Comparison Of Legal Factors Samples †MyAssignmenthelp.com

Question: Discuss about theComparison Of Legal Factors. Answer: USA Benefits The country has a welcoming mentality towards the new businesses and this leads to the huge foreign investment made in the country, in spite of the strict laws. The laws for the employees helps in giving them their rights and the companies always need to comply with the needs and desires of the employees. This will improve employee satisfaction and helps in decreasing employee turnover as well (Campbell 2012). Costs The risks related to the business owners in USA is the rights and unions that the employees of the organization have and the problems that can be caused due to this. The legal issues that are raised due to discrimination related to ethnic, sexual or age related. The company must endure that the employees have the legal right to work in the country (Holloway-Beth et al. 2016). Risks The tax rates in the United States are high as compared to other countries and this leads to many extra costs to the business enterprise. The legal factors and issues in USA can lead to a lot of cost for the company. The laws made for employees, the harassment laws for the employees, laws related to immigration, laws related patents and copyrights, laws related to the dissatisfaction of the customers can cause hindrance for the foreign investors doing business in USA. Myanmar Benefits The business and legal environment in Myanmar has improved over the years. The country has now become democratic and the economy has become market-based. The government has recently passed many laws with the aim of modernising the country and thereby attracting more and more foreign investors. The registration costs for a business is also low in Myanmar and the process of registration is simple (Dasgupta 2012). Risks The risks associated with the investment made in the country is also there. Myanmar has recently become democratic and the political conditions are also not stable, due to this reason the foreign investment can be risky in this country. The implementation of the laws passed by the government also needs to fast so that the country can attract foreign investors (Tanikawa 2015). Costs The costs related to the investment in Myanmar is also high as the infrastructure and legal system is also weak in the country. This issue acts as a repellent for foreign investors for the country and the legal factors related to the country. Legal factors related to USA and Myanmar Comparative analysis Benefits Risks Costs USA The foreign investors have many advantages in the USA as it is the largest economy in the world, the country is technologically advanced and the laws also favour the business environment (Beth et al., 2016). The foreign investors are controlled by many laws in the USA which include, regulatory laws, labour laws, tax laws and reporting laws. The tax rates of the US government are high for foreign investors and due high value of the US currency, trade deficit occurs. Myanmar The legal system of Myanmar is mainly based on the laws of UK and this includes the Burma Companies Act. Myanmar is attracting foreign investment in the recent times (Maung et al., 2015). The risks of investing in a business in Myanmar is also high, as according to the laws in Myanmar foreign investment is not permitted in some sectors. Any foreign investor in Myanmar has to invest on the poor infrastructure of the country, which can lead to high costs for the country. Legal Factor USA Myanmar The country has a mentality that welcomes any new businesses and this resulted in the huge foreign investment made in the country. (Campbell 2012). The business and legal environment in Myanmar has improved over the years (Dasgupta 2012). The laws for the employees and their rights can pose a threat towards a new business in USA. (Holloway-Beth et al. 2016). The risks associated with the investment made in the country is also there (Tanikawa 2015). The tax rates in the United States are high as compared to other countries. The costs related to the investment in Myanmar is also high as the infrastructure and legal system is also weak in the country. Comparison The comparison of the legal factors of the two countries proves that Myanmar is country that is experiencing many changes in its legal after gaining democracy, on the other hand USA is a developed country and has its own set of laws and regulations due to which it will be more feasible for the foreign investors to invest in USA. Recommendation The foreign investors are thereby being recommended to make the investment in USA as the economy of USA is stable and it is a developed. This quality of the country always acts as a welcoming factor for any type of business or foreign investment. USA is one of the largest economy of the world and it influences many other countries as well. The culture of business of USA is feasible for the foreign investment as well. The laws related to employees in any organization in USA is strict and the employees have a strong voice. The strict laws of this country can cause a hindrance in the business so the laws should be followed by the business properly. On the other hand, the legal conditions of Myanmar are not stable and due to this the laws are not well defined and the foreign investment in the country will not be viable. References Campbell, S. (2012). Cross-ethnic labour solidarities among Myanmar workers in Thailand.Sojourn: Journal of Social Issues in Southeast Asia,27(2), 260-284. Dasgupta, S. (Ed.). (2012).Technical, Social, and Legal Issues in Virtual Communities: Emerging Environments: Emerging Environments. IGI Global. Holloway-Beth, A., Forst, L., Lippert, J., Brandt-Rauf, S., Freels, S., Friedman, L. (2016). Risk factors associated with legal interventions.Injury epidemiology,3(1), 2. Maung, K. N., Martinico-Perez, M. F. G., Komatsu, T., Mohammad, S., Murakami, S., Tanikawa, H. (2015). Comparative studies on the driving factors of resource flows in Myanmar, the Philippines, and Bangladesh.Environmental Economics and Policy Studies,17(3), 407-429.