Explanation:
Deccan Plateau, a pre-cambrian shield, is partially covered by the Deccan Traps, a large igneous province. The northwestern part of the plateau is made up of lava flows or igneous rocks known as the Deccan Traps. The rocks are spread over the whole of Maharashtra and parts of Gujarat and Madhya Pradesh, thereby making it one of the largest volcanic provinces in the world. It consists of more than 2,000 metres (6,600 ft) of flat-lying basalt lava flows and covers an area of nearly 500,000 square kilometres (190,000 sq mi) in west-central India. Estimates of the original area covered by the lava flows are as high as 1,500,000 square kilometres (580,000 sq mi). The volume of basalt is estimated to be 511,000 cubic km. The thick dark soil (called silt) found here is suitable for cotton cultivation.
The difference is the level of threat which is different in both the countries. Russia is considered to be a more challenging nation to commence business in whereas France is considered to be more costly because of the uncertain policies brought by the governments from time to time.
<h3>How are these three risks similar?</h3>
- The types of political risk a company would face when entering the Russian market are mentioned below:
- Russian bureaucrats create too much pressure on foreign businesses and the government brings no solution to counter it rather they close eyes and let it happen.
- Russia at present is under strong hold of Mr Vladimir Putin who is known to unleash vengeance on companies who does not follow the orders of the government. The opposition is weak in Russia and thus the present government enjoys a freehand in ruling the country and they do whatever they wish to. Russian politics represents the biggest risk for a company entering this market.
- Too much corruption and lack of corporate transparency again portray a risk for a company. It is also said that the government promotes corruption and it has become an acceptable practice in the country. The quantum of corruption in the country can be ascertained from the fact that countries like Iran, Pakistan and Libya rank above Russia on Global Corruption Perception Index.
- Politicians destroy companies for their personal profit and there seems to be no check on them in Russia. Yukos which was one of the biggest energy companies is the country was destroyed and forced to declare bankruptcy so that the company can be sold at a discount for fractions of the actual market value to the loyalists of a political leader.
The types of political risk a company would face when entering the French market are mentioned below:
The corporate tax rate is high in France and the government put more taxes on the companies entering the French market.
The French Government has imposed restrictions on trade and investment. Government policies sometimes restrict operations for corporations that are not beneficial to businesses.
France is an uncertain region for many foreign companies that do not know the French Republican system and French economic thinking; companies need to understand the French republican model in order to operate businesses successfully. Companies like Uber, Netflix, Titan have made this mistake and till now they have not established themselves in the country.
The similarity is that both of them have political risks, and a business that enters the market should be aware of the laws and regulations that may be enforced later and the companies should also know how to avoid them. If a company has planned for all these aspects which may come in front of them than the chances of their success is very high.
The difference is the level of threat which is different in both countries. Russia is considered to be a more challenging nation to commence business in, whereas France is considered to be more costly because of the uncertain policies brought by the governments from time to time.
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One reason could be jealousy.Here is my reasoning some people are just sad that they are not on the top of the hierarchy so they try to bring them down instead of working hard and using that sadness and anger to take themselves to the top.They try to bring others down but my question is why do people tear each other down instead of building each other up and supporting each other?
Some of them became governors while others served as prime ministers
during several dynasties in China. The
family moved throughout the country with some occupying important positions and
spreading their name along the way. Just like other Chinese families, their
descendants also migrated to other countries.