Regional Integration

Regional Integration

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Regional integration can be defined as the unification of countries into a larger whole. It also reflects a country’s willingness to share or unify into a larger whole. The level of integration of a country with other countries is determined by what it shares and how it shares. Regional integration requires some compromise on the […]

Cultural Dimensions

Cultural Dimensions

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According to Dr. Geert Hofstede, ‘Culture is more often a source of conflict than of synergy. Cultural differences are a trouble and always a disaster.’ Professor Hofstede established a model using the results of the study which identifies four dimensions to differentiate cultures. Later, a fifth dimension called ‘long-term outlook’ was added. The following are […]

International Trade Theories

International Trade Theories

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The following are different international trade theories   Mercantilism Mercantilism theory of international trade has its origin in England in the middle of 16th century. Mercantilism theory is based on the principle assertion that government control of foreign trade is of paramount importance for ensuring the prosperity and military security of the state. The main […]

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