Colombia International Business Research
Colombia International Business Assessment
Mandi Norton
Athens State University
Abstract
The purpose of this paper is to focus on the analysis of the cultural factors of the economics of Colombia as it relates to doing business there, the business etiquette in Colombia; including their customs and manners, and the impact those factors have on the industry of Colombian rose exportation.
The purpose of this paper is to focus on the analysis of the cultural factors of the economics of Colombia as it relates to doing business there, the business etiquette in Colombia; including their customs and manners, and the impact those factors have on the industry of the Colombian rose exportation.
Factual Background
Colombia, officially the Republic of Colombia, is the fourth largest economy in Latin America and the fifth largest country with approximately 44.91 million inhabitants as of May 2009 with a growth rate of 1.184% (United States Department of Commerce, 2010). An overwhelming 90% of Colombia’s population is Roman Catholic and 10% other religion (kwintessential.co.uk). The largest city and capital of Colombia is Bogotá. Colombia has five Latin American countries as its borders, which are Venezuela, Brazil, Ecuador, Peru, and Panama. Colombia also has the Caribbean Sea and the Pacific Ocean as its borders.
Colombia exported an estimated $31.34 billion in 2009, which consisted of petroleum, coffee, coal, nickel, emeralds, apparel, bananas, and cut flowers (“Colombia Economy Overview,” 2010). Colombia sells much of its emeralds and considerable amounts of gold of the world, silver, and platinum and has the highest coal production in the continent. Colombia’s highlands are subject to volcanic eruptions, occasional earthquakes and periodic droughts
Climate
Colombia has an extremely diverse climate ranging in a variety of temperatures and precipitation. This is caused by the variations in the elevation. Colombia is divided into four separate markets, each with
Mandi Norton
Athens State University
Abstract
The purpose of this paper is to focus on the analysis of the cultural factors of the economics of Colombia as it relates to doing business there, the business etiquette in Colombia; including their customs and manners, and the impact those factors have on the industry of Colombian rose exportation.
The purpose of this paper is to focus on the analysis of the cultural factors of the economics of Colombia as it relates to doing business there, the business etiquette in Colombia; including their customs and manners, and the impact those factors have on the industry of the Colombian rose exportation.
Factual Background
Colombia, officially the Republic of Colombia, is the fourth largest economy in Latin America and the fifth largest country with approximately 44.91 million inhabitants as of May 2009 with a growth rate of 1.184% (United States Department of Commerce, 2010). An overwhelming 90% of Colombia’s population is Roman Catholic and 10% other religion (kwintessential.co.uk). The largest city and capital of Colombia is Bogotá. Colombia has five Latin American countries as its borders, which are Venezuela, Brazil, Ecuador, Peru, and Panama. Colombia also has the Caribbean Sea and the Pacific Ocean as its borders.
Colombia exported an estimated $31.34 billion in 2009, which consisted of petroleum, coffee, coal, nickel, emeralds, apparel, bananas, and cut flowers (“Colombia Economy Overview,” 2010). Colombia sells much of its emeralds and considerable amounts of gold of the world, silver, and platinum and has the highest coal production in the continent. Colombia’s highlands are subject to volcanic eruptions, occasional earthquakes and periodic droughts
Climate
Colombia has an extremely diverse climate ranging in a variety of temperatures and precipitation. This is caused by the variations in the elevation. Colombia is divided into four separate markets, each with
References: Ball, D.A., Geringer, J.M., Minor M.S., & McNett, J.M. (2010). International Business: The challenges of global competition (12th Ed.) New York: McGraw- Hill Companies. Colombia economy: Seeking fiscal sustainability. (2010, October). EIU ViewsWire. Retrieved October 17, 2010, from ABI/INFORM Global. (Document ID: 2163998831). Colombia: Key developments. (2010, September). EIU ViewsWire. Retrieved October 17, 2010, from ABI/INFORM Global. (Document ID: 2139560351). Outlook for year 2010-11 Colombia-language, culture, customs and etiquette. (2010). Retrieved from http://www.kwintessential.co.uk/resources/global-etiquette/colombia.html. Neville, M.. (2010, January). Customs valuation meets the WTO dispute settlement process. Journal of International Taxation, 21(1), 18-21. Retrieved October 17, 2010, from ABI/INFORM Global. (Document ID: 1945785211). United States Department of Commerce, (2010). Doing business in Colombia. Retrieved from http://www.buyusa.gov/colombia/en/doing_business_in_colombia.html. Colombia has signed several multilateral and bilateral free trade agreements United States Department of State. (2010). Background note: Colombia Retrieved from http://www.state.gov/r/pa/ei/bgn/35754.htm Bureau of Public Affairs: Electronic Information and Publications Office