa
se this discussion sample as a guide when completing your own analysis.
Economic measures are an important piece of the market assessment process. In this discussion, you will work on the following critical elements of the final project: Economic Measures, and Transportation and Telecommunication. Using The World Factbook, World Bank (World Bank Video Transcript: INT-113 Geek out with Tariq - The Geek and the Internet.docx) Trading Economics, and International Trade Centre, find the following economic data on your project country:
Interest rates
Unemployment
Inflation
GDP
GDP growth rate
Exchange rates against USD
Exchange rate regime
Labor force major industries
FDI rates
Using The World Factbook, identify the following elements of physical infrastructure:
Major airports and seaports
Railway stations (government websites)
Internet users
Mobile providers (use txtNation)
Logistics performance index rating (use The World Bank Logistics Performance Index)
Consider the data collected and make some observations on the stability and strength of the economy in your project country. What do high and low levels of unemployment indicate? What does the exchange rate regime tell you about the economy? Consider the presence of existing industries and identify areas of opportunity or risk. Also consider the logistics of shipping and distribution based on physical infrastructure.
International Business - Economic Measures, and Transportation and Telecommunication Name Course Date South Africa’s central bank has kept its benchmark interest rate at 6.75% since September 2018 and the prime lending rate at 10.25%. In 2016, 2017 and 2018 the unemployment rate, total (% of total labor force) (modeled ILO estimate) was 26.55%, 27.33% and 27.37% (World Bank, 2019). The country’s inflation was in 2018 was 4.7% within the 3.0%–6.0% target, while the GDP was 348.72 billion USD I 2017, while the real GDP growth rate was 1.3% in 2017 and 0.8% I 2018 (World Bank, 2019). On 31 December 2018, US Dollar to South African Rand Exchange Rate was 1 USD= 14.3637 and the free floating exchange rate regime has been used for almost three decades (World Bank, 2019). The mining industry is the most dominant primary sector, while the manufacturing industry) is the most important secondary sector, and includes the (autos, food, drink and commercial machinery (Fitch, 2019).The major airports are located in major cities n Cape Town, Durban, Port Elizabeth, Richards Bay and Saldanha Bay, O.R. Tambo International Airport, Cape Town International Airport, Port Elizabeth International Airport East London Airport and Durban International Airport. The Port of Durban handles the biggest container terminal in southern Africa, and there are other important seaports such as Port of East London, Port of Richards Bay, Port Nolloth and the Port of Saldanha Bay. There is a total of total:...