Manounya is an emerging economy in Asia with a population of 80 million. In the last two decades, the country has developed a strong manufacturing industry covering a wide range of consumer products. The country has a large middle-class population as a result of its rapid economic growth. The overall education level in the country has been steadily improving keeping pace with the economic development with a large pool of skilled people. To further strengthen the nation's manufacturing capability and transform the industry to a high-tech based one, the Manounya government has developed long-term strategies to encourage investment that will facilitate the transformation, including providing incentives to attract foreign investment.

Using the Manounya scenario and any assumptions that are deemed necessary and appropriate, discuss the opportunities for an Australian company specialised in developing high-tech medical equipment to expand its business to Manounya as part of its internationalisation strategy and the possible risks involved in such an endeavour.

Can you analyze proper assumptions, possible risks and related problems which are in bold font?

THANK YOU!

[25 marks]