United States Foreign Policy and Greece

Chapter by chapter list Introduction Economic Cooperation Diplomatic Relations Military Instruments Cultural and Psychological Relations Conclusion Cited Introduction Foreign alludes to the outside condition of the state. Strategy is a game-plan that a state or an association expects to do. International strategy is worried about instruments applied in cooperating with different states. They incorporate the rule and methodologies intended to accomplish the premiums of a state externally.Advertising We will compose a custom examination paper test on United States Foreign Policy and Greece explicitly for you for just $16.05 $11/page Learn More Policies made ought to be objective situated; they target something positive particularly in issues of national security. Instruments applied can be conciliatory, monetary, social or military. Political instruments comprise of acknowledgment and withdrawal of acknowledgment, reviewing of envoys, setting up strategic workplaces, applying travel ba ns, state visits and greeting of state visits. Monetary instruments relate to outside guide, slapping of financial authorizations, exchange understandings and exchange blacklists. The state can also apply military instruments, for example, taking part in war, shaping military collusions and offering military help. Psycho-social instruments identify with broad communications (print and communicate), scholastic grants, for example, Fulbright, social visit trade and foundation of social focuses. International strategy instruments decide the benefit a nation gets from other incredible states. This paper inspects the instruments corresponding to the international strategy of United States and Greece. Financial Cooperation In February 1950, the administration of the United States marked a convention at Athens Greece. The understanding was intended to fortify outside relations between the two states. The show had clear destinations that planned for accomplishing enormity for the two states . Greece was not to be burdened vigorously; it was to appreciate special treatment. Independent ventures were not being burdened thus reassuring rivalry among Greek and American organizations in the United States. The two states appreciate common relations most definitely. Greece is deliberately situated in that the vast majority of oil from Middle East goes through it. The oil arrives at Europe and the United States from Caspian Basin through Greece. The foundation of local vitality venture called ITGI (Interconnector Turkey-Greece-Italy) fortified monetary relations among Greece and different states-United states included. The Greek port of Alexandroupolis situated along the coastline of Aegean is key to the United States since it fills in as a course for oil development from Middle East to different pieces of Europe (Dimitrios 35).Advertising Looking for research paper on worldwide relations? How about we check whether we can support you! Get your first paper with 15% OFF Learn M ore The United States co-picks Greece and Turkey in achieving its financial advantages in Middle East. Greece helped out the United States in 1990-91 Persian Gulf War. Financial interests in the war drove them both. Prior to 1990, Greece was a significant recipient of the United States outside Aid. It got subsidizing in framework improvement, for example, extension of ports for import/sends out turn of events, hydroelectric force buildings for power age and social enhancements. The two accomplices have slapped monetary assents to resistant states infrequently. Strategic Relations The United States have been proposing solid relations among states particularly those around Middle East. Greece has been holding harmony talks and has proceeded to sign safeguard participation with Arabic states for the benefit of the United States. Greece gets vital corresponding to American battle against psychological warfare. The interests of Americans in Palestinian-Israeli clash are all around cooked for by Greece as of late. The Greek heads have been facilitating gatherings among Israel and Palestine. Greece recently has changed its substitute the longest clash among Palestine and Israel. The improved relations among Israel and Greece are a direct result of political collaboration between United States and Greece. Israeli pioneer Moshe Katsav in 2006 just because visited Greece prompting trade of state visits between the pioneers. The Greek government is consistently in solidarity with the United States in the midst of hardship. It winds up reviewing high magistrates and ministers to opening in consistence from uncooperative states. The two accomplices in the global framework authorize approaches in solidarity with one another. The United States pulls back acknowledgment for pioneers apparent to be meddling with Greek interests. The two states relate well due to the enormous Greek populace in the United States. The Greek populace in the United States impacts the administration to make sound international strategies to Greece. The American government has built up discretionary workplaces in places apparent to be with Greek populace, for example, South Africa.Advertising We will compose a custom examination paper test on United States Foreign Policy and Greece explicitly for you for just $16.05 $11/page Learn More The United States appointment on different events has been welcome to