(URGENT) Doing Business in Mexico'sAdministrative Systems:Blog #2

On an individual basis, you will submit four blog posts over the semester to share knowledge relevant to doing business inMexico. Each of the four blog posts will correspond to one of the four components of C.A.G.E analysis: culture,administrative systems, geographic, and economic structures. This week you will be focusing on the the A: Mexico'sadministrative, legal, and regulatory systems (formal institutions). Then, draw conclusions within each blog for consequences for how companies navigate the business environment and business opportunities that might be associated with or inspired by this dimension of the business environment.

Administrative, legal, and regulatory systems (formal institutions)

1. Why/how administrative systems matter:
   1. formal institutions set the 'rules of the game'
   2. political system
   3. regulatory climate
   4. industry-specific regulations
   5. legal system
      1. Civil versus common law
   6. rule of law
   7. protection of property rights
   8. economic freedom
2. Tips for assessing administrative systems:
   1. political and legal systems and recent developments
   2. regulations relating to international business (export, import, FDI, licensing)
   3. ease of starting or running a business
      1. Doing Business
      2. Global Entrepreneurship Monitor
3. Consequences for how companies navigate the business environment in Mexico.
4. Consider aspects of Responsible Business, such as identifying business opportunities that might be associated with or inspired by this dimension of the business environment in Mexico that contribute positively to not only profits but also to people (social), planet (environmental), equity (inclusion) and/or ethics.
   1. Export of products or services from the country
   2. Import certain products/services to fill unmet needs
   3. Investment opportunities (inflow or outflow of FDI)
   4. Licensing or franchising
   5. Replication or adaptation of business models