Country Focus Research Paper Example | Topics and Well Written Essays - 2250 words

Country Focus - look Paper ExampleThe report includes extensive analysis of the automotive as well as the poise sectors. These sectors are the spearhead for further economic transformation (The International Bank for Reconstruction and Development, 5-6). The report also considered the extensive up gradation in transport facilities and secure modes of power supply. The republic is now focus on handling the challenge of rising demand. The mining industry of the country is under the spotlight as new markets are emerging which posits the opportunity to trade. The emerging markets promises further growth in iron ore. The country recovered fairly well after e contraction in the year 2009 and such sorting of recovery can be matched by very few economies. The focus now has diverted to the sectors that translate multiplier effects and initiatives obligate been taken to increase the output of the productivity sectors. Unemployment has been a subject of care for the country but fails t o posit serious impact on the economy. The country is following the policy of maintaining semipolitical stability and is on the way of providing good business environment along with rich natural resources (SAinfo newsperson and BuaNews). Cultural Aspects The central unit of the society is formed by families. The nuclear families are paramount to the origination of individual. The family serves the purpose to support the community both financially and emotionally. The concept of time differs between the black and color Africans. The white Africans try to keep the pace according to time while the black Africans are unremarkably believed to complete the work at slower pace. The cultural ancestry impacts on the differences in communication styles. The Africans who have the potential to speak English principally maintains a reserve and conservative mannerism with the objective to evacuate conflict. The Africans from other backgrounds usually maintains a direct and explicit approac h of communication. The objective of them is to be honest and forthright. This implicates that they ordain not hesitate to refuse anything in public. In order to initiate the business deals successfully, it is important to be aware of the styles of the different communities. The abundant availability of natural resources has paved the way for the country to become the largest certain economy among the countries of Africa (Willumsen, Moene and Hoyland, 1-2). The per capita GDP has made the country as one of the top 50 wealthiest nations of the world. The country has got grand potential from the investment point of view with one of the emerging market economies around the globe. The approaching styles generally tend to vary depending on the ethnic heritage of the country. The Africans who can speak English generally follows a formal and polite mannerism to address someone. The black Africans generally follow an informal approach to greet someone who is unknown to them. The initial gesture that is most common in this part of the world is a formal givehake. However for the female associates, the trend is to wait for the female to offer a shake of hands first. For long term business success it is important to build relationship and networking. The residents generally prefer a win-win situation where both the associated parties tend to gain something for the business negotiations. So it is advised to avoid confrontation and self-asserting bartering over prices.