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International Business

country by country information. International Business. Venezuela. Currency is Bolivar Economy dependent on oil Oil accounts for 90% of all exports Want to sell more oil to China and be less dependent on the U.S. People stand close to each other while doing business. Brazil.

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International Business

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  1. country by country information International Business

  2. Venezuela • Currency is Bolivar • Economy dependent on oil • Oil accounts for 90% of all exports • Want to sell more oil to China and be less dependent on the U.S. • People stand close to each other while doing business

  3. Brazil • Light meals at night, lunch bigger • Talk about soccer & family • Do not talk about rival Argentina & politics • Women touch cheeks & air kiss when meeting • Long handshakes • O.K. hand gesture is rude • Currency: Real

  4. Spain • Dinner served at/after 9pm • Different business ranks do not mix company • Do not rush negotiations • Men/women wear high-quality business suits • Currency: Euro

  5. China • Don’t eat all of your meal –shows you are still hungry and is disrespectful • Don’t discuss business at dinner • Very discriminatory to women in business • Large agricultural industry • Currency: Chinese Yuan (CNY)

  6. Chinese Labor

  7. More on China • China is the world's third-largest trading nation. • Cheap Chinese shoes and textiles flooding Europe and the United States, underpaid Chinese labor may threaten to wipe out entire industries abroad. • Chinese researchers claim their growing exports have improved the lives of people abroad because the products are so cheap.

  8. Switzerland • Private people • Avoid personal questions, cracking jokes • Dinner lighter than lunch, sometimes just cheese • Very expensive food - $12 burger! • Home to Nestle • Currency: Swiss Franc – not the Euro

  9. Cuba • Use “comrade” instead of Mr. / Mrs. • Cuban Peso • Chinese are drilling offshore Cuba • U.S. embargo with Cuba • Embargo voted heavily against by U.N. but still stands...will Obama lift it?

  10. United Kingdom (Great Britain) • Conservative dress • Men don’t wear striped ties • “V” Victory sign with palm facing in is offensive • Offended if you mix up British with Scottish, English, Welsh, Northern Ireland • Home to HSBC, BP & Vodafone • Currency: British Pound-not the Euro!

  11. Canada • Conservative, dark dress • “V” Victory sign facing in is bad • Rude to eat in public (Streets, busses, etc) • Expensive gifts are frowned upon

  12. Kazakhstan • Rich in Uranium • Currency: Tenge • Greet with a kiss on the cheek • 8:30 bed time (no late night business deals) • Transitioning from a communist to democratic economy

  13. Belgium • Conservative/dark color dress • Kiss during greeting; men shake hands • Rude to leave food on plate • Avoid confrontation • Currency: Euro

  14. Japanese • Highly recommended to bring a gift • Don’t choose your seat, wait to be seated and wait to get up • Currency: yen • Toyota, Sony, Nintendo, Nissan, Mitsubishi • Tokyo-most expensive city in the world to live in. • Avoid pointing (live in such close quarters) • Avoid talking with hands

  15. More on Japan • Always bow – lower and longer than your host • Take off shoes when entering home • Be prepared to take a bath before dinner at a guests home • Bath water is shared by all in the home • Tipping is unnecessary and impolite • Japanese often wear sterilized masks

  16. Germany • Authority is well-known and respected • 2 hour midday meal called mittagessen • Leaving food on table is disrespectful & wasteful • Home to Braun, Puma, Adidas, BMW, Siemens, Volkswagen • Currency: Euro

  17. New Zealand • Be early or on-time not fashionably late • Don’t talk during meals, do it before/after food arrives • Do not want to be associated with Australia (they are a separate country!) • More sheep than people by 10:1 ratio • Major exporter of wool and sheep meat • Currency: New Zealand dollar

  18. France • Don’t loosen ties or take off jackets at work • Conservative dress– invest in well-tailored clothes • Punctuality treated casually • Lunch best time to conduct business • Do not make unannounced visits • Currency: Euro

  19. South Africa • Business BBQ meals at homes called braaivieis • Casual about business deals so do not rush them • Don’t give gift with left hand-offensive • Most industrious country in African continent • Women wear Sari • Currency: Rand

  20. Argentina • Don’t put your feet up! • Don’t eat outside in public • Conservative business dress • Business luncheons uncommon, dinner okay • Currency: Argentine Peso

  21. Netherlands (aka Holland aka the Dutch) • Give flowers as a gift but an odd number is bad luck • Can also give chocolate, don’t give wine • Dark and conservative dress • Keep distance from others in meetings • Language: Dutch • Currency: Euro

  22. Italy • Business is done with those they know • Air kiss friends, shake hands w/ strangers • Heated arguments a regular in meetings • Talk loudly • Home to Armani, Ferrari & Maserati • 17 unlucky number • Currency: Euro

  23. Australia • Conservative dress in Melbourne & Sydney • Tropical areas men wear shirt & ties w/ Bermuda shorts to work • Get down to work quickly, appreciate brevity • Aussies use colorful language unthinkable in other countries • Currency: Australian Dollar

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