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Exam1_SG - Intro of Euro and formation of EU • EU o 27...

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Unformatted text preview: Intro of Euro and formation of EU • EU o 27 Nations (originally 13) o No trade barriers o Regional central bank (Frankfort, Germany) o Won’t let just anyone in UK is member, but didn’t adopt Euro Switzerland not a member Turkey and Russia want to be members Greece was rejected at first, but now is member o In a recession now (16 million people unemployed) Looking for Germany to bail them out • Euro o Unified currency o $1.45 o National symbols on one side (symbolize openness) Germany: Brandenburg Gate and Eagle France: the Marianne and the sower o Don’t have to worry about exchange rates o Makes it able to compete with the US and Japan Hofstede’s dimensions • Power distance o The extent to which less powerful members of institutions accept that power is distributed unequally o *Difference between the haves and the have-nots Lavish lifestyle vs. living in squalor Everyone has the same opportunity, not necessarily the same amount o High power distance Blindly obey order of superiors Large number of supervisors Encourage and promote inequality Hierarchical organizational structures o Low power distance Decentralized decision making Small number of supervisors Flat organizational structures • Uncertainty avoidance o The extent to which people feel threatened by ambiguous situations...
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Exam1_SG - Intro of Euro and formation of EU • EU o 27...

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