National and Cultural Differences: The influence on economic and business values
- When Goldman Sachs chief economist Jim O’Neill coined the acronym BRIC in 2001 to refer to Brazil, Russia, India, and China, the focus was to highlight the immense collective economic potential of these countries. Since that time, China and Russia have influenced the international marketplace in political ways as well. How do you think these four countriesor a subset of themwill likely influence the world’s cultures in the next 10 years?
- Anyone who has been to Hong Kong typically says it is different from mainland China, more like Singapore, albeit with a strong connection to China. Do you think Hong Kong will become more like China in the next few years, or will China leverage Hong Kong as an asset to engage more capitalistically in the international marketplace instead?
- Macau was under Portuguese influence until 1999, which is not that long ago. Many in Macau welcomed the Chinese takeover so that the area could be better taken care of (e.g., infrastructure, economy). But being part of the Portuguese administration from 1887 to 1999 clearly has imbued their cultural values and beliefs in the mindset of Macau’s citizens. How are these values and beliefs likely to influence the MacauChina relationship in the years to come?
- Taiwan maintains diplomatic relations with some 76 member states of the United Nations (19 in an official capacity and 57 in an unofficial capacity). The nation’s culture is a blend of Confucianist Han Chinese and Taiwanese aboriginal influences. How would you handle the link between China and Taiwanculturally, economically, and politically?
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