Resource-transfer effects, employment effects, balance-of-payment effects, and effects on competition and economic growth are the major benefits a country receives from inward FDI.
What is the biggest question on your mind? It is most likely how to adapt quickly to the new country and what to expect there. We hope the following information will be helpful to you during this transition. Cultural differences usually include language, religion, political organization, customs and more.
One of the difficulties that many people have is dealing with the stereotypes of others.
For example, Americans are often seen as loud, immature, wasteful, informal, and ignorant - obviously this does not apply to ALL of them - and likewise for the stereotypes of other cultures. Read books, rent videotapes, check out web sites, and talk with colleagues, who've been there, and contact the embassy or consulate of that country.
These resources can give you good insight on the way of life in that country. Next, become familiar with the language spoken there and be aware of the familiar vs. Even a few basic phrases will be helpful.
There is a saying that goes, "Speaking someone's native language is the quickest way to their heart. Beware of hand gestures and get a feel for social customs. This can be crucial in a foreign environment.
For example, former President Clinton made the mistake of making the okay sign in Brazil a circle with the thumb and fore finger which is a profanity in their culture. A big faux pas that could have been easily avoided!
Another factor to consider when moving to another country is culture shock. According to Webster, culture shock is: A condition of anxiety and disorientation that can affect someone suddenly exposed to a new culture.
It's important to know that these feelings are pretty typical when adapting. After all, your way of life will be very different from what you're used to.
It can affect everything from diet to the clothing you wear or the side of the street you drive on. The following are some suggestions on how to get through culture shock: Visit the New Comers Club for more information.
Because your way of life will be so different, it's important to carefully consider the following for you and your family's safety: Familiarize yourself with the medical system available.
View travel warnings by clicking here. A new climate and foreign environment can be hard on the immune system. Click here for information on immunizations. Electronics If you're moving from the U.
You may find that the house you move into doesn't come with everything OR the kitchen sink. Appliances are often considered a renters or buyers personal purchase.
Because of different dimensions and requirements, these are better to be purchased on location, but be prepared for what is often a hefty price tag.
Luckily, there are a few things that you can transport and adapt without much trouble. Plug converters can be used with: Consumables When living overseas, finding the same readily available items may be difficult. You might want to stock up on the following list of coveted items for U. Most importantly, go through this experience with an open mind and expect things to be different - it's part of the charm!Cultural Adaptation.
Adapting to a new environment takes time and the pace of transition varies from person to person. The typical pattern of cultural adjustment often consists of distinct phases: Honeymoon, Crisis, Recovery, and Adjustment.
Notice that this cycle is then repeated upon re-entry to one's home country or culture of origin. Foreign direct investment (FDI) is a process whereby a company produces or markets a product in a foreign country through investments in facilities.
The host country is the country in which the foreign company invests. Beware of hand gestures and get a feel for social customs. Studies have determined that communication is based 55% on non-verbal acts such as facial expressions, gestures, etc.
This can be crucial in a foreign environment.
Some of the issues which govern the global socio-cultural environment is the understanding of the local culture and culturally sensitive issues, business practices and customs, local preferences, current state of political and legal environment, policies and attitude towards foreign owned companies in different countries and regions, etc.
Animation & Cartoons Arts & Music Community Video Computers & Technology Cultural & Academic Films Ephemeral Films Movies Understanding 9/11 News & Public Affairs Spirituality & Religion Sports Videos Television Videogame Videos Vlogs Youth Media.
Full-Text Paper (PDF): Ecotourism in New Zealand: Profiling visitors to New Zealand Ecotourism Operations For full functionality of ResearchGate it is necessary to .