International Trade Barriers


Cultural Differences
--Individualism vs. Collectivism: Anglo culture favors individuality.
___Most cultures put family or community first.
--Long-term vs. Short-term Orientation: Anglo culture favors short-term
___ gain. Asian culture favors long-term gain.
--Corruption: Nations that allow corruption are poor.

How importing works.

Governmental Differences
--Stability: Investing in an unstable country is one way to lose money.
--Rule of Law vs. Rule by edict: Nations that give everyone a fair chance,
___regardless of connections, tend to be wealthy.
--Infrastructure: Many developing nations lack roads, telephones and
___electricity making it very difficult to sell goods.
--Honoring Contracts: Ability to enforce contracts and establish clear title
___to property make business possible. Poor nations lack these basics.
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