Greece. The pioneers survey understandings made and extends mutually subsidized by the two governments. The Greek government helped the United States in intervening the contentions among Russia and Georgia. Greece teams up with the United States in chilling off the temperatures in Middle East that causes movement. It further offers helpful help to the Muslim States. It additionally helped the United States in bring joining among Balkans and forcing Turkey in promotion to European Union. Military Instruments The U.S and Greece started participating quite a while back with the un derlying settlement being marked in 1953. The significant activity today is fixated on the naval force. The U.S. runs an army installation at profound water port. What's more, the nation works the Sounda cove landing strip to help Greece. The Greek government consequently gets a tremendous military help with terms of the two assets and innovation. The United States government offers present day military abilities to Greek officers and security faculty (Paterson Clifford and Maddock 378). The Greek government maintains the precepts of free enterprise and United States thoughts of majority rules system by interceding militarily to reestablish vote based system in unsteady states, for example, Kosovo. The legislature of Greece is an incredible supporter of North Atlantic Treaty Organization (NATO). In 2003, NATO was accountable for International Security Assistance Force (ISAF), larger part of the harmony guardians were Greek. The Greeks contributed a great deal of cash to Afghanistan improvement and philanthropic guide. Through Greek cooperation in NATO, the Balkans has had help in socio-political and monetary associations. Greece drove the NATO-drove Kosovo Force (KFOR) in Bosnia, which brought regularity and vote based system among Balkans. Greece is brimming with speed for NATO’S sea shield counter-theft activity that serves to offer security to World Food Program reinforced and trade yachts off the shore of Somalia. Greece has been driving an European Union’s Atalanta counter-theft mission.Advertising Searching for research paper on global relations? How about we check whether we can support you! Get your first paper with 15% OFF Find out More The United States’ maritime reinforcement at Sounda Bay on Crete islands encourages moves and calculated help to European Command (EUCOM), Central order (CENTCOM). The NATO powers take part in military activities in Iraq, Afghanistan, Balkan states and the Middle East, which are all encouraged by Greece (Economides 472). Social and Psychological Relations The voice of America is one of the major outside media in Greece. It is accountable for apportioning American qualities to the individuals of Greece. Individuals change their recognitions about the Americans and their way of life. The two states have social focuses in ether America or Greece. The focuses instruct residents on the significance of collaboration in the global framework. The United States with its Fulbright grant program has had the option to impact the relations between the two states. Researchers from Greece get open doors in the United States. Courses in Greek are offered in different American foundations. End Greece is exceptionally key to the United States consequently the administration ought to consistently keep up great relations with Greece. The vast majority of oil from Middle East goes from the coastline of Greece. The United states government needs to guarantee that Greece is secure, political occasions ought to be observed cautiously in Greece to look after harmony. Fear mongers ought not be permitted to assume control over the state since it will muddle world harmony. The legislature of America ought to along these lines keep giving chances and specialized help to Greeks. Greece is extremely crucial undoubtedly. Military tasks in the locale rely upon Sounda cove army installation. The remainder of states around the district are threatening to the legislature of the United States. The war in Iraq couldn't have emerged without the help of Greece. The battle against hostile to vote based system in Bosnia and Yugoslavia depended vigorously on Greece. Greeks gave enough customary p owers that countered domineering guideline in Bosnia. It likewise assumed a basic job I joining the difficulty causing network of Balkan. The United Sates would not accomplish its inclinations in the Middle East without the help of Greece. As the circumstance remains, there is a defrost in relations among Greece and United States. This has prompted dã ©tente relations among Greece and Canada. Refered to Dimitrios, Lucas. Greece’s Shifting Position on Turkish Accession to the EU: when Helsinki. Saarbrucken: VDM Verlag. 1999. Economides, Spyros. The Europeanisati

Assignment Jewish Identity free essay sample

