Global Dimensions of International Business
ALLIANCE BUSINESS SCHOOL
SUBJECT- GLOBAL DIMENSIONS OF INTERNATIONAL BUSINESS
ASSIGNMENT NO.-1
DATE: 02/03/11
SUBMITTED TO: Prof. M V NARASIMHAN
SUBMITTED BY: Akshay Shah
Answer: 1
IMPACT OF POLITICAL TURMOIL IN EGYPT ON GLOBAL BUSINESS:
Political turbulence in Egypt in casting a poll on world financial markets driving up the prices of crude oil & food and creating new risks for the shaky world economy in the months ahead.
Following are the impacts of political turmoil in Egypt on global business:
•
Oil prices reached last week their highest 110 dollar per barrel of raw oil since 2008 & investors sold off both stocks and bonds of many developing nations, particularly in the middle east.
•
The turbulence on financial markets shows how political upheaval in one place- first Tunisia, now Egypt- can set off hard to predict reverberations around the world, possibly undermining the global economic recovery.
•
Investors are most concerned that other Muslim nations, particularly those of autocratic leadership & vast oil reserves, will soon see their ruling regimes threatened as well.
•
International organizations also trying to monitor more urgent concerns, what’s going on in Egypt has again reminded world that the world economy is not out of the woods & that things we do not anticipate can have a significant negative effect on global markets & risk sentiment. •
Because of political & business instability in Egypt- lead with the problems with foreign receipts & currency.
•
Economist & Investors all around the world have fear that political developments could disrupt oil exports from Saudi Arabia or other oil reserved nations.
•
The greatest threat for global economy- absent a spread of popular revolt to other nations in the middle east or beyond – is the disruption of shopping through the Suez Canal.
•
In forthcoming days, it will be challenge for government to keep the political stability in
Egypt,
SUBJECT- GLOBAL DIMENSIONS OF INTERNATIONAL BUSINESS
ASSIGNMENT NO.-1
DATE: 02/03/11
SUBMITTED TO: Prof. M V NARASIMHAN
SUBMITTED BY: Akshay Shah
Answer: 1
IMPACT OF POLITICAL TURMOIL IN EGYPT ON GLOBAL BUSINESS:
Political turbulence in Egypt in casting a poll on world financial markets driving up the prices of crude oil & food and creating new risks for the shaky world economy in the months ahead.
Following are the impacts of political turmoil in Egypt on global business:
•
Oil prices reached last week their highest 110 dollar per barrel of raw oil since 2008 & investors sold off both stocks and bonds of many developing nations, particularly in the middle east.
•
The turbulence on financial markets shows how political upheaval in one place- first Tunisia, now Egypt- can set off hard to predict reverberations around the world, possibly undermining the global economic recovery.
•
Investors are most concerned that other Muslim nations, particularly those of autocratic leadership & vast oil reserves, will soon see their ruling regimes threatened as well.
•
International organizations also trying to monitor more urgent concerns, what’s going on in Egypt has again reminded world that the world economy is not out of the woods & that things we do not anticipate can have a significant negative effect on global markets & risk sentiment. •
Because of political & business instability in Egypt- lead with the problems with foreign receipts & currency.
•
Economist & Investors all around the world have fear that political developments could disrupt oil exports from Saudi Arabia or other oil reserved nations.
•
The greatest threat for global economy- absent a spread of popular revolt to other nations in the middle east or beyond – is the disruption of shopping through the Suez Canal.
•
In forthcoming days, it will be challenge for government to keep the political stability in
Egypt,