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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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