(less than four pages) Now, conduct research on the country chosen in detail. explain geographic location and show the map to class. b. for distribution of products. E.g., show pictures of the country (city and rural areas) to class. c. discuss size of the labor pool and quality of labor (e.g., education, skills, workmanship, etc.). Show pictures of the people to class. d. : overview of the countrys economic trends and outlook for the past three years (inflation rate, unemployment rate, economic growth rate, etc.). e. : Review exchange rate fluctuations since 2014. Visualize your findings . Be sure to identify the type of currency (e.g., won for S. Korea) and (e.g., $1 = 1,350 won). If you report the USD equivalent to one local currency (e.g., 1 won = $0.001), you will lose points. Interpret the graph and discuss the implications of your findings. Include the effect of exchange rate on the product price in your discussion. f. : Review how the balance of trade has changed since 2014. Visualize your findings and interpret the graph. Be sure to include how the exchange rate, legal/political positions (e.g., the effect of WTO or NAFTA), and demand factors influence the BOT between the selected country and the U.S. in your discussion. g. : The political environment and trade relations with the U.S. Discuss current political stability and legal environment of this country. Indicate the countrys government position toward international trade with the US. Discuss if there is any treaty or trade agreement between these two countries to support your sourcing decision. h. : discuss physical, linguistic, cultural, legal and political distance that impact uncertainty and transaction cost of outsourcing.