A few organizations of Judaism like to incorporate being destined to a Jewish dad as a major aspect of being Jewish. It tends to be taken a gander at as all the more a nationality or an ethnicity than a religion. In many orders of Judaism, a non-Jew can experience the procedure of change. This would imply that they are currently perceived as a Jew, however to numerous Jewish conceived individuals, they don't think about proselytes as real Jews. Being Jewish implies that you recognize the history, and the battle of the Jewish individuals as a country. The past, however sharing trusts in Israel later on, and taking part in their traditions. B.Can anything exclude a Jewish individual who wishes to be known as a Jew from proceeding to be Jewish? The Torah is a type of Jewish law, and Orthodox Jews, not at all like different factions carefully follow its lessons. The Torah restricts a Jewish man from wedding a Gentile lady (non-Jew), since his kids by that lady won't be Jewish. We will compose a custom article test on Task Jewish Identity or on the other hand any comparative point explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page When taking a gander at different organizations of Judaism who are not all that severe with the Torah the youngsters would be viewed as Jewish. Contingent upon how you Interpret the law, kids destined to a Jewish dad and a Gentile lady couldn't be viewed as Jewish. As indicated by the law they are definitely not. One needs to live inside the law to pick up the legacy. C. Are there Jews who don't have faith in God and don't rehearse Jewish traditions? Does trusting In agnosticism, polytheism or monism exclude an individual conceived in Jewish family from being Jewish? A few Jews who endure the holocaust became agnostics however are as yet called Jewish by many. It is safe to say that they are as yet Jewish? Alongside being Jewish, and following the traditions, comes the legacy that God guaranteed his kids, or the Israelites. There are clashing perspectives on whether Jewish conceived individual who forsakes their traditions would in any case be considered Jewish.Looking at It from a sensible perspective without Involving any Jewish law, yes they who changed Judaism expressed that individuals who have skeptic, polytheist, or monist perspectives would even now be viewed as Jewish whenever naturally introduced to the religion. When taking a gander at the Torah, they are not viewed as Jewish, on t he grounds that they occupied with agnostic convictions, and can no longer partake in the legacy of the offspring of Israel. Holocaust survivors as I would like to think are without a doubt Jewish, they languished over what they had confidence in, and they blast lost expectation. D.If a Jew is brought into the world Jewish, follows Jewish ceremonies and customs, however they put stock in anybody as a Messiah (for instance, Lubricant Brooklyn Messiah), is that individual Jewish? This inquiry isn't Just about Jesus, it relates to a large group of different people who should be the Messiah (not Just Jesus). Putting stock in a savior, doesn't make somebody not Jewish. The conventional Jewish conviction is that a lord from the line of David would be the savior. Jesus went along, and professed to be the lord of the Jews, however they didn't trust him.Jesus didn't fit he measures to be the child of God, who might convey the Israelites. Numerous Jews despite everything accept that their savior still can't seem to return. The individuals who put stock in Lubricant considered Rubber to be the savior, yet as long as they don't go to Rubber or consider Rubber as a God then there is no issue. They despite everything practice inside the Jewish confidence, and they have not received outside ceremonies, that conflict with Jewish law. E. Do a web search on Simenon Bar Kickback and Give Shabbiest and Lubricant Hashishs. Did the Jews who had confidence in these developments keep on being considered Jewish?Those who followed Bar Kickback, Shabbiest TTS, and Alluvial firmly accepted that they were the savior. These individuals were rabbis, a large number of the Jewish confidence emphatically had confidence in the words that they were stating. They really felt that they were the savior. Numerous Jewish individuals despite everything consider the individuals who followed Bar Kickback and Shabbiest Give are as yet Jewish. They are called captured or confused youngsters. They ought not lose their legacy, and not be viewed as Jewish. The equivalent doesn't go for Lubricant, the individuals who tailed him are supposed to be a disfavor to the Jewish confidence.

The Odyssey Theme Hospitality Sample Essay Example For Students

The Odyssey Theme: Hospitality Sample Essay There are a wide range of subjects in The Odyssey. be that as it may, the most extraordinary subject Homer depicts in his gallant sonnet refrain structure is cheerful gathering or Xenia. The demonstration of Xenia was potentially the majority of import Grecian utilization out of all since you see it being performed clasp and clasp again all through Odysseus’ venture place. The Odyssey was about the 20 twelvemonth long excursion of King Odysseus come back to Ithaca from battling in the Trojan War. The subject of heartfelt gathering is available non only while Odysseus is going from city to city. in any case, other than at his place in Ithaca. where his wedded lady and kid. Penelope and Telemachus’ . château is being overwhelmed with suers. On Odysseus’ looking for venture place. he was invited by a few male rulers uncovering Xenia. non simply on the grounds that it was Grecian utilization. but since it was ill bred to Zeus. the God of agreeable gathering. on the off chance that they didn’t. Subsequent to going from Calypso’s island and standing up to an overwhelming tempest Poseidon mixed. Odysseus in the end arrived on Scheria. The king’s young lady Nausicaa saw Odysseus and clarified. â€Å"But now. you’ve connected city and our territory. you’ll neer lack for vesture or some other blessing. the privilege of raddled solicitors come our way ( 6. 