There Is A Relationship Between The Culture Of A Country And The Economic Success And Growth Of Country Case Study

RQ1. Yes, there is in fact a relationship between the culture of a country and the economic success and growth of that country. When cultures intermingle, countries will be able to better understand each other which can boost the success of businesses. This boost in business is what will help a country’s economy develop and grow. For example, trade can take place between countries that have developed a relationship through culture. Since culture varies in every country, it is important that businesses follow a cultural trend in order to enter or contribute to a country’s growing economy. With that said, it is possible for economies to decline due to a lack of culture integration. This decline in economic growth can result in poverty which
Like all things, there are pros and cons to a democratic country. One large pro in relation to business is the freedom of organization and expression, such as starting a business. This freedom gives business owners that ability to operate their business according to their liking. Also, the company is given economic, social, and political power. Because a democracy allows individuals to start their own businesses, it is essentially easier to start a business in a democratic country. Aside from the pros are several cons. With every form of government comes regulations and at times a lack of government stability. With that said, the affects of government regulations and instability can hurt businesses. Typically, corruption tends to be at a higher rate in democratic countries which can also hurt businesses. For example, several countries in Africa have a democracy and the lack of business and economic growth speak for the
The reports in Sudan of civilians being killed and rebels and reports in Vietnam of religious leaders being prosecuted falls under a totalitarian rule. Totalitarianism, also called dictatorship, is the absolute political control of an individual or party over a population. From the violent actions mentioned above, it is obvious that a totalitarian rule is harmful to a society and to the economy. Although this form of government is not affecting the business directly, it is affecting the business indirectly. For example, the business is now experiencing pressure from activists and may continue to unless action is taken. Also, the violent chaos is creating an environment that can negatively affect economic growth. With that said, I would proceed to shift the operation of the business into a new country. Before doing so, I would need to analyze the market potential for different countries, run analysis, and develop a business expansion plan. Once I have found a country that is free from the violence of a totalitarian rule and can promote the success of my business and the economy, expansion into that country will take