What reason can be attributed for the significant difference in the living standards of Ghana and South Korea over the last 30 years? A. New government regulations B. Technological advancements C. Comparative Advantage D. Differing attitudes toward international trade E. New tax rules
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What reason can be attributed for the significant difference in the living standards of Ghana and South Korea over the last 30 years?
| A. |
New government regulations |
|
| B. |
Technological advancements |
|
| C. |
|
|
| D. |
Differing attitudes toward international trade |
|
| E. |
New tax rules |
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- According to Huang, China's superior growth relative to India in the 1990s and 2000s can best be explained by China's advantages in (select all that apply) A- health B- education C- egalitarian norms D- infrastructureIs there any relationship between the culture of a given country and the extent to which it will likely have a dynamic, growing economy? Are there cultures that would be more likely to limit economic growth and even result in poverty? Defend your answer.Choose two countries that are culturally diverse. Compare the cultures of those countries and discuss the ways in which cultural differences will affect the cost of doing business in each (country). Answer: Students answer vary depending on the countries they have chosen. 1. Identify the countries for comparison 2. Identify the cultural factors, two to five factors 3. Prepare a table. See example below. Countries E.g., Malaysia Religion Islam Hindu Buddha Christian Social 4. Discuss the ways in which cultural differences will affect the cost of doing business in each (country).
- O Totally ignore this country because residents are poor When IKEA spent $2 billion to open a store in Russia, it was participating in a Joint venture O Franchise O License O Foreign Direct Investment Greenfield investment: "Using Dubai aa an example, do you believe that cultural similarities among people can outweigh cultural differences that exist in terms of doing business together in the future?1. What and who benefits from market integration? How could emerging economies and developing countries like the Philippines benefit from market integration, including increasing our participation in this global phenomenon? 2. What social and environmental safeguards should be developed and implemented in order to ensure that benefits of global market integration are distributed with greater equity and respect for local culture and environment?
- Read the following excerpt from a detailed article on globalisation and The ability of countries to rise above narrow self-interest has brought unprecedented economicwealth and plenty of applicable scientific progress. However, for different reasons, not everyone hasbeen benefiting the same from globalization and technological change: wealth is unfairly distributedand economic growth came at huge environmental costs. How can countries rise above narrow selfinterest and act together or designing fairer societies and a healthier planet? How do we makeglobalization more just?According to Christine Lagarde, former President of the International Monetary Fund, “debatesabout trade and access to foreign goods are as old as society itself ” and history tells us that closingborders or protectionism policies are not the way to go, as many countries doing it have failed.Lagarde defends we should pursue globalization policies that extend the benefits of openness andintegration while alleviating…Choose two countries that appear to be culturally diverse. Compare the cultures of those countries, and then indicate how cultural differences influence (a) the costs of doing business in each country, (b) the likely future economic development of that country, and (c) business practicesWhy should domestic managers have an understanding of globalization and international business? Explain any two points with relevant examples
- What characteristic of national culture do you think to have the most important effect on how successful a country is in doing business abroad?Choose two countries that are culturally diverse. Compare the cultures of those countries and discuss the ways in which cultural differences will affect the cost of doing business in each (country). Answer: Students answer vary depending on the countries they have chosen. 1. Identify the countries for comparison 2. Identify the cultural factors, two to five factors 3. Prepare a table. See example below. Countries E.g., Malaysia Religion Islam Hindu Buddha Christian SocialA company, Golf Pros, would like to build a golf course that could be played year round. Which component of the international business environment would they need to consider? a. Geography b. Culture c. Politics d. Economy
