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Cultural Elements-1 Cultural Elements-2 The role of the individual and the group People or contracts Attitudes towards time Attitudes towards age: youth/age Formality: formal/informal Relationship toward superiors and subordinates Free will: human control or control by God or fate Attitudes towards women Attitudes towards change Multinational Corporation (MNC)-1 A multinational is a company that has operations in more than one country MNCs develop in four stages: Multinational Corporation (MNC)-2 Economic Blocs Schott(1991) takes the term economic bloc or the trade bloc as a type of intergovernmental agreement, often part of a regional intergovernmental organization, where regional barriers to trade, (tariffs and non-tariff barriers) are reduced or eliminated among the participating states. Countries in an economic bloc belong to very different cultures and have very different values, these differences may lead to some problems in economic blocs. READING 1 Central America Opens for Business Framework Language Points Tariffs: import/export taxes Microeconomic: microeconomics is a branch of economics that studies the behavior of individual households and firms in making decisions on the allocation of limited resources. Deregulation: deregulation can be explained as the reducing role of the government to the industries (the government reduces its role and allows industry greater freedom in how it operates) READING 2 An African Success Story (The Southern African Development Community: SADC) Framework Language Points Macroeconomics: it deals with economic factors that affect the economy as a whole. Commodities: items that are sold in bulk. Infrastructure: basic systems of an economy, such as transportation, communication, energy, and education. GNP: Gross National Product, the total value of goods and services that a country produces in a year. SADC: is an inter-governmental organization headquartered in Gaborone (博茨瓦纳首都哈博罗内 ), Botswana. It aims to furthe
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