International Business - Republic of Iran
In the submitted draft, the following points are worth retaining; firstly, the demographic data and its relationship to the national economy. Such factors include population, governance styles, national values, people’s contribution to national growth, the bedrock and economic driving forces, and trading partners and patterns among others. Again, a comparison of a particular currency versus the major trading currencies is essential in evaluating specific business environments. Factors which hinder business progressions such as sanctions and a weak relationship with corporate business stakeholders such as the private sector, trade organizations, regional political influences and taxation policies are key areas worth evaluating. As pointed out in the draft article, it is important to understand the consequences of war-related activities on the international business platforms including their effects on the local citizens as far as their economic participations are concerned.
Strengths of the Draft
The strength of the draft submitted is based both on history, factual data and information drawn from reliable sources. For instance, it is true that some nations may face economic sanctions from both the United Nations and major European superpowers, but still it equally important to analyze how such affected countries manage to continue thriving economically under such circumstances. This aspect has been properly highlighted in the article and backed up with data from reliable bodies. A classic example is Iran’s incredible sixth global ranking despite the numerous economic challenges that it faces. From the article, possible factors which contribute to economic growth in national, regional and even international stage are properly discussed. These factors such as the availability of educated and motivated workforce, sufficiency of resources, and availability of labor are related to the industrial base in an in-depth manner throughout the draft.
Another concept that the writer points out clearly is about foreign indirect investment (FDI). It is well explained how FDI can be raised in struggling economies. For instance, from the draft, the writer shows how prioritizing the main resource that drive the economy (such as oil, in the case of Iran, for instance) can scale up national FDI. Again, throughout the draft, the writer offers possible solutions that can be used to close the gaps and weaknesses that drag a particular economy from realizing its potential. Using the sample for Iran, being part of international trading bodies such as World Trade Organization, opens up both regional and international trading links that various countries can exploit to improve their economy. An evaluation of imports versus exports patterns enables countries to project and have close ties with their major trading partners.
Recommendations for improvements
In spite of the several strengths demonstrated in the article, certain weaknesses still exists. These weak links obviously require improvements. The arrangements of concepts would raise a concern for any reader. It is therefore necessary to put together all those elements that relate to a particular topic within the same concept. For instance, from the draft article, political concepts are found at the introductory part while other governance basics are highlighted towards the end of the draft. Therefore, having these political elements in one context enables the reader to have a complete view of the existing political situation thus makes it easy to comprehend how such setups contribute to the business environment. Again, the writer fails portray how different cultural and political systems impact on business environment. Perhaps an overview comparison of such systems would give a picture of how an entrepreneur can evaluate different business environments.
