How a Nation’s Culture Can Dictate Business Operations and Economic Policy

Authors

  • Christian De Luca

Keywords:

Hofstede, Cultural economics, USA, cultural perceptions, China

Abstract

China as a civilization has enjoyed a very long history when compared to other nations and is becoming a leader in innovation while maintaining a strong cultural identity. This cultural identity is often reflected in politics as well as in the way business is conducted. While there are many prominent theories, researchers in the past have commonly cited Confucianism as the driving factor for China’s cultural economics. This research explores the concept of culturaleconomics and identifies the qualities and attributes China has preserved and still exhibits today. Historical texts, modern fiscal policy, and insights from Hofstede are used to analyze modern China’s business environment, geopolitical standing, and role in the overarching world economy. Preliminary data were collected using Hofstede’s cultural dimensions and plotted against existing US and China scores to discern how cultural attitudes are shifting to cause negative perceptions of Chinese business practices and governance.

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Published

2022-05-05

Issue

Section

Social Sciences