210-213 ) . This is a chief delineation of how submissive the Ancient Greeks following their solid customs. Nausicaa didn’t dither to help Odysseus and appeared to be glad as she was delineating her city. which depicts another subject which is Kleos. The idea of Xenia was incredibly respected in The Odyssey. what's more, affronting it was completely unsatisfactory. Initially. Telemachus and Penelope needed to reluctantly have 108 suers who exploited their agreeable gathering. This was an offense that was impermissible so Mentor clarifies. â€Å"Reach where it counts in your chest and mind for a way to murder these suers in your home by taking or detached combat† ( 1. 339 ) . This is a delineation of how truly the Ancient Greeks esteemed heartfelt gathering and respect for the Gods. It other than shows the Greeks outrageous conduct towards individuals abusing their social qualities. Friendliness was so of import in the Ancient Greek’s lives that they complied with their convention regardless of whether it might hold disappointed them. In book 14. at the point when Odysseus came back to Ithaca and went to the pigman camouflaged. Eumaeus welcomes him in. provenders him. also, gives him a topographic point to kip. The content peruses â€Å"Not his way to bed inside. aside from the pigs. He equipped to go outside and it warmed Odysseus’ heart† . ( 14. 592-595 ) This demonstrates how willing the Greeks were to enchant their invitees. for case. Eumaeus let Odysseus kip by the fire with caprine creature and sheep covering. while he rested outside vulnerable with the pig. This other than delineates that they were so consistent with Xenia and Piety. In choice. this grounds is an incredible portrayal of the Greeks esteems and way of life. The Odyssey shows the significance of regarding the Gods. what's more, of being friendly in the Ancient Grecian human advancement. The individuals in this account went to extraordinary strides to amuse their invitees and ensure their qualities. like kiping with pig or murdering work powers who exploited people’s Xenia. The Odyssey showed juvenile students how to move. furthermore, clearly warm gathering was a cardinal constituent to a Greeks everyday life.

How Long is a Term Paper? Tips for Students and Managers

How Long is a Term Paper? Tips for Students and ManagersHow long is a term paper? A term paper is supposed to serve a specific purpose. It must be drafted for the purpose of preparing for a term as an employee at a certain place or in a certain institution.Basically a term paper is supposed to lay out the student's professional skills and past work in the respective field in order to prepare a track record. In other words, how long is a term paper depends on the expectations of the teacher or the school's administration. As the documents required by the school are too large for students to just remember and too long for individuals to keep in mind at all times, a term paper usually takes a long time to develop. It is thus a popular subject among those who pursue a college degree.In other institutions, a grade basis is used to identify a student's performance and be prepared for a special test or examination that is the occasion for a formal evaluation. While it would be of extreme ha rdship for every student to be prepared for such an evaluation, the idea is to be on the right side of the teacher or the administrator.In the case of a term paper, many students get flustered and realize how difficult and time-consuming it is to write a term paper. The workload is too high and it gets too overwhelming for most students. Furthermore, students' energies are primarily devoted to class, sports, and college activities. When you graduate and go out to find a job, you need to use the same skills that you used in school as to write a document which might well save your life.As there are some writers who would not hesitate to copy other students' term papers, plagiarism is almost a certainty if you have to write a term paper for your next examinations. Thus it is important to know your subject and use the skills that you are acquainted with to draft a term paper. These are things that every student with an interest in pursuing a degree can learn from a teacher or from schoo l administrators.Sometimes, you might have to read a term paper in order to understand its content. This would be even more embarrassing if it is at a high school or university where reading comprehension and academic writing skills are expected to be strong. Just as the desire to get high marks in an examination can increase the speed of your academic work, getting prepared to revise and compile a term paper can increase your speed of learning. At the same time, this is of great assistance for those students who are always running late to class and often cannot study during off-hours.Moreover, it would be nice to see a quality term paper which is being drafted by a student with great ease and ability to concentrate on the material and write a fine grade in it. In other words, writing a term paper is a long and laborious process, which requires concentration and reading comprehension skills. When prepared properly, a term paper can increase your ability to work your way up the acade mic ladder, thus to become a more confident and productive worker in the future.

