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| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1710 |
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Legal Factor
Legal factors refer to unexpected changes in government policies pertinent to laws and regulations and currency conversion, absence of appropriate regulatory systems, rates and methods of taxation including customs, royalties, convertibility of currency, role of local courts in arbitration and so on...
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Cultural Factor
In the context of international development projects, cultural issue is the least known but the most hazardous.
In international development projects, many of the financial institutions require recipient countries to engage foreign consultants to assist with project preparation and implementation due to lack of the needed technical or management skills available in the recipient countries...
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General points of the essay
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