Culture And Business Climates Essay

1545 words - 6 pages

Introduction:Recent history has shown us that the world we live in today is no longer a world of separate nations with individual agendas and self sufficient economies. It is a world of many cultures that transcend traditional borders. I think we all agree that all people regardless of lifestyles or cultures are basically the same. Having said this it is also important to understand that in the business world there are hundreds of different cultures which need to be respected in order to be successful. With business globalization being more and more commonplace it is imperative that we educate ourselves in order to be understanding, respecting and being open-minded regarding different cultures doing business here in America as well as us doing business overseas. Doing business overseas might seem like a daunting task at times but the reward of being proactive in this matter can be very rewarding. In this paper I will look at four different countries in four different continents as to their cultures and business climates. I will compare these and choose the one I feel is the most logical choice to do business in.Iraq:The culture of Iraq one that is quite opposite of ours in many ways. This presents a number of challenges. Some of the freedoms and customs we take for granted are not part of the Iraq culture. Items such as freedom of religion, free speech, equal rights and the ability to express ourselves as individuals. Their culture is very strict on wavering from the muslim traditions. Their views on non hetro sexuals, equality of women and the ability to "question the establishment" are some large stumbling blocks to overcome when trying to do business there. Although these restrictions have decreased in recent years with the removal of the Hussein dictatorship and the election of a democratic government it has come somewhat of a better environment for foreign investment. With the decrease of insurgent attacks and an improved overall security in the populated areas of the country the environment is lending itself for foreign businesses to establish themselves.The economy is dominated by the oil industry. Over 90% of all foreign capitol coming into the country are directly from oil exports. Due to the recent change in governments, insurgent attacks and the initial war the country's infrastructure, homes, schools, buildings etc… the opportunity to get "in the ground floor" on a wide variety of investments such as construction, utilities, localized businesses and establishing markets for a variety of goods are readily available as long as one is willing to risk the lack of established stability. In order to help entice foreign investment the government of Iraq is looking to put forth a strategy to get foreign investors to join in joint ventures in state-owned enterprises. This has sparked interest from several foreign entities.(, n.d.)Liberia:The culture of Liberia is surprisingly similar to ours in many ways. The official language is...

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