Diabetes Mellitus Long Term Damage - 1144 Words

Introduction The term diabetes mellitus describes a metabolic disorder of multiple aetiology, characterized by chronic hyperglycaemia with disturbances of carbohydrate, fat and protein metabolism resulting from defects in insulin secretion, insulin action, or both. The effects of diabetes mellitus include long–term damage, dysfunction and failure of various organs (1). There are two main types of diabetes (2-6); Type 1 diabetes (T1B) usually develops in childhood and adolescence and patients require lifelong insulin injections for survival. Type 2 diabetes (T2B) usually develops in adulthood and is related to obesity, lack of physical activity, and unhealthy diets. This is the more common type of diabetes (representing 90% of diabetic cases worldwide) and treatment may involve lifestyle changes and weight loss alone, or oral medications or even insulin injections. Both main types of Diabetes are caused by a combination of genetic and environmental risk factors (4). However, there are other rare forms of diabetes that are directly inherited. These include maturity onset diabetes in the young (MODY), and diabetes due to mutations in mitochondrial DNA (7). In type 1 diabetes, the cause is an absolute deficiency of insulin secretion. Individuals at increased risk of developing this type of diabetes can often be identified by serological evidence of an autoimmune pathologic process occurring in the pancreatic islets and by genetic markers (8). In the other, much more prevalentShow MoreRelatedEssay on Diabetes Mellitus1381 Words   |  6 Pages1. Discuss the pathophysiology of Diabetes Mellitus. Diabetes Mellitus is a chronic condition in which the body has the inability to produce insulin or react normally to insulin. The pathophysiology of diabetes mellitus is extremely complex, as diabetes mellitus is characterized by different types but share common symptoms and complications. Diabetes mellitus is classified in two types: Type 1 and type 2 diabetes. Although the disease is characterized by different etiologiesRead MoreDiabetes Mellitus : The Most Common Disorder Of The Endocrine System957 Words   |  4 PagesDiabetes Mellitus stems from the Greek word diabetes, which means to siphon, or to pass through. Mellitus is Latin for sweet or honeyed. Diabetes Mellitus is the most common disorder of the Endocrine System. The pancreas is an organ behind the stomach that produces a hormone called insulin. When this happens, our liver compensates by increasing glucose production from amino acids and glycogen causing hyperglycemia. There are different types of diabetes; however, this paper strictly focuses on TypeRead MoreDiabetes Mellitus : A Major Public Health Problem Worldwide Essay1480 Words   |  6 PagesDiabetes Mellitus has increased in recent years due to bad eating habits and inactivity. Diabetes Mellitus is a major public health problem worldwide. Improved testing accuracy has improved which has confirmed more cases. 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In this paper, I am going to delve into how health promotion can be a significant factor in reducing the risks of Type 2 Diabetes Mellitus in the aforementioned demographic. Through academic research and resources, in my first paragraph I will be providing the definition of Health Promotion and its importance for patients with Type 2 Diabetes Mellitus. My second

`` The Moral Instinct By Paul Bloom - 911 Words

Morality can be shown, and express in different ways. Some argue that a sense of morality has been present since born, while others argue that this sense comes after experiences. In the text, â€Å"’The Moral Instinct’ (2008)† Steve Pinker argues that, moral sense has been a science that every individual create in their own in order to focus on ethics, separately of what society has established as the rights and wrongs. Giving numerous experiments that support his claim, Pinker creates a strong essay e that explains morality. Nevertheless, Pinker’s claim can be compared to other ideas. The text â€Å"The moral life of babies (2010)† by Paul Bloom extends Pinker’s argument by saying that â€Å"humans do have rudimental moral sense from the very start of life.† In the other hand the text, â€Å" Can You Call Nine Year Old a Psycopat (2012)† Jennifer Kahn complicates Pinkers text by giving opposite evidence referring to the low lev els of cortisol and below-normal function in the amygdala, provoking a lack of processing fear and social emotions towards situations. In this essay I would be creating a comparison between ideas and how they support or oppose each other’s by their evidence and claims, in order to see if this comparation creates a new perspective in my opinion of Pinker’s argument. 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Research on Global Business Opportunities

Question: Discuss about the Research on Global Business Opportunities. Answer: Introduction In the globalization of the businesses, it is essential for an Australian Pharmaceutical firm to enhance its market share, business performance, and product positioning in the global pharmaceutical industry through setting of new business ventures or operations in new destination or country including China and South Africa. This assessment will discuss the business opportunities and risks (commercial risks, country risks, currency or financial risks, and cross-cultural risks) for the company while setting up new business ventures in another destination (Bryan and Christiansen, 2014). For this report, China is preferred to South Africa as a new destination for starting the foreign business operations by the Australian pharmaceutical firm. Along with this, Strategic Alliance through merger or acquisition is selected as an entry strategy, which is a potential entry strategy that will