South Asia, also known as Southern Asia, is the southern region of the Asian continent, which comprises the sub-Himalayan countries and, for some authorities (see below), also includes the adjoining countries to the west and the east. Topographically, it is dominated by the Indian Plate, which rises above sea level as the Indian subcontinent south of the Himalayas and the Hindu Kush. South Asia is surrounded (clockwise, from west) by Western Asia, Central Asia, Eastern Asia, Southeastern Asia and the Indian Ocean. According to the United Nations geographical region classification, Southern Asia comprises the countries of India, Pakistan, Bangladesh, Bhutan, Nepal, Maldives, Afghanistan, Iran and Sri Lanka. By other definitions and interpretations (see below), Myanmar and Tibet are also sometimes included in the region of South Asia. South Asia is home to well over one fifth of the world's population, making it both the most populous and most densely populated geographical region in the world. The South Asian Association for Regional Cooperation is an economic cooperation organization in the region.
South America Backgorund
Using survey data from the Americas Barometer by the Latin American Public Opinion Project at Vanderbilt, Corral concluded that “happiness in Latin America and the Caribbean is related to economic factors as well as social, political and demographic factors. At least within this region, economic development at the national levels explains different levels of life satisfaction among citizens in the region.” Corral found that economic factors—income and perceptions of the individual and national situations—bear a positive correlation with levels of life satisfaction. It is no surprise, then, that survey respondents in earthquake-ravaged Haiti, the poorest country in the region, ranked the lowest on the life satisfaction index at 35.4 percent. But, most people in the rest of Latin America see themselves as happy. Brazil led the pack at 71.6 percent, followed by Costa Rica (67.7 percent), Venezuela (65.6 percent) and Panama (65.1 percent), with Trinidad & Tobago and Honduras tied at 63.3 percent. Jamaica, Dominican Republic, El Salvador, Belize and Peru are all above 50 percent. For the region as a whole, perception of individual economic conditions is by far the strongest predictor of individual happiness, Corral found. Those with better economic profiles are happier. A person’s subjective view of his wealth was more influential on his satisfaction level than an objective measure of wealth. “It is possible that this relationship is driven by dual causality,” Corral wrote. “A perceived positive economic situation increases happiness, and as well, happy people tend to perceive better economic situations.” Marriage has a positive but not significant effect on life satisfaction among the region’s citizens, Corral found. Churchgoers and those who are surrounded by people they trust register high levels of satisfaction. Women, the elderly, young adults, the better educated and those who live in large cities likewise express high levels of happiness. Having children and being unemployed weigh negatively on individual satisfaction.
Country People values, Business Tradition, Etiquette
Business Culture of South Asia
Historically, South Asia is an agricultural country with a very small industrial sector employing about 40 percent of the active labor force. Smallness of industrial sector may seem to be congenial to the development of a healthy industrial relationship but this could not be realized even within a period of fifty-eight years of the country’s independence. While some of the reasons of this failure are historical and traditional cultural background, many are in fact attributable to the poor management system and legal system concerning industrial relations in the country. Usually trade unions are organized mostly on the basis of political, regional and even personal loyalties which was encouraged...
Please join StudyMode to read the full document