International Businesses Business & Marketing Coursework (Coursework Sample)

International Businesses
Student Name
Institutional Affiliation
International Businesses
The external environmental factors portrayed in National Film Board (1986) video relate to the political struggle between Alberta and Ottawa during the Alberta oil boom. Political leaders, Peter Lougheed and Marc Lalonde, brought differences in government economic policy. The changes in the economic environment, as a result of the oil boom, resulted in rise in the level of economic activity, wage rates, and income distribution, which saw a boost in construction and luxury spending. Socioeconomic factors and the National Energy Program, by Marc Lalonde, also played a vital role in the exit of oil firms to the U.S.
The individual factors in the video that could change international business include government economic policy, which can affect taxation, government spending, and monetary policy. Changes in legal requirements can also affect employment law, health and safety legislation, licensing practices, environmental regulations, and competition policy. In addition, changes in economic factors such as higher interest rate may deter the investment because it costs more to borrow. Inflation may also provoke the higher wage demands from employees and raise costs.