provide the firm new business opportunities for setting of the businesses in a new destination. For this report, the Australian Pharmaceutical firm, Lawley Pharmaceuticals is selected which is planning to enter into new markets for the growth of the businesses. Background Information of Lawley Pharmaceuticals Lawley Pharmaceuticals is an Australian pharmaceutical firm founded by Michael John Buckley in 1995. It is a private limited pharmaceutical company having its headquarters in Perth, West Leederville in Western Australia. The firm is concentrated on the transdermal administration of the natural occurring hormones including progesterone, testosterone, and oestradiol. It is the global leader in the research and development of the typical hormones. Lawley works in collaboration with manufacturing partners Perrigo Australia which has world class manufacturing facility in Balcatta, Western Australia. The firm provides the solutions related to the hormones-related disorders as it is fundamentally focused on the use of natural-occurring hormones (Lawley Pharmaceuticals, 2015). Lawley specializes in the manufacturing of the hormone replacement therapy through the development of the progesterone and testosterone creams. It provides the hormone replacement therapy for the treatment of the hormo nal disorders or endocrine deficiencies (eg. Klinefelters Syndrom, Castration, Low Libido, and hypogonadism in men and Menopause, Fibroids, PCOS, Endrometriosis, Infertility, Hysterectomy, Menorrhagia, and Female Endrogen Efficiency in women). Evaluation of Commercial risks, Currency (financial risks), Country risks, and Cross-cultural risks There are different types of risks involved while operating the businesses in the new destination by the foreign company (Australian Pharmaceutical Company). These risks involve country risks, cross-cultural risks, commercial risks, and financial (currency risks) that can affect the business operations and activities of the firm while starting new business ventures by an overseas firm. The evaluation of these risks is following discussed:- Country risks- This type of risk is involved of the political instability, government legal systems and laws related to foreign investments, government intervention, protectionism and barriers to trade and investment, bureaucracy in country systems, corruption and unethical activities in the country, mismanagement or failure of the national economy, markets, and economic unrest. The political instability, economic unrest, and country legal system affect the business operations and activities of the firm while starting the new pharmaceutical ventures in a new destination. This type of risk affects the business growth, revenue, and profitability of the foreign firm caused due to the development of the countrys legal and political environment systems. The political system is a set of formal institutions constituted by the government that includes democracy, socialism, and totalitarianism systems. It includes political parties, trade unions, legislative bodies, and lobbing groups (Yuann, 2008). The legal system includes civil laws, common laws, religious laws, and mixed systems. It is a system for establishing and enforcing laws, rules, and regulations. It affects the business activities of the foreign firm, such as taxing economic outputs, protection of the intellectual rights, and resolving disputes in the commercial activities. Commercial risks- The commercial risks refer to the potential loss arising from the misunderstanding of the trading partners or the market conditions in the country. This type of risk is comprised of the partners insolvency or unwillingness to pay, differences in the trade agreements between two partners, and not acting in the accordance of the partner to comply with the country trade legislations or trade agreements. This risk also involves poor execution of strategy, competitive intensity, operational problems, poor financial strength of the partner, and timing of entry into the foreign markets. This risk affects the partner selection, market entry timing, pricing and distribution strategy, product features, and promotional themes of the company in another country (IBP, Inc. 2015). This type of risk may affect the business expansion, profitability, production capacity, and the sales growth of the company while initiating the new commercial ventures in the foreign country. This type of risk results into the potential loss or failure of the firm to execute the business strategies, procedures, and tactics. Currency risks (financial risk) - This type of risk includes currency exposure, asset valuation, changes in fiscal and monetary policies, foreign taxation, inflationary and transfer pricing. This risk creates potential loss caused from the fluctuating foreign exchange rates while the foreign investor has exposure to foreign currency investments for the exchange of goods and services. This type of risks caused from the unexpected fluctuations in the exchange rates or currency values. This type of risks is caused due to denomination of the financial transactions in the foreign currency than the base currency of the company in the Australian country. This type of risk includes the transactional exposure, translation exposure, economic exposure, and contingent exposure of the financial statements (Arora and McIntyre, 2014). The currency risk comprises of all form of international traded monies including foreign currencies, bank deposits, cheques, and electronic transfers. The changes in interest rates, exchange rates, inflation rates and currency value affect the international business operations and activities of the company. The financial or currency exchange risk affects the demand and supply of the goods and services, financial transaction, and liquidation of the financial