CountryReports: Countries of the World

Your company wants to put a ball-bearing factory in Africa. Your company predicts this is where the most growth will be in the 21st century. Your assignment is to research a country on the African continent that you think would be the most advantageous to your company in cultural, economic, and political environments. Your assignment is to point out and explain the facts or statistics that you think would make this country a good place to build and staff your factory. Remember to keep the cultural, economic, and political environments in mind. Your presentation must include at least two facts or statistics that relate to each environmental area (cultural, economic, and political). Feel free to use the suggested readings as a starting point for your research on sources of data about different countries in the world. You must use at least three authoritative sources, and you are required to use the CSU Online Library for at least one of your sources. 

Running head: COUNTRY REPORT
COUNTRY REPORT
Name of the Student:
Name of the University:
Author Note:

1COUNTRY REPORT
Introduction:
The global analysis of the ball bearing companies is likely to rise in the upcoming years.
A recent analysis by the global market analysts has projected that the industry is likely to expect
a huge rise in the upcoming years. Considering the market aspects of the industry, there are
potential opportunities in this industry (Markets, 2020).
The considered organization is aiming at venturing out in the countries of Africa to attain
the market opportunities that are present, and the most potential country which can be considered
by the organization is Nigeria. In the following, a detailed analysis of the political, economic,
and cultural analysis have been provided in order to understand the opportunities that are present
or available in the market ("U.S. Embassies in Africa", 2020).
Political Analysis:
The country has a stable government which is practicing democracy since 1999. The
recent election that had been held in the year 2019, again propounded that the practices of
democratic behavior is deep seeded and is potentially successful considering the election results
of 2019. The president of the country, Muhammadu Buhari, is an effective choice and is known
for his ethical behavior and practices. He had been fighting the corrupted behaviors that had been
in practice in the country, and has taken effective steps to manage the unemployment situations
that is governing in the country. The president is also aiming at using the diverse population in
an effective manner to diversify the economy and to boost the economic conditions of the
market. The government of the country has also federated the structure of the country to enhance
the resilience climate within the country, thus enhancing the life style of the population

2COUNTRY REPORT
(Solutions, 2020). Therefore, the political environment of the country is perfect for the
considered to organization to extend itself in the country.
Economic Analysis:
The country is observing heavy fluctuation of the GDP because of the influence of the oil
prices. The economy of the county is hugely dependent upon the oil price volatility, and since the
GDP had been dropping since 2015, the economic growth of the country has been thwarted. The
country had tried to focus more onto the development of the agricultural filed, by the lack of
resources and the high prices have affected the growth of the field as well. All these had led to
increase of unemployment in the country. However, currently the oil prices have been made
stable and hence according to the economist the GDP of the country is likely to increase
("Overview", 2020). The government of the country is also aiming at welcoming international
companies into the market. Therefore, if the considered company is wishing to extend itself then,
it is likely the organization will expect a good growth.
Cultural Analysis:
The culture of the country is essentially characterized by diversity, unemployment, pride
for nation and an orientation to family life. The people of the country are very open and
welcoming and are have a high integrity among themselves. All these can prove to be very
effective and beneficial for the considered company. Also, the culture of the country is defined
by the hierarchy, guidance and family life, which refers to an environment of care, integration,
and harmony. Therefore, if the considered company can venture out in the country then it can
gain a dedicated and integrated employee base ("Nigeria* - Hofstede Insights", 2020). More
importantly, the organization can gain a cheap labor, considering the poverty situation and the

3COUNTRY REPORT
economic situation of the country. There is also a hierarchical structure in the social and the
cultural life of the country which can reduce the chances of conflicts within the organization.

4COUNTRY REPORT
References:
Markets, R. (2020). Global Ball Bearings Market 2017-2021 - Key Challenges, Trends &
Drivers. Retrieved 29 February 2020, from
https://www.prnewswire.com/news-releases/global-ball-bearings-market-2017-2021---
key-challenges-trends--drivers-300506949.html
Nigeria* - Hofstede Insights. (2020). Retrieved 29 February 2020, from https://www.hofstede-
insights.com/country/nigeria/
Overview. (2020). Retrieved 29 February 2020, from
https://www.worldbank.org/en/country/nigeria/overview
Solutions, E. (2020). Nigeria Economy, Politics and GDP Growth Summary - The Economist
Intelligence Unit. Retrieved 29 February 2020, from https://country.eiu.com/nigeria
U.S. Embassies in Africa. (2020). Retrieved 29 February 2020, from https://2001-
2009.state.gov/p/af/ci/105139.htm