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BSP2005 Class 5 S2 2015 Culture

Better Essays

Business & Culture in Asia
Asian Business Environments
Dr. Markus Taussig, NUS Business School
Friday, February 13 (Week 5)
1

This Week
Housekeeping, Preclass assessment
Quick review of last week (politics)
This week: culture
✓country to firm view transition
✓mini case on K-Pop
2

Housekeeping
Need to make past assessment questions available to you
No class next week
Next week’s pre-class assessment will be early No class the following week either!
3

Pre-Class
Assessment
QUESTION

ANSWER

SHARE
CORRECT

1

A

99%

2

TRUE

70%

3

B

98%

4

B

89%

5

D

93%

6

D

94%

7

C

97%

8

D

65%
57%

9

C

10

FALSE

75%

11

C

94%

12

C

93%

13

D

82%

14

B

86%

15

OPINION



16

OPINION



17

OPINION



18

OPINION



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3.52

MacIntyre:
Veto Points & Crisis
Assumes roughly equal shock and vulnerability to it across countries
So different outcomes are result of different policy responses to crisis Policy responses flow from institutional setups 13

Logic of Veto Points (1):
Credible Commitment stable, dependable policy environment requires ability to make binding promises
Too few veto points and you have POLICY
VOLATILITY, where policy is unpredictable

14

Logic of Veto Points (2):
Decisiveness
Appropriate flexible and responsive policy in dynamic environments require institutions that respond in an efficient and timely manner
Too many veto points lead to POLICY RIGIDITY that won’t budge from the status quo when needed

15

MacIntyre’s
Happy Medium

16

Veto Points in SE Asia
Thailand was stuck in gridlock
Indonesia vacillated wildly
Philippines (maybe Malaysia) struck a good compromise

17

SE Asian Veto
Points over Time
Thailand

1997

Indonesia

2006
18

2013

Politics & Growth
July 2011 TEDtalk by Prof. Yasheng Huang,
Sloan School of Management, MIT
19

Clark (1987):
Labor Inefficiency due to… Culture?

20

Clark (1987):
Labor Inefficiency is
Location-Specific

21

Is Clark’s conclusion convincing? 22

Culture!
Country-, Firm-, &
Individual-level
Perspectives

23

Country-Level
Perspective

24

We Like Identifying
Cultural Explanations
Clash of civilizations
National success or failure
Corporate success or

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