Reaping the Full Benefits of Foreign Investment Requires ICE-Q

The nature of a multinational company (MNC) is to invest capital in markets outside of the country in which it began its operations. Typically, this business activity is called foreign direct investment (FDI). For open economies to flourish, cross-border trade is essential. Another critical factor for successful international business is ICE-Q – a combination of three essential, durable skills: subject …

Are some cultures really less trusting than others?

Nobel laureate Kenneth Arrow once described trust as a “lubricant of a social system”. Economic exchange, in particular, is virtually impossible without at least some level of trust. While markets, shops and online traders attempt to reduce uncertainty through customer reviews or free returns policies, consumers have to decide for themselves whether to trust unknown trading partners calling themselves obscure …

Cosmopolitans, let’s keep reaching out! [The Culture Guy Podcast]

The Culture Guy pontificates about cosmopolitans, the signs of the times, and how four agreements will help you stand for who you are. We have been seeing a rise of nationalist, protectionist, or xenophobic tendencies across the world. The Culture Guy Podcast takes a look at the dilemma this creates for some of us. For those who live and work across cultural …

How do you deal with otherness?

Humanity is infested with a lethal disease. Fear of the foreign. Uneasiness with otherness. One could argue that during the last decade there has been a growing global trend of Xenophobia. Dealing with otherness appears to be really difficult for many. Years ago some people argued that globalization will alleviate the fear of what people perceive as foreign. Right now we are …