Differences Affecting International Business

Essay by EssaySwap ContributorUniversity, Master's February 2008

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When people think of business, they may think of local businesses or perhaps even larger national businesses. In a world of globalization, international business continues to be the most important type of business in many sectors and is continually growing. Regional business is more familiar for many people and easier to understand in many ways. International business can be more complicated to understand. While local or national businesses all work under the same laws and everybody involved are on the same level as in being from the same country or such. There are many things that can affect international business unlike business that is conducted within a region. There are cultural and social differences among people and nations. Laws vary across the globe, making it more difficult to conduct business in certain situations. Economic and, of course, political differences between governments are other factors that can affect the way international business is able to be conducted.

Nations and regions vary from other regions of the world in their social and cultural practices. One major example would be religious differences. The United States is mostly a Christian country, while most of the Middle East is of Islamic tradition. Religion can affect international business in various ways. Holidays vary among religions and while Islamic countries celebrate Ramadan and have daily prayers that shut down business, businesses in the United States will continue to operate. Language is another obstacle to be overcome while conducting international business. While the use of interpreters can be common, it is often appreciated and even considered more ?business like?, to make conscious efforts to learn and speak a little of the business partners? language. Lunchtimes can also vary among countries. In the United States, it is more common for a quick lunch, while business still goes...