International Business Ch.5
dnloredon- Review the WTO and some of the key regional trading agreements. Which do you think is more effective in promoting free trade, the global or regional cooperative agreements? Why?
- Based on what you have learned in Chapter 3 “Culture and Business” the opening case study on the EU in this chapter, and Chapter 5, Section 2 “Regional Economic Integration” do you think countries with distinctively different cultural, historical, and economic histories can effectively enter into a trade agreement? Select one regional trading bloc and discuss the economic motivations for that group of countries to form an agreement. Use Hofstedes cultural dimensions at http://www.geert-hofstede.com/geert_hofstede_resources.shtml. Do you think the countries in the trading bloc you selected are likely to have cross-cultural similarities or differences?
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