Short Term And Long Term Perspective Of Institutional Development And Economic Growth Essay

829 WordsAug 21, 20154 Pages
Short-term orientation (LTO) retrained focuses on the degree the society embraces, or does not embrace, short-term devotion to keeping up with the joneses (Itim international, 2015). “There is a dramatic need for a comprehensive strategy of Eurozone stability, institutional consolidation, and economic recovery and development that goes to the roots of the trouble, and places the necessary short-term stabilization measures within the long-term perspective of institutional development and economic growth” (Dallago, 213). The United States is one of the most persistence or cultural, personal fulfilling countries in the world in developing a relationships. Therefore, the integrating the elements of culture and locals conducting business according to Hofstede’s theory constitutes a short-term orientation retrained. The U.S desires to be part of the world economic system and being a diverse country of nationalities and religion. Indulgence can best describe the U.S manners, therefore, certain religious belief in Confucian dynamism would permit such a business relationship. Since Germany according to the Germany religious reformation other beliefs are at a 1 %, thus includes Confucian dynamism. Mostly the U.S over trade agreements, favors or gifts to affiliates to insure a professional relationship, but Germany attitudes towards those with a short-term orientation is lacking. Hofstede dimension charts grants an elemental and dimensional look into the relationships the U.S.

More about Short Term And Long Term Perspective Of Institutional Development And Economic Growth Essay

Open Document