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Essay / Research Paper Abstract
This 14 page paper talks about the topic in a general sense but provides specific information about Japan, Ireland, India, Egypt and France. Customs and traditions are noted in each and some information is provided on regulations. Attitudinal variations are explored. Bibliography lists 13 sources.
Page Count:
14 pages (~225 words per page)
File: RT13_SA006bar.rtf
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Unformatted sample text from the term paper:
country, one should adopt to the customs and traditions of that location, even if it means ignoring ones usual conventions. Thus, if one is in a nation where traditional rules
and dress should be conservative, one will not want to wear a revealing bathing suit. Similarly, if not shaking hands is unimaginable in a country, a business person best put
their hand out or endure the consequences of a quashed deal. While customs and traditions are important in many countries, it is more important in some than others. Business people
in more traditional nations will expect adherence to religious practices. Likewise, laws and business regulations become very important in those nations with rigid governmental control. That is why
when doing business in other states, one must understand what is expected of them. There are barriers to market entry and these come in the form of differences in culture
but they sometimes come in the form of tax and business regulations. The political situation in a country will also be pertinent. In Ireland, at various times in history, one
might be busy dodging bullets and in countries subject to coups, the future may be very shaky. Thus, a business person will want to assess the political risk of a
target country. Political risk exists when discontinuities appear in the business atmosphere, when they are hard to predict and when they result from political change (Cosset, 1995). Haendel, West and
Meadow (1975 cited in Cosset, 1995) define political risk as being "the risk or probability of occurrence of some political event that will change the prospects of the profitability of
a given investment " (p.301). For example, Ireland is put in the medium political risk camp along with other non-developing markets such as Belgium, France and Spain (1995). Thus,
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