Compare Law System
Use the following data to answer the next question:
## Transparency International's CPI (Index): Chile: 71; Colombia: 36; Brazil: 42; Hong Kong: 75; India: 36
## Transparency International's CPI (rank): Chile: 22; Colombia: 94; Brazil: 72; Hong Kong: 15; India: 94
## Worldwide Governance Indicators Rule of Law Index: Chile: 1.34; Colombia: -0.45; Brazil: -0.12; Hong Kong: 1.54; India: -0.10
## Worldwide Governance Indicators Rule of Law Rank: Chile: 87; Colombia: 41; Brazil: 52; Hong Kong: 91; India: 53
## Heritage Foundation's Economic Freedom's index: Chile: 71; Colombia: 36; Brazil: 42; Hong Kong: 90; India: 56
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Imagine you recently had a bad experience with a contractual dispute in a foreign country, You have vowed not to endure such experience again. According to the data provided, the chances of you having to go through frustrating court experiences in which you may win or lose contractual disputes regardless of the contract terms is significantly SMALLER in ____Colombia_ than in _____Hong Kong__.
Reason: Hong Kong has a higher governance indicator rule of law index compared to Colombia. The Economic freedom index of Hong Kong is also higher compared to that of Colombia.
Use the following data to answer the next question:
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## Transparency International's CPI (Index): Chile: 71; Colombia: 36; Brazil: 42; Hong Kong: 75; India: 36
## Transparency International's CPI (rank): Chile: 22; Colombia: 94; Brazil: 72; Hong Kong: 15; India: 94
## Worldwide Governance Indicators Rule of Law Index: Chile: 1.34; Colombia: -0.45; Brazil: -0.12; Hong Kong: 1.54; India: -0.10
## Worldwide Governance Indicators Rule of Law Rank: Chile: 87; Colombia: 41; Brazil: 52; Hong Kong: 91; India: 53
## Heritage Foundation's Economic Freedom's index: Chile: 71; Colombia: 36; Brazil: 42; Hong Kong: 90; India: 56
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Imagine you have a binding contract with a client. According to the data provided, the chances of your client backing away from your agreement and expecting that it will not be enforced is significantly SMALLER in _Colombia____ than in _______.
Hong Kong
Reason: Colombia has a better worldwide governance indicator rule of law rank compared to Hong Kong. Colombia also has a low economic freedom index which means it is not easy to back away from contracts.
Among the following options, the BEST indicator(s) of the so-called "technological" context of a country in the PESTEL model is(are):
The best indicators of “technological” context are in Hong Kong as it provides the best environment for doing business.
4.
Use the following data to answer the next question:
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## Transparency International's CPI (Index): Chile: 71; Colombia: 36; Brazil: 42; China: 40; India: 36
## Transparency International's CPI (rank): Chile: 22; Colombia: 94; Brazil: 72; China: 80; India: 94
## Freedom House's Freedom in the World's Ratings: Chile: 1; Colombia: 3.5; Brazil: 2; China: 6.5; India: 2.5
## Worldwide Governance Indicators Rule of Law Index: Chile: 1.34; Colombia: -0.45; Brazil: -0.12; China: -0.46; India: -0.10
## Worldwide Governance Indicators Rule of Law Rank: Chile: 87; Colombia: 41; Brazil: 52; China: 40; India: 53
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You work for an organization that just moved out of a foreign country due to its lack of religious liberties. You are studying a foreign market entry, and your organization does not want to risk the same religious problem. According to the data provided, the chances of your company entering _Chile_____ are significantly SMALLER than it entering __China___:
Reason: China has a better world rating in freedom compared to Chile.
Use the following data to answer the next question:
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## Transparency International's CPI (Index): Chile: 71; Colombia: 36; Brazil: 42; Hong Kong: 75; India: 36
## Transparency International's CPI (rank): Chile: 22; Colombia: 94; Brazil: 72; Hong Kong: 15; India: 94
## Worldwide Governance Indicators Rule of Law Index: Chile: 1.34; Colombia: -0.45; Brazil: -0.12; Hong Kong: 1.54; India: -0.10
## Worldwide Governance Indicators Rule of Law Rank: Chile: 87; Colombia: 41; Brazil: 52; Hong Kong: 91; India: 53
## Heritage Foundation's Economic Freedom's index: Chile: 71; Colombia: 36; Brazil: 42; Hong Kong: 90; India: 56
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You are setting up a new business and you need a license to operate as fast as possible. According to the data provided, the chances of a government inspector condition the expedited issuance of you license to you letting him in the business as an equity partner is significantly GREATER in ____Hong Kong _ than in _Colombia____:
Reason: There is a greater rule of law in Colombia compared to Hong Kong.
The _______ law system is ________ of development: _____Hong Kong’s______ law system:
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