Question
Country Q is a country whose land area is around 70% desert area. It has a growing population and has less resources to sustain the
Country Q is a country whose land area is around 70% desert area. It has a growing population and has less resources to sustain the needs of its country. It relies heavily on the financial, material and food assistance from Countries R, S and T. Country R, S, T, U, and V are its neighbors and are supplying it with 70% of its food and manufactured goods as well as raw materials.
A couple of months ago, a survey conducted by Country Q's Ministry of Energy and ABC Oil Company from Country R found rich oil deposits in one of the mountainous areas of Country Q. These oil deposits can help boost the wealth of Country Q by 500 % and make it very financially stable. However, the country can't exploit this opportunity because it lacks the cash and technology required to establish its oil production capabilities.
Now, the President of Country Q came to you and asked for your recommendation on these issues:
- Should Country Q accept Foreign Direct Investments (FDI) offered by and ABC Oil Company from Country R?
- Should Country Q join a Free Trade Agreement with Country R, S, T, U, and V? All of these countries including Country Q are located in one very large island continent.
Please discuss your recommendations on these matters
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