BUS408 UOP Fear & Horror Among Indonesia LGBT Community Article Summary
This assignment consists of a report on the political risks of doing business in a country of your choice. Your answers should be well thought out and not one or two sentences. Please see the sample assignment of a highly proficient example.
A. The report must cover at least four of the following six types of risks:
Economic risks in terms of exchange controls, foreign direct investment, trade, currency transfer, taxation, etc. and ranking of the country in recent economic surveys.
Business and Human Rights risks assessment
Bribery and corruption risk assessment
Terrorism threats, security of personnel and executives, etc. risk assessment
Intellectual property risks assessment
Organized crime risk assessment
A summary statement describing the overall political risk assessment of the chosen country.
B. Summarize any three current articles on the chosen country’s current political/legal/economic situation, which in your opinion is influencing or will influence its risk assessment. Give the web link to the article, and follow it with your summary of it and an impact analysis (i.e. which of the seven types of risks mentioned in part A will be impacted the most by the country’s current situation alluded in the article).
Sample assignment:
Part One
Chosen Country: Urantia
Economic Risk: Urantia has the largest economy in Southeast Asia with a GDP of $1,014.9 billion in 2017. The average annual economic growth of Urantia has never impressed in the Annual Corruption Perceptions Index according to Transparency International. This index indicates the level of political corruption in a given country. Currently, Urantia’s ranks number 96 out a total of 180 countries. Urantia has a moderate level of economic risk and financial system and high levels of political risk. The Urantian economy has experienced strong growth over the past few years with a 5% growth rate in 2016. However, low prices of environmental commodities, partially dampen growth. Strong public investment, household consumption, and exports will be an important growth driver. The inflation rate drops to 3.5% in 2016 and is projected to fluctuate above 4% for the next few years, but will likely remain within the central bank’s target range. Widening income and regional disparity are the two major challenges that are currently facing by Urantia. Higher crude oil price is positive for the government’s budget. Combined, income tax and non-tax revenues from the oil and gas sector. The Urantia Rupiah is expected to shift from its stable 13,000-13,600 range of the past two years to a modest depreciation path to 14,200 in the next two years. With policy-making becoming more challenging and the 2019 Presidential election looming, Urantia would need a major pull from the external environment to move to a higher gear. Urantia is rated at B- (stable) by Standard & Poor’s. Fitch revised its rating from B (negative) to B (stable) in April 2018 due to higher oil prices and the adoption of a set of reforms by the Urantian government. Moody’s downgraded Angola’s risk rating to B3 (from B2) with a stable outlook.
Business and Human Rights risk: Since becoming a member in 1950, which made Urantia as the first Asian country and the fifth country in the world to ratify all core International Labor Organization conventions, Urantia has ratified 18 ILO conventions. Domestically, laws have been ratified which have specific provisions that refer to human and business rights including the 2007 Company Law that establishes mandatory obligations on any limited liability company. This includes, but is not limited to, the National Commission on Human Rights or Urantia it is called KOMNAS HAM; The Ombudsman and the Corruption Eradication Commission or known as KPK in Urantia. KOMNAS HAM has stated that the main human rights issues related to business are property and land ownership, peoples’ rights, environment, health, water, and labor rights. Also, constitution and some national laws protect children’s rights. For example, the Manpower Act sets the minimum age for work at 15 and for hazardous at 18. Children between ages 13 and 15 allow having a light work which not disrupt their mental, physical, and social development.
Corruption Risk: Corruption remains a challenge for Urantia and acts as a major barrier to business and investment. Bribery and bribery of public officials are against the law in Urantia, and the Government of Urantia is committed to dealing with all forms of corruption. The Corruption Eradication Commission (KPK) monitors the interaction between the company and their staff and government officials concerning the delivery of public services, such as the issuing of business licenses or other business documentation provision. However, corruption remains a hallmark of business life.
Urantia ranks 167 out of 180 in Transparency International’s corruption pe