By Petras Zibolis TAK-10

Culture Asia – predictions Asian culture East and West worlds

Culture is learned, we are not born with a culture;

We are born into culture Culture is dynamic and interactive

Asia could have 5 of the 10 biggest economies in the globe by 2050 (China, India, Japan, combined Indonesia and Korea)

China GDP is projected to overtake UK and Germany within a decade and Japan and US by 2045

India`s GDP is projected to overtake Italy, France, Germany and Japan in 3 decades.

Confucianism Etiquette Loyalty/ Family respect Benevolence towards groups

Role behaviour Power and status How rules are aplied Expressions of individuality

Who owns a company in asia is actually more important then what it actually does

More than 50% of all asian public listed companies are owned by one single shareholder who is a patron of a family

The importance of family control is often more important then providing high yield to shareholders

In UKEveryone tries to discourage the

owner by explaining how it

is going to fail

In USFriends put up their money for

the owner

In Hong KongAll family

works around the

clock to make the business a

success

In IndiaThe

administrative system will put up

monumental red tape

In Sri Lanka

Friends will ask

the owners to hire their

sons and nephews