A regional bank has decided to open an office overseas for serving those businesses that are expanding internationally. Choose a country with a large financial center that you believe would be helpful to your customer base.
1) Discuss some of the challenges you may face in this new environment.
-What are the cultural, ethnic, social, and educational characteristics?
2) Describe the political and legal systems.
-How much does the government intervene in the private sector?
3) How will that affect your financial institution?
-What type of economic system does it have?
4) What is the history of that economic system?
-How is the country involved in international trade?
5) How does the government get involved in trade issues?
-Will that help or hurt your financial institution?