Country-risk analysis Research Paper Example | Topics and Well Written Essays - 1250 words

Country-risk analysis - Research Paper Example to define South Africa based in terms of common occurrence and norms of society but also in terms of encapsulating the business environment and detailing how an individual or their family might necessarily be impacted by a move from candidate to South Africa. Rather than avoiding the issue until later in the analysis, it is first necessary to grapple with the proverbial gorilla in the room. Essentially, up until only two decades ago, South Africa was an apartheid state. Whereas the United States and other nations around the globe ceased segregating individuals based upon race many years ago, South Africa held on to a very conservative and racial viewpoint of society; one in which Africans and individuals of European ancestry did not integrate with one another and oftentimes did not engage within society. Naturally, these rules were established by a government which was predominantly European in ethnic origin (Vincent & Howell, 2014). Not surprisingly, the ethnic strife that this caused and the difficulty on race relations was profound. Within the current era, South Africa continues to exhibit some of the most profound and oftentimes violent racial relations of nearly any nation on earth. Accordingly, many individuals that come from Europ e or North America are flummoxed to see the degree of racial tension that exists within South Africa and the overall degree to which the painful past is reflected in current society, politics, culture, and even entertainment. As a direct result of this dynamic, it is necessary for individuals to appreciate the fact that the racial overtones and overtones within South Africa will be much stronger as compared to Canada. With this in mind, a renewed level of sensitivity to racial concerns and the degree and extent to which interaction and engagement with individuals of different races takes place within society and is normalized will be required (Govinder et al., 2013). Another relevant concern with respect to life and conducting

Entrepreneurship and Venture Creation Essay Example | Topics and Well Written Essays - 4000 words - 1

Entrepreneurship and Venture Creation - Essay Example They seek to provide high quality goods at low costs through innovation. This factor together with wealth creation led to economic growth. Entrepreneurs seek to invest money in small and medium market enterprises. This leads the niche market to flourish and strengthen the economy. This is why a society only receives consideration of prosperity as to the degree to which it encourages and rewards entrepreneurship (Stel 2005 pg 18). In many liberal economies, entrepreneurship pursuit receives high priority as opposed to its consequences. However, careful evaluation reveals that this behavior creates a credit crunch that leads to financial turmoil. The economic and social impacts of entrepreneurial activity with no regulation lead to short-term benefits (Acz, 2010 PG 78). Yet, in the end national markets, economies, individual and firms suffer severely resulting into huge value destruction. This essay seeks to analyze the theory of entrepreneurship and its relation to the UK economy coming from recession. It will discuss different types of entrepreneurial activities. It indicates how each activity affects economic performance. Entrepreneurship before the recession was unregulated. This led to issues arising in the capitalist economies leading due to short-term profits and speculation bubbles. The entrepreneurs experienced adverse effects of economic factors beyond their control. These include limitation of amount of credit available, decrease in demand and reductions in confidence levels. This resulted in business closures, loss of employment and economic stagnation. The capitalist economy present at the time though highly adaptive and robust held a crisis between its relationships to the society (Stel, 2005 pg 124). The freedom it gave to an enterprise to engage in wealth creation and maximization was in contrast to the society expectation of responsibility. The old entrepreneurial theory receives its basis from the capitalist theory of growth.