Cultural differences impede trade for most countries — but not China
- Written by Bedassa Tadesse, Professor of Economics, University of Minnesota Duluth
Container ships at port in Qingdao, China.Costfoto/NurPhoto via Getty ImagesIt’s a widely accepted notion among economists that cultural differences can pose a significant barrier to trade. The larger the cultural gap between two countries – judging by differences in language, customs, values and business norms – the more challeng...
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