The Changing Geography of International Business Essay - 1

The Changing Geography of International Business - Essay Example The word ‘Latin America’ is used to explain the collection of 21 countries in the continent of South America. The language that is spoken is Latin. It has been observed that Latin America enjoys components of historical experience, culture and language. Latin America is an ethnically diverse region and is also deemed as a mounting political and economic force. The main languages that are spoken in this continent are Spanish, Portuguese and French. Conventionally, the Hispanic family is a cohesive group and the most vital social unit. They generally believe in extended family. It has been observed that in Latin cultures, the familial group is quite crucial. In a few of the Latin American countries, peasants might leave their workplaces during holidays so that they can meet their relatives in other parts of the country. They also tend to attend the funeral, weddings of their friends, or distant relatives. A manager may be faced with greater difficulties related to non-atte ndance impacting the workplace to a major extent. According to a study conducted by Geert Hofstede for Latin American countries, it was noted that there is high power distance in Latin America. In Latin America, the people in higher level of authority expect to gain respect from others and are familiar to make decisions without taking into consideration the viewpoints of their subordinates. Latin America has low individualism rate. In Latin America gender roles become quite different in comparison to the United States, men hold the greater authority.