ECONOMICS FOR GLOBAL BUSINESS Essay Example | Topics and Well Written Essays - 1250 words

ECONOMICS FOR GLOBAL BUSINESS - Essay Example The general prognosis is that even though the Irish economy had in the recent past undergone a massive cratering, it has been on a slow but steady path towards sustained growth. The fact that it is ranked so highly in terms of economic freedom augurs well for the general condition of the Irish economy. That freedom, it is said, is based on a stable legal climate that has a deep tradition of respecting rights related to property, as well as a regulatory environment that is conducive to openness in business as well as in terms of supporting Ireland’s efforts to make its economy competitive in the global economic arena (The Heritage Foundation 2012). That general climate is characterized by several key strengths in key areas such as the rule of law, the role of government, efficiency in regulation, and openness of markets. The legal environment, for one is said to be robust and stable, with Ireland having the reputation of having one of the most stringent regimes for the protecti on of intellectual property rights, as well as in the securing and honoring of contracts. Moreover, the regard for law extends to a low level of corruption in the country, making the country a favorable destination for those wanting to deal with a clean and honest government. Meanwhile, as far as government is concerned, its recent levels of spending have been cited to reach a total of close to 50 percent of the country’s Gross Domestic Product or GDP, resulting in the ballooning of the country’s deficit. The level of public debt of the country, as a result also, has reached levels equal to about 90 percent of the country’s GDP. The government has come to impose a tax on all business activities amounting to about 28 percent of the GDP, with income taxes at 41 percent, corporate taxes at 12.5 percent, and consumption taxes making up a substantial portion of total tax revenues as well, in the form of VAT and taxes on capital gains. Meanwhile, the government is sai d to have done well keeping monetary policies relatively stable, while at the same time fixing macroeconomics so that costs of labor are reasonable, costs of business establishment are minimal, and red tape associated with the conduct of business likewise being considered minimal. In terms of market openness, meanwhile, the facts are that tariff rates for products entering Ireland have been considered lower in comparison to other EU states, even as barriers that are not related to tariff are substantial, and somewhat negate the lower tariff regime in the country. Investors are treated relatively with parity regardless of whether investors are local or foreign, in an environment where the Irish government seems to have done well to make the investment climate efficient. The recent past has seen the country cave in because of the financial crisis tied to the property bubble there and elsewhere, as the banking system in Ireland had been similarly overexposed alongside banks in the othe r EU states, but as of 2012 the banks have been noted to have achieved a certain level of capitalization

How WOMEN In Saudi Arabia effect the international market and Essay

How WOMEN In Saudi Arabia effect the international market and international business - Essay Example A woman’s starting salary to a man’s in a similar position is relatively low and the similar situation applies concerning promotions to prestigious positions (Freedman 9). International market research encompasses several barriers in different regions particularly in the Saudi Arabia where the concept of woman working is a cultural and religious taboo. However, the unfavorable conditions in the Middle East and the North African (MENA) states complicate that involvement of the women in business even further. Saudi Arabia particularly does not allow women and men to work together and the only place that happens is in the hospitals (Alhujelan 67). Education is paramount for any business interactions and cultural relations. Business customs involves how analysis of different cultures, which interrelates with international marketing. Age maturity is very important when dealing with foreign cultures and business opportunities. This is because international relationships always involve interactions with different persons of varying cultures. Most of these characteristics to deal with international relations mostly result from education, which may be formal or informal. A lot of tolerance, interpersonal skills, flexibly and good communications are paramount to international interactions. These aspects are mostly paramount in matters of management and international coordination. Long are times when women succumbed to pressure due to cultural pressures and religious believes but they are recently going through education. Therefore, women have an equal playing field in terms of job opportunities and capabilities. Equally, women in Sa udi Arabia are defying all odds and are engaging in education despite the labor law dictating that women can only work in field that suit their nature (Profanter, Cate, Maestri and Piacentini 33). The increasing number of women joining careers in the country confirms that things are