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400 600 800 1000 200 400 600 800 1000 200 400 600 800 1000 200 400 600 800 1000 200 400 600 800 1000 200 HofstedeGlobeTradingAcronyms Name that Country
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How loosely or tightly people are socially bonded.
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Individualism/ Collectivism
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How much people accept inequality of power.
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Power Distance
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How strong people desire certainty.
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. Uncertainty Avoidance
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How much people embrace stereotypical gender traits.
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Masculinity/ Femininity
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The two dimensions that appear on both GLOBE and Hofstedt’s lists.
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Power Distance & Uncertainty Avoidance
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How confrontational and dominant individuals are in social relationships.
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Assertiveness
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How much people delay gratification by planning and saving.
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Future Orientation
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The extent to which society believes excellence should be rewarded.
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Performance Orientation
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The degree to which individuals are encouraged to be kind, generous and fair.
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Humane Orientation
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Expresses the extent to which people should take pride in their family, close group of friends and their work organization.
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In-Group Collectivism
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A group of nations within a geographical region that has agreed to remove trade barriers with one another.
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Trading bloc
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A trade barrier in the form of a customs duty or tax, levied mainly on imports.
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Tariff
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Its purpose is to provide low- interest loans to developing nations for improving transportation, education, health and telecommunications.
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World Bank
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The practice of a foreign company’s exporting products abroad at a lower price than the price in the home market.
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Dumping
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Trading status that describes a condition in which a country grants other countries favorable trading treatment such as the reduction of import duties.
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Most favored nation
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WTO
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World Trade Organization
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EU
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European Union
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NAFTA
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North American Free Trade Agreement
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APEC
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Asia-Pacific Economic Cooperation
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IMF
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International Monetary Fund
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Its capital is Beijing
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China
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This country has the highest life expectancy in the world.
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Japan
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This Asian country is famous for Korfball.
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Taiwan
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This country is the world’s second largest exporter and third largest importer.
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Germany
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The fifth largest country in the world.
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Brazil
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