IBUS 311 Lecture Notes - Lecture 4: Lingua Franca, Socialist Economics, Social Stratification

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Pure market economy- characterized as having a laissez faire policy, Doesn"t necessarily have to be english, but in the book it"s heavily emphasized as english. In africa maybe you use swahili or another well known language in africa. Knowledge about religions is crucial, even for non religious managers. Understanding the religion and seeing how it affects your business deals, do ur hw as you go along, assimilate things. The way a society broadly organizes its members. Social mobility, income (middle and upper class etc. ) from 1 to the next. Can be used to maintain social stratification or to break down social barriers. Education can be manipulated in different places, to do different things than you"d expect. Learning english allows you to be apart of a global conversation. English of problem solving, the world is pulling it, not b/c america is pushing it. English = hope for a better future, the world has a common language to solve it"s common problems.

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