Global Business Research Paper

Global Business Research Paper - Running Head EXPANSION TO...

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Running Head: EXPANSION TO EGYPT International Expansion to Egypt Hannah Blanton, Karly Davis, Olivia Glass, Raeleigh Harper Mississippi College Mississippi World Trade Center
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EXPANSION TO EGYPT Firms considering expansion of domestic operations into foreign countries require balanced and specific information about the international marketplace. This research examines the political economy, economic development, culture, existing trade relationships, ease of entry, and monetary considerations in the country of Egypt. Based on the research, a recommendation about the country’s attractiveness for foreign direct investment or export is made. Overview of Country Geography The country of Egypt is located in Northern Africa, and boarders the Mediterranean Sea and Red Sea. Egypt lies between Libya on the west and Sudan to the south. The country’s size is over eight times the size of the state of Ohio and over three times as large as New Mexico. The country consists of 995,450 square kilometers of land and 6,000 square kilometers of water. Terrain in Egypt is primarily dessert plateau with the exception of the Nile River valley and delta. Egypt has hot and dry summers with moderate winters (The World Factbook, 2016). Population According to a 2006 census, the population in the country is 99.6% Egyptian and 0.4% other ethnicities. The country is made up of 88,487,396 people. Arabic is the officially language, while English and French are used by the more educated classes. Individuals age fifteen and over can read and write. Women usually have an average of 2.83 children, according to a 2015 estimate. The birth rate is an average of 22.9 births per 1,000 persons in the population, while mortality rates are 4.77 deaths per 1,000 individuals. Life expectancy for males in Egypt is 71.06 years. The rates are a little higher for females at 76.47 years. The median age for Egyptians is 25.3 years and the country had a 1.79% population growth rate in 2015. The age structure for Egypt consists of the following: 31.89% of the population is 0-14 years, 17.64% is 15-24 years, 38.45% is 25-54 years, 6.86% is age 55-64 years, while 5.16% of the population is 65 years and over (The World Factbook, 2016). Infrastructure Infrastructure is composed of different natural and manmade resources within a country. Egypt has an abundance of different types of infrastructures. One type of infrastructure is the waterways. The three different ports are Alexandria, Port Said, and Suez Canal. The canals provide revenue due to the amount of people taking a toll waterway. The Suez Canal is a manmade canal that covers 76,000 square kilometers of land. Most roads in Egypt need to be updated. There are 5,841 miles of railroad tracks that have been laid across Egypt, however they are old and need to be revamped. Egypt is home to 90 airports and the most popular bridge in Egypt is Imbaba Bridge (Nations Encyclopedia, 2016). The country also boasts many natural
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resources, which include petroleum, iron, phosphates, natural gas, limestone, lead, and zinc (The World Fact Book, 2016).
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