Culture and Global Trade

Products produced in one country and sold in another

Most common form of corruption in global trade

Secondary group of a culture

Religion is more important in some cultures than in others

Dishonesty within governments or businesses

Selling goods to another country

Encourages trade between Mexico, US, and Canada

Affects people's values and behaviors

Businesses should minimize cultural differences as much as possible

A tax on imported goods

Benefit of global trade

Illegal payments to secure business

Communication that involves the use of words

Customs and traditions of employees at a company

Goods and services purchased from other countries

Generalizing people based on cultural backgrounds

Communication issue for businesses trading internationally

Trade within a country

Belief your culture is better than others

Reduce the number of imports allowed into a country

Japan produces widgets cheaper than Russia

Mexico produces goods more efficiently than China

Using body language instead of words

Customs of a particular group of people

Limit on the number of goods that can be imported

Buying goods from another country

Mexico and the US buy and sell each other goods

Tax on imported goods