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The cultural and market dimensions between the USA and China - Assignment Example

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The cultural and market dimensions between the USA and China

The main objective of making an investigation includes the exploration of the association between the cultural traits and economic developments the USA and China observe at the international scale. While elaborating the first dimension i.e. power distance, it becomes evident that the USA looks carrying 40 points in respect of power distance, while China maintains 80 in the same dimension; which manifestly indicates that the people of China observe imperative divergence in the cultural hierarchy as well as business and financial positions, in comparison with the Americans, where the latter have obtained less financial and status differences within the social hierarchy than their Chinese counterparts. Consequently, the status consciousness and conflict on the basis of social and financial positions are far lesser among the Americans than among the people of Far East growing economic giant i.e. China. While discussing the second of the Hofstede’s cultural dimensions i.e. individuality vs. collectivity, one comes to know that the USA contains 91 points in individuality; on the other hand, China carries just 20 points in the same index. As a result, the American subjects appear to be far more interested in individual achievements and independence in comparison with their Chinese counterparts, and hence seem to be making hard efforts to observe accomplishments while embarking upon their national and international business and financial ventures subsequently for the sake of witnessing individual

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rison with their Chinese counterparts, and hence seem to be making hard efforts to observe accomplishments while embarking upon their national and international business and financial ventures subsequently for the sake of witnessing individual progress in life. On the contrary, the Chinese pay due heed to collectivism, instead of individualism, and enter into long term friendships, partnerships and personal and familial associations with their fellow citizens on the one side and the overseas business partners and friends on the other. Hence, the concept of personal relationships and collectivism appear to be in significant wane in the USA in comparison with China. Figure 2 China vs. USA: Individuality China vs. USA: Masculinity/Femininity: Third dimension of the cultural index under-investigation reflects the masculinity/ femininity existing within the cultural context of the world nations at large. Here, according to the Hofstede’s index, masculinity stands for the level of aggression, competition and achievements, while, while femininity reflects the compassion, care and meekness actually the people observe in their everyday life. The index points out that the Chinese lead the Americans in aggression, assertiveness, decision-making and embarking upon competition by obtaining 66 points; on the other side, the US people appear to be more compassionate and caring than the Chinese in their collective life by carrying 62 points. However, the countries do not observe great difference between them with regards to the Hofstede’s masculinity/femininity dimension. Figure 3 China vs. USA: Masculinity/Femininity China vs. USA: Uncertainty Avoidance Similarly, the fourth dimension of the Hofstede’s Index explains the magnitude of uncertainty avoidance the nations maintain
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Summary

The present paper looks for making the comparative analysis of the cultural and market dimensions between the USA and China, the two opposite and rival societies existing in quite divergent regions of the world, in the light of the cultural index articulated by Dr. Geert Hofstede by 1973…
Author : westalexys
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