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  • 1. Accounting 421: International Accounting Fall Semester 2003 Business Issue and Country Analysis In a global economy, business and financial issues are not limited to within the borders of a single country or single industry. The global economy is a network of interconnected business firms, industries, governments, non- governmental (NGO) organizations, and Internet-based sources for financial and operating information. In a global economy, how do you start a business issue and country analysis? If you do not have a key business issue already in mind, how do you choose an issue to study? How do you choose a less developed country to study from a list of all of the countries in the world? Do you limit your search to a particular part of the world (e.g., Eastern Europe, Asia, Africa, Latin America)? Or do you identify a particular business, social, or political issue that affects a particular country or set of countries? The following list of LIAS and business library online business resources may help you narrow your search. University Libraries Information Access System (LIAS) http://www.lias.psu.edu/ Select > E-Resource List (A-Z):
  • 2. Primary Sources: Economist Intelligence Unit Scroll down and click on Economist Intelligence Unit (business intelligence) > select “Go There” > - you will go to the enterprise client access page 1 > Browse recent updates of Business China, Business Asia, Business Eastern Europe, Business Latin America, and Country Monitor to identify countries and topics of interest 2. > Select “All countries” (upper left side of screen) or select a part of the world (e.g., Asia) > select a country (e.g., India) 3. > Scan “Recent articles on the country” (e.g., India) > select one or more articles to develop a feel for how you want to approach your country analysis (e.g., 26 May 2003 India - IT services: Moving into the next league) Based on the information contained in the article or articles of interest, choose a topic or topics that will be the focal point for your country analysis (e.g., global IT services, business process outsourcing). The topic should have global implications and not just limited to the domestic economy.
  • 3. ISI Emerging Markets Scroll down and click on ISI Emerging Markets > select “Go There” > select a region of the world that you are interested in (e.g., Asia) > select a country (e.g., India) > select “Industry” (e.g., “Information and IT”) > Select from Profile buttons “News,” ”Analysis,” “Statistics,” “Companies” > the choices of information to look at are phenomenal > select from “view/save/print files Political Risk Yearbook Scroll down and click on Political Risk Yearbook > select “Go There” > select “Graphic Access” or “Text-only Access” > select a region of the world that you are interested in (e.g., Central and South Asia) > select a country (e.g., India) > view/print/save (pdf) files International Financial Statistics Online Scroll down and click on International Financial Statistics Online > select “Go There” > select “Country Tables” > select countries (e.g., India) > select series (e.g., exchange rates, interest rates, prices, production, labor) > click on the “+” button to add them to your series > view and close the “Currently Selected Series” window > click on the ‘retrieve” button on the far right > select “Microsoft Excel File’ and Save” > click on the “retrieve” button one more time > view the Excel file that you just created > choose “save as,” choose a folder, and name the file
  • 4. Secondary Sources: Background Notes: U.S. Department of State http://www.state.gov/r/pa/ei/bgn/ Select a country (e.g., India) > view/print > save as a browser file The country information is pretty basic. It provides a quick look at:  People  History  Government  Political conditions  Economy  Defense  Foreign relations  U.S. relations  Travel/business information CIA—The World Factbook http://www.odci.gov/cia/publications/factbook/index.html Select a country (e.g., India) > select “Print-friendly page” > view/print > save as a browser file The country information is pretty basic. It provides a quick look at:  Background  Geography  People  Government  Economy  Communications  Transportation  Military  Transnational issues
  • 5. Economist Intelligence Unit Scroll down and click on Economist Intelligence Unit (business intelligence) > select “Go There” > - you will go to the enterprise client access page The Economist Intelligence Unit (EIU) country reports are extremely comprehensive (typically running from 60 to 100 pages. 4. > Select Country Commerce for your country from Reports on your country (e.g., India) > select (pdf) from “(html) (pdf) Archive” > select your choice from “view/save/print (pdf) file 5. > Select Country Finance > select (pdf) from “(html) (pdf) Archive” select your choice from “view/save/print (pdf) file The following sections of the EIU reports appear to be the most useful as background for the country analysis project: Country Commerce Regulatory/market alerts and outlook 1.0 The operating environment 3.0 Incentives 5.0 Competition and pricing policies 10.0 Human resources 11.0 Foreign trade Country Finance Market assessment Market watch India at a glance Financial Policy 3.0 Monetary overview 4.0 Currency overview Financial regulations (scan) 5.0 Foreign exchange regulations (scan) Financial markets (scan sections based on team interests) As mentioned above, the EIU materials are quite extensive, stay focused and do not get lost in all of the details. Political Risk Yearbook Scroll down and click on Political Risk Yearbook > select “Go There” > select “Graphic Access” or “Text-only Access” > select a region of
  • 6. the world that you are interested in (e.g., Central and South Asia) > select a country (e.g., India) > view/print/save (pdf) files The following sections of Political Risk Services appear to be the most useful for the country analysis project: Country Forecast Highlights Current Data India Country Forecast Comment and Analysis Political Framework (scan) Country Conditions Investment Climate Overview Policies Legal Framework Infrastructure International Agreements Labor Conditions Climate for Trade Trade Barriers International Agreements Background (scan)
  • 7. Stamp Out Plagiarism: Cite Your Sources: http://www.libraries.psu.edu/instruction/infolit/andyou/mod8/mod8main.htm Select “Citing Your Sources” > select “print and web based citation guides” > scroll down to “Web-based style guides” > select “* Electronic Reference Formats Recommended by the American Psychological Association” > select Electronic Media and URLs > view/print > save as a browser file > select “A Writer’s Reference” > select “Social Sciences” > choose “Overview, Finding Sources or Documenting Sources” > view/print > save as a browser file