Attached is the reading for this assignment
Based on what you have read so far about “Culture and Business” select one regional trading bloc. (There is a link provided to help you identify a trading bloc). You may want to use Hofstedes cultural dimensions at http://geert-hofstede.com/countries.html
Your discussion should address the following questions:
- Discuss the economic motivations for the group of countries in the trading bloc to form an agreement.
- Do you think the countries in the trading bloc you selected are likely to have cross-cultural similarities or differences?
- Do you think countries with distinctively different cultural, historical, and economic histories can effectively enter into a trade agreement?
WTO Regional Trade Agreement Database
Regional trade agreements (RTAs) have become increasingly prevalent since the early 1990s. As of 31 July 2013, some 575 notifications of RTAs (counting goods, services and accessions separately) had been received by the GATT/WTO. Of these, 379 were in force. What all RTAs in the WTO have in common is that they are reciprocal trade agreements between two or more partners. Information on RTAs notified to the WTO is available in the RTA Database.
The WTO also receives notifications from WTO members regarding preferential trade arrangements (PTAs). In the WTO, PTAs are unilateral trade preferences. Information on PTAs notified to the WTO is available in the PTA Database.