BU352 Lecture Notes - Lecture 17: Gross Domestic Product, Economic Sanctions, Free Trade
Document Summary
Intended to make imported goods more expensive less competitive with domestic products: protects domestic industries from foreign competition, other cases, imposed to penalize another country for trade practices home country views as unfair. Willingness to accept social inequality as natural: uncertainty avoidance. The extent to which the society relies on orderliness, consistency, structure, and formalized procedures to address situations that arise in daily life. Perceived obligation to and dependence on groups: masculinity. The extent to which dominant values are male oriented. A lower masculinity ranking indicates that men and women are treated equally in all aspects of society; a higher masculinity ranking suggests that men dominate in positions of power. 3: time orientation. India: one of fastest growing markets, one of the youngest populations in the world. In most developing countries, manufacturers must go through many different types of distribution channels to get their products to end users,
