Econ Essay

Econ Essay: Please read the direction carefully.

1. Type a minimum of a 7 page written report including the following:
2. Cover Page (1 page)
3. Report (4 pages) Single-spaced with annotation for citations, font size 12 no larger than Ariel, complete paragraphs (minimum of 5 sentences). In some sections you may use bullet points when reviewing the infrastructure and institutions of the country. Illustrations and Graphs are great but they do not count toward the text requirement.
4. Citation (Bibliography) (1 page) in MLA format.

1. Visit Geert Hofstede’s web site at http://geert-hofstede.com (Click on Cultural Dimensions
2. Review the Six Dimensions under Dimensions of National Culture
3. Click on Tools and select Student/Academic
4. Click start under “Compare Countries” Select a Country for your report (do not select the United States)
5. Describe in your paper the dimensions of the country you selected and define what the dimensions mean and reflect about the national culture of that country.

1. Visit the Central Intelligence Agency’s website at www.cia.gov
2. Click on the World Factbook
3. Select your chosen Country
4. Give a detailed report on the infrastructure (miles of roads, seaports, rail lines, telecommunication, etc.)
5. Give a detailed report on the population (median income, education, birth rates, religion, ethnicity, etc.)
6. Give a detailed report on the resources of the country (Land, Labor, Capital, and Entrepreneurial Talent)
7. Give a detailed report of the country’s Rule of Law and political system (Property Rights?) What are the country’s current economic issues?

Other great sites that offer economic insight are the World Trade Organization’s website at www.wto.org, or the United Nations’ website at www.un.org

1. Choose an Industry & Product (Be creative it can be anything)
2. Is there enough resources in the country you selected to get your goods to market?
3. Define and explain the type of company/industry (Oligopoly, Monopoly, Monopolistic Competition)
4. Define and explain your product (unique, differentiated, or identical).
5. Define and explain what market your product is intended for (general, niche)
6. Define and explain whether or not you would choose this country based on the research you have conducted and explain your decision based off of your research. Remember the answer maybe NO!