1. What are institutional voids? What effects do institutional voids have on how business is conducted in societies?
2. Discuss three of Hofstede’s national culture dimensions. What are some of the implications of these dimensions for international business?
3. What is business culture? Does national culture affect business culture? Discuss some implications of national culture for business culture.
4. Discuss the main types of economic system prevalent in emerging markets. How do they affect the conduct of international business in such markets?
5. Discuss some of the major legal systems that exist around the world. What are some of the most important differences between common and civil law?

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1 A market or country is said to be experiencing institutional voids if it lacks intermediaries such as credit card systems and research firms to connect buyers and sellers Institutional voids are the... View the full answer