According to geert hofstede, who has spent a lifetime studying differences in cultures, the chinese have a long-term orientation, meaning they are patient savers and are willing to forgo things today, for a better future. americans typically have a short-term orientation. they prefer more instant gratification and are not as willing to save for the future. this difference in values between the chinese and americans is a attribute that may represent a challenge in future global trade.

Why would nations in latin america be part of a mostly arab cartel group known as opec? a) latin america refused to do business with countries that were not part of opec. eliminate b) natural resources such as oil are a major economic development for some latin american countries. c) latin america has a long history of distrust of the united states and fears a take-over of oil fields. d) latin american nations such as venezuela needed in getting natural resources to other parts of the world. 15