investments. Cross-cultural risks- The cross-cultural risk is comprised of the differences in the cultures, traditions, and customer shopping patterns, cultural blunders, interpretation of culture, negotiating pattern, language and communicational differences, ethical practices, decision-making styles, differences in the customers age groups and background, and cultural pattern. It arises when the cultural communication issues affect the human values at stake. It exists due to differences in the cultural environments characterized by unfamiliar languages and changes in the human values systems, beliefs, and behaviors of the customers in another country. The cross-culture risk determines the success of the foreign outsourcing company in another country where it is planned to start the business ventures. This type of risk will affect the business profitability, customer base, sales performance, and product positioning of the company in another country (Scarlett, Koslow, Ph.D., and J. D. 2009). It w ill also affect the risk tolerance, operational processes, entrepreneurship, control system, decision-making and employees development and reward structures of the company. It will also affect the managerial roles, leadership qualities, technical competences, and interpersonal skills of the employees in another country. Opportunities and risks in China and South Africa for the Pharmaceutical business and Justification for the Chosen Country China is selected as a new destination for starting new business ventures by this Australian pharmaceutical firm because china is one of the fastest growing economies in the world that provides the foreign investors a lots of business opportunities for generating large revenues and achieving the high sales growth. Along with this, the Chinese government supports the foreign investment operations of an overseas firm by providing the sophisticated business infrastructure, technology, and labors at low costs. Additionally, there is lesser cross-cultural risk, currency risk, country risk, and financial or currency exchange risks in China than South Africa. China is one of the largest countries in the world having the most number of people in the world (Yong-Hwang, 2015). The healthcare and life science activities are rapidly growing robustly in China that has been creating lots of opportunities for the new firms. China is one of the largest pharmaceutical markets in the world that is gro wing rapidly and yet not mature. The combined forces of the economic development, government stimulus, enhanced health awareness in general public, improved research and development capabilities, market consolidation are some causes that will prove the justification for the selection of China than South Africa. China pharmaceutical market also has long chain of the suppliers, manufacturers, drug distribution companies, healthcare service providers, and medical service providers. While, on the other hand, in South Africa there is lesser population in comparison to China as there are not so much growth of the pharmaceutical business as China. The risk level is also lesser in China than South Africa as Chinese Government supports healthcare and pharmaceuticals business in China. China is the third largest economies in the world which has currently low unemployment rates, low inflation rates, and low interest rates in comparison to South Africa. Because of the high population rates in China, there is large number of customers for the healthcare or pharmaceutical products. Along with this, China has high potential markets because of the large consumer and business to business markets for the pharmaceuticals business in China. The GDP, currency value, and growth rates are higher in China than South Africa. There is no restriction on the foreign trade of the pharmaceutical products because the Chinese Government supports the foreign investments by the overseas firms. The political and legal system, technological advancement, and the economic structure of the Chinese Government support the entry of the overseas pharmaceutical firms in the host country. In addition to this, there are lesser trade restrictions on the foreign exchange of goods and services, and lowe r amount of taxes on the pharmaceutical products than the South African Country. The Chinese Pharmaceutical industry is a knowledge-based, innovative, and technological-intensive industry that supports the business ventures of an overseas firm in the host country by making the trade partnership with the local Chinese pharmaceutical firm. There is high customer base and high level of competition among the pharmaceutical firms in China that will encourage the overseas firm to enter into Chinese markets for the growth of the pharmaceutical businesses as well as enhancing the market share, business performance, and positioning of the company in the pharmaceutical world (Slideshare, 2015). The Chinese pharmaceutical industry is comprised of the pharmaceutical companies, bio-medical research centers, biotechnology firms, generic medicine companies, and healthcare centers. Along with this, there is a range of top pharmaceutical firms in China, Lawley Pharmaceuticals can expand its businesses by making strategic partnership with any of these firms in the host country. Recommendations on Entry Strategy and Justification There are several market entry strategies including Exporting, Licensing, Strategic Alliance or Partnership, Ownership, Joint Ventures, and Foreign Direct Investment (FDI). The selection of the entry strategy will depend on several factors including firms resources and capabilities, nature of competition and risks, agreed goals and objectives of the firm, the market focus, financial strengths and resource capabilities of the partnership firm, and the competition level and environmental conditions