The objective of this article is to conduct an audit of the supranational business opportunities available to Senegal by analyzing its macro-environmental factors and current backup situation.
In the first part, the frameworks from Daniels & Radebaugh will be used to interpret Senegals political, economic structure and cultural attitudes. The nature of Senegals planetary trade (outward & inward) will also be discussed in this part, as well as the relevant trade groupings.
In the succor part, Daniels & Radebaughs theories and two other theories will be apply to describe the nature of advantage. Moreover, the current situation will be provided by using Porters Diamond of study Competitiveness. At last this article will give any(prenominal) recommendations in improving Senegals current international trade strategy.
2.0MACRO-ENVIRONMENT ANALYSIS OF SENEGAL
2.1POLITICAL SYSTEM
Daniels and Radebaugh(2011, pp136) states that The interplay of political ideologies, conceptions of political freedom, legacies of legality, presumption of fairness, and the sour of exponent make for challenging business environment. In the theme of Senegal, the relatively stable political situation provides a compulsory environment for business investment.
Senegal is a western Africa country.
In 1960, Senegal became an self-sufficing country from France and set up Dakar as its cap city. Senegal is a secular republic with a strong presidentship and multiple parties; the president gathers executive power in glove and is elected every five years. Legislation and Judiciary ar reasonably independent in Senegal.
Senegal is one of the few African countries that has never experienced a coup détat, power was always transferred peacefully. The government operations of Senegal are considered to be transparency compared to many other African countries. However, corruption has an assignable invasion on its economy. In 2009, Freedom House downgraded Senegals status from...If you ask to get a full essay, order it on our website: Orderessay
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