What does BRIC mean in terms of emerging economies?
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Brazil, Russia, India, China
individualism vs. collectivism
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-Individuals- the task over relationships, the individual is responsible
-Collectivism- the relationships and working together
Culture
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learned behavior and way of life that a group of people follow, typically is
geographical
-not inherited but learned
-impossible to change an individuals culture
-firms must take the culture of the country they are doing business in
WTO/ world trade organization
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-administers trade agreements so that everyone sticks to what they agreed
to
-works as a middle man for two countries
-sets the rules for and works with the World Bank and IMF
decoupling
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Give this one a try later!
Brazil, Russia, India, China
individualism vs. collectivism
, Give this one a try later!
-Individuals- the task over relationships, the individual is responsible
-Collectivism- the relationships and working together
Culture
Give this one a try later!
learned behavior and way of life that a group of people follow, typically is
geographical
-not inherited but learned
-impossible to change an individuals culture
-firms must take the culture of the country they are doing business in
WTO/ world trade organization
Give this one a try later!
-administers trade agreements so that everyone sticks to what they agreed
to
-works as a middle man for two countries
-sets the rules for and works with the World Bank and IMF
decoupling
Give this one a try later!