in another country. After considering all these factors, the strategic alliance or partnership is selected as an appropriate market entry strategy that will be suitable to grow the businesses of Lawley pharmaceutical company by starting new business ventures through building strategic partnerships with the Chinese pharmaceutical firms. This is an appropriate market entry strategy because of the suitability of products for the Chinese market, nature of indigenous competition in the Chinese ph armaceutical industry, and identifying customers needs (Ncube, Ndou, and Gumata, 2016). This is an appropriate strategy for the overseas firms to start the business ventures in new destinations in order to enhance the market share and product positioning of the company in the global pharmaceutical industry. This strategy will assist the firm to share the ownership rights and control over the property rights and operations. The strategic alliance is a type of business strategy that enables the business firm to achieve the agreed business objectives and long-term goals in new marketplace (Isoraite, 2009). It will also be effective to develop outsourcing relationships between the parties when the businesses are desired to achieve the long-term benefits and innovation based on mutually desired outcomes. The strategic partnership with the Chinese Pharmaceutical firm will assist to provide the expertise, technology, product infrastructure, and market access that the firm would not be able to afford on its investment. The strategic partnership will also assist to share the products and services of others as well as reducing the operating costs through joint marketing efforts or sharing of distribution channels. This strategy will assist to cover the large customer segments of these Chinese markets by making alliances or partnership with the local Chinese pharmaceutical firm (Hanna, 2009). Lawley Pharmaceuticals can choose mergers or acquisition as a strategic partnership for acquiring the business operations of the Chinese pharmaceutical firm. This entry strategy will assist to identify the customers needs and nature and intensity of competition in the Chinese market. This strategy will also assist to capture the most business opportunities by reducing the market risks (commercial risk, financial risks, currency risks, and cross-cultural risks). This entry strategy will assist the company to obtain additional sales and affiliate generates greater revenues from the Chinese markets. Advantages and Disadvantage of Strategic Alliance entry Strategy Advantages- It assumes greater control over decision-making and future directions of the firm It facilitate transfer of technology, knowledge and resource between two firms It assists to attain the common goals driving joint ventures It is effective to quickly respond to the changing technology and market conditions It facilitates simple management structure that can be adjusted easily It assists to enhance the production capacity by extending a supply chain or providing a sophisticated distribution system It assists to provide a competitive advantage through pooling of skills, knowledge, and resources It is effective in the development of new production technologies (Gekonge and Christogfer, 2013). It will be effective to increase the production capacity and sales volume It provides opportunities to access to new markets through acquiring new customers It enhances the brand awareness and access to supplementary services Disadvantages- The strategic partnership with other firm can lose some degree of control over the way in which the business is perceived The partners may have different perspectives and views on the partnership business It may create conflicts between the contracting parties over resource and profit sharing It can bring certain inherent difficulties because of lack of trust and credibility issue (Wagner and Disparte, 2016). Justification of Selection of Entry Strategy The rationale behind the selection of this entry strategy is that it will be appropriate for Lawley Pharmaceuticals in expanding the businesses by starting the business ventures in new destination through making strategic partnership with another firm. Along with this, this strategy will be appropriate for finding the nature or extent of competition and customer base in the Chinese market. This entry strategy will suit to the foreign investment operations of this Australian pharmaceutical firm. By using this strategy, the firm will be able to enhance the production capacity and sales volumes, generating higher revenues, and profitability (Richardson, Steffen, and Liverman, 2011). This strategy will be appropriate to assume greater control on sharing of resources, profit sharing, and decision-making. This strategy will be effective to develop new pharmaceutical products or services by sharing technology, knowledge, and resources of each other. This strategy will be effective to create new opportunities by reducing risks and costs. Conclusion From the above studies, it can be concluded that Lawley Pharmaceutical firm can expand its business in the international markets by starting new business ventures in the Chinese Pharmaceutical industry. China is one of the fastest growing economies that provide a lot of business opportunities for the overseas firm to grow its business by starting business operations through making huge investments. Along with this, there are lesser risks including commercial risks, country risks, currency risks, and cross-cultural risks in China than South Africa. The Chinese Government also supports the new business operations by an overseas business firm for creating more foreign investment opportunities, new jobs opportunities as well as ensuring the high economies of the firm. 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