This document discusses Bank of America potentially expanding into Australia. It provides background information on Australia and Bank of America. It then outlines some of the political, economic, and financial risks of doing business in Australia, such as legislative delays and economic recession, as well as the benefits, like property and financial freedoms. The document concludes by recommending Bank of America conduct research on Australia's markets, regulations, and competitiveness before expanding.

1. MULTI-CORPORATIONS EMERGING IN FOREIGN
COUNTRY
Darlena Pagan
Southern New Hampshire University

2. Abstract
In this Power Point, it is based on the background of Australia and Bank of America. The
country has political, economic and financial risks and benefits. The risks of the country are
uncertain because of election, legislation and governmental policies but the benefits are property
freedom, financial freedom and other benefits. In slide 3, it provides information on the
background of the country and company. In slide 4, it provides data on Political, economic, and
financial risks. In slide 5, it provides the benefits of doing business Internationally. In slide 6, it
provides the overall risk percentages of the country. In slide 7, it provides the recommendations
on doing business in Australia. Moreover, slide 8 and 9 are the references I had used for the
Power Point Slides.

3. Country and company background
Commonwealth of Australia Bank of America
• Independence: 1901
• Oceania
• 22 million people
• Common law system based on
the English model
• GDP: $100 billion
• Real Growth Rate: 2.4%
• Unemployment Rate: 5.5%
• Exports: 252 billion
• Imports: 250 billion
Source: World Fact Book (2014) by
CIA
• Established: 1904
• Headquarter: Charlotte, North Carolina
• Banking and Financial Services
• Annual Income: $89 billion
• Acquisitions: 1983, Washington State Bank Seafirst
Corporation; 1991, Security Pacific
Corporation; 2004, Fleet Boston
Financial Corporation; 2006, MBNA
Corporation; 2007, U.S. Trust
Corporation and 2009, Merrill Lynch
Source: Encyclopædia Britannica (2014)

4. Political, economic, and financial risks
• Delay Decision Making in Legislation
• Elective Transformation
• Recession Risk
• Macroeconomics
• Creating Policies
Source: Political Monitor (2014)

5. Political, economic, and financial benefits
• Property Rights 89.8%
• Freedom From Corruption 90%
• Financial Freedom 89.9%
• Business Freedom 90%
• Investment Freedom 90%
Source: 2014 Index of Economic Freedom. (2014).

6. Overall risk indicators
• 80%
Source: 2014 Index of Economic Freedom. (2014).

7. Recommendations
It is recommended that Bank of America conducts an empirical research. In an empirical
research, it is important to use technology that will analyze the quantitative and/or
qualitative methods of the products, services, and pricing. In addition, there are a
psychological behavior and sociological relationship that connect with the risks in
politics, macroeconomics, and finance. Psychologically, it is important to know the
political behavior, the price regulations, and culture behavior, macroeconomic behavior,
and how pricing affect buyers, competition behavior, Competitions’ CRS, and the
financial risks in the country. Socially, it is important to create a socially political and
public relationship. In addition, it is important to learn how the socially economic
connects to the country and people. Also, it is important to learn the socially finance
connects to the country and people. Moreover, it is important to learn about the
Australia and New Zealand Bank for competitive reasons, bribery and corruptions.
Also, it is important to learn how legislation had impact the Australia and New Zealand
Bank in the nation. Furthermore, it is important to compare 2014 Index of Economic
Freedom among other countries for the best results for doing International Business.
Globally, it is important to keep an update on legislation, election, recession,
macroeconomic and governmental policies.

8. References
Encyclopædia Britannica(2014). Bank of America Corporation, Retrieved from
http://www.britannica.com/EBchecked/topic/51984/Bank-of-America-Corporation
Bloomberg. (April 29, 2014). 2013 revenues at Bank of America Corporation totaled $89.8B
USD, while annual earnings equaled $0.90 per share, Retrieved from
http://investing.businessweek.com/research/stocks/earnings/earnings.asp?ticker=BAC
2014 Index of Economic Freedom. (2014). Australia, Retrieved from
http://www.heritage.org/index/country/australia
The World Fact Book. (2014). Australia-Oceania, Retrieved from
https://www.cia.gov/library/publications/the-world-factbook/geos/as.html

9. References
Political Monitor. (2014). Top 5 political risks for Australia – 2014, Retrieved from
https://politicalmonitor.com.au/content/top-5-political-risks-for-australia-2014