The Changing Geography of International Business Essay

The Changing Geography of International Business - Essay ExampleThe political, technical and economic changes lead towards cultural diversities in the 21st century all around the introduction. The primary(prenominal) neutral of the paper is to consider the most significant characteristics of four regions namely Latin the States, China, Russia and Africa that suffer shaped the furrow environment and that outsiders need to be aware of when initiating a new enterprise or while establishing doing there. The two significant characteristics that have been chosen for the study are culture and language, and politics. Culture and Language of Latin the States The word Latin America is used to explain the collection of 21 countries in the celibate of South America. The language that is spoken is Latin. It has been observed that Latin America enjoys components of historical experience, culture and language. Latin America is an ethnically diverse region and is also deemed as a mounting poli tical and economic force. The main languages that are spoken in this continent are Spanish, Portuguese and French (Teegan & Doh, 2002). Conventionally, the Hispanic family is a sticky group and the most vital social unit. They generally believe in extended family. It has been observed that in Latin cultures, the familial group is quite crucial. In a few of the Latin American countries, peasants exponent leave their body of works during holidays so that they can meet their relatives in other parts of the country. They also tend to fall the funeral, weddings of their friends, or distant relatives. A manager may be faced with greater difficulties related to non-attendance impacting the workplace to a major extent (Martinez-Calimano, 2006). According to a study conducted by Geert Hofstede for Latin American countries, it was noteworthy that there is extravagantly power distance in Latin America. In Latin America, the people in higher level of authority expect to gain respect from others and are familiar to make decisions without pickings into consideration the viewpoints of their subordinates. Latin America has low individualism rate. In Latin America gender roles let quite different in comparison to the United States, men hold the greater authority. There is high uncertainty avoidance in Latin America (Geert Hofstede, 2012). Politics of Latin America Latin America enjoys neither total-socialism nor free-market neoliberalism. The region has been ranked as the third most unbalanced region in the world in the context of post-war period. Political unsteadiness has been one of the most persistent issues in Latin America. It has been observe that from the stratum 1971-2000, three nations belonging to Latin America were consistently democratic within the thirty year phase, while the other countries have changed from democracy to autocracy and vice versa at least once during the cartridge clip period. It can be analysed that such political instability tends to obstruct the economic development via its impact upon the collection of both physical and human capital (Blanco & Grier, 2000). Culture and Language of China China has a elongate history of cultural competence. China is considered as globes oldest civilisation among the culture that subsists today. The Chinese have been capable of preserving the old values still today. It is identified that when the Chinese entrepreneurs are operating their