Differences of East and West European Economies Before and After Communism After World War II‚ Europe was divided along the Iron Curtain‚ a political‚ military‚ and ideological barrier constructed by the Soviet Union to separate itself and its allies from noncommunist areas. The West‚ defined by the North Atlantic Treaty Organization (NATO)‚ members were Belgium‚ Canada‚ Denmark‚ France‚ Iceland‚ Italy‚ Luxembourg‚ the Netherlands‚ Norway‚ Portugal‚ the United Kingdom‚ and the United States
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an average annual rate of nearly 10%. From 1980 to 2011‚ real GDP grew 19-fold in real terms‚ real per capita GDP increased 14-fold‚ and an estimated 500 million people were raised out of extreme poverty. China is now the world’s second-largest economy and some analysts predict it could become the largest within a few years. Yet‚ on a per capita basis‚ China remains a relatively poor country. China’s economic rise has led to a substantial increase in U.S.-China economic ties. According to U.S
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decision making is culture (Singhapakdi et al. 1994). While understanding cultural differences and theories related to culture‚ we first try to understand what the term culture means. Culture has five dimensions as described by (Hofstede‚ 1991 and Bond 1988). These are individualism/collectivism‚ power distance‚ uncertainty avoidance‚ and masculinity/feminine. These are extensively covered in the Hofstede theory. The global leadership and organizational research program (hereafter referred to as GLOBE)
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1. Open Economy vs. Closed Economy • Open Economy A country has an open economy if it is joining international trade‚ which exporting and importing are collectively together. Selling or buying of goods or services to a foreign country is allowed in this kind of economy. The Market-economy is mostly free from trade barriers and where exports and imports form a large percentage of the GDP. Imports give citizens of a country access to products and services provided by other nations
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How to Develop China’s Economy Effectively Contents 1 Introduction 1 2 Main Issues 2 2.1 Baby Boomers: How to deal with the huge aging population 2 2.2 Gen Y: The second-generation migrant workers bring new challenge and opportunity for China’s urbanisation 3 2.3 Technological Issue: Quality and Innovation 4 2.3.1 Quality 4 2.3.2 Innovation 5 3 Conclusion 8 4 Recommendations 9 5 Reference List 10 1 Introduction Since opening and reforming the market in 1978‚ China has turned
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organizations and styles of management are becoming increasingly similar. However‚ this conversion has a limit. Some cross-cultural differences will not disappear so easily and managers will have to understand and appreciate these cultural oddities’ if they wish to run a successful business. Let us take China and France as examples of two very different countries that may have cross-cultural problems while doing business. First we will give a general overview of the two countries and then discuss some management
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and freedom for its citizens. After a review of the political history and demographics of the country‚ an in-depth analysis of the economic condition of the Philippines will be explored. Appendix A contains a map of the Philippines by different cultural regions. Economic topics will include Fiscal and Monetary policies‚ as well as a review of the peso. Next‚ significant economic indicators will be discussed‚ including unemployment‚ interest rates‚ inflation rates‚ and overall growth. Appendix
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Cultural Considerations Cultural diversity is normal in society today. People come from different races‚ cultures‚ and backgrounds. People have to learn the importance of respecting the culture of others. Everyone can learn from others. Superiority does not exist because of an individual’s culture. Some people from different cultural backgrounds believe that he or she is better than others but this is an untruth. Cultural concerns can have a negative influence on justice and security administration
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Gender and cultural differences in Internet use: A study of China and the UK Nai Li a‚ Gill Kirkup a b‚* Faculty of Education and Language Studies‚ The Open University‚ Walton Hall‚ Milton Keynes MK7 6AA‚ UK b Institute of Educational Technology‚ The Open University‚ Walton Hall‚ Milton Keynes MK7 6AA‚ UK Abstract This study investigates differences in use of‚ and attitudes toward the Internet and computers generally for Chinese and British students‚ and gender differences in this cross-cultural
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Economy is supposed to mean the stabilization of resources in a country. As of now‚ the term economy means being unstable or anarchy. The economy is struggling daily causing everyday living difficult for civilization. The deprivation of oil‚ the decrease of care towards the environment‚ and the possible recession of the United States of America economy is what keeps the economy very unstable. Currently‚ this is the worst that it has ever been and it does not look like change is in the horizon. The
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