Introduction
Colombia is a country in Latin America, it is also named as the gateway of South America. Meanwhile, it is one export led country with a population of 49 million as of 2017, it is the 4th largest economy in the Latin America, and 54th largest country in terms of gross domestic product. Meanwhile, Colombia is one leading country in the Latin America, and major exports of the country include petroleum, and coal, and major trade partners are US, Brazil, Mexico.
On the other hand, it can be determined that it is a democratic country, and its system is divided into three branches executive order, judicial, and legislation. Similarly, there are many complications tounderstand before entering in the country. So, it is important to understand the laws, including the company law, tax law, and others as well. For now, it is important to know that what opportunities are there in the Colombian market, and what are potential threats, and investment risks in the country.
Political Environment
Colombia is a democratic country in South America. It is also named as the gateway to the South America. The country is a presidential democratic country, and it also has decentralized government in which the decision making power is distributed from top level to each level of the government,since the country’s political system wasmodernized with the constitution of 1991.
Research on Colombia Harvard Case Solution & Analysis
Furthermore, the political structure of Colombia is that the president is elected during the presidential elections, right after the vice-president, congress, and other regional councils are also elected in accordance with the constitution. Similarly, it is a social state, and decentralized government with the partial autonomy held by the regional authorities.
On the other hand, it can be determined that country has three branches executive, legislative and judicial. Meanwhile, the political parties include the independent parties, conservative parties, and liberal parties. Whereas the congress includes the 8 standing committees of the House of Representatives, and Senate as well, the members of senate are 102 members, and the House of Representatives have 162 members.(Colombia Govt, 2017)
Moreover, it can be determined that Colombia is a democratic state, and there is no risk for the terrorism, and the civil-military relation is also one of the important aspect to consider. So, the relationship of government and military are stable. However, due the upcoming elections in the country in 2018 the hot air in the political circle has increased.
On the other hand, the political environment is also not stable since Ode Brecht bribery scandal that might create distrust among the public. So, it is anticipated that upcoming elections would be tough in terms of competition. Meanwhile, the political coalition would not also take place due to the scandal. However, its effects on the market would be insignificant(BMI Research, 2017)
Legal environment
The legal system of Colombia is divided into the three branches, each branch has different sub-branches.The executive power includes the president, vice-president, ministers, and the directors of the administrative agencies,whereas the legislative system includes the judicial power, prosecutor general, attorney general and defender of the people........
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