Critical Reflection of the U.S. Subprime-crisis' origin by using Hofstede´s theory of cultural dimensions

Nonfiction, Reference & Language, Language Arts, Communication
Cover of the book Critical Reflection of the U.S. Subprime-crisis' origin by using Hofstede´s theory of cultural dimensions by Pascal Naue, Oliver Möller, GRIN Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Pascal Naue, Oliver Möller ISBN: 9783640670116
Publisher: GRIN Publishing Publication: July 27, 2010
Imprint: GRIN Publishing Language: English
Author: Pascal Naue, Oliver Möller
ISBN: 9783640670116
Publisher: GRIN Publishing
Publication: July 27, 2010
Imprint: GRIN Publishing
Language: English

Seminar paper from the year 2009 in the subject Communications - Intercultural Communication, grade: 1,7, University of Applied Sciences Essen, language: English, abstract: Many existing explanation attempts generally deal with the question: What has caused the Subprime-crisis ? However none of them tries to explain why the crisis originated particularly in the United States. This paper has the general objective to critically reflect the reasons why the Subprime-crisis originated specifically on the American real estate market and delivers a different approach to the inherent question. The reflection is based on the cultural studies of Geert Hofstede and his concept of the four cultural dimensions. Due to formal restric-tions concerning the length of this paper the focus lies on two of the four cultural di-mensions : The dimension individualism vs. collectivism and the uncertainty avoidance dimension. To allow a transfer of this theory into practice, it is necessary to reach a common under-standing of both perspectives. Therefore the paper is separated into a theoretical and a practical part: The objective of the theoretical part is to comprehend and represent the theory and characteristics which Geert Hofstede identified and assigned to the selected cultural dimensions. The practical objective is to apply the theory to real events by examining concrete ex-amples. By demonstrating the extent of the chosen characteristics in the American cul-ture, the paper develops a possible explanation for the reasons that led to the origin of the credit crisis in the USA. For a better understanding of the course of this practical examination, it is carried out in two separate parts: the first part critically represents the selected cultural dimensions in the USA, whereas the second part creates a common understanding of the Subprime-crisis and concludes the ideas of the first part with direct reference to the crisis. To guar-antee objectivity both parts are critically commented on at the end of each section by summarising the critical points in regard to the concepts of Hofstede

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Seminar paper from the year 2009 in the subject Communications - Intercultural Communication, grade: 1,7, University of Applied Sciences Essen, language: English, abstract: Many existing explanation attempts generally deal with the question: What has caused the Subprime-crisis ? However none of them tries to explain why the crisis originated particularly in the United States. This paper has the general objective to critically reflect the reasons why the Subprime-crisis originated specifically on the American real estate market and delivers a different approach to the inherent question. The reflection is based on the cultural studies of Geert Hofstede and his concept of the four cultural dimensions. Due to formal restric-tions concerning the length of this paper the focus lies on two of the four cultural di-mensions : The dimension individualism vs. collectivism and the uncertainty avoidance dimension. To allow a transfer of this theory into practice, it is necessary to reach a common under-standing of both perspectives. Therefore the paper is separated into a theoretical and a practical part: The objective of the theoretical part is to comprehend and represent the theory and characteristics which Geert Hofstede identified and assigned to the selected cultural dimensions. The practical objective is to apply the theory to real events by examining concrete ex-amples. By demonstrating the extent of the chosen characteristics in the American cul-ture, the paper develops a possible explanation for the reasons that led to the origin of the credit crisis in the USA. For a better understanding of the course of this practical examination, it is carried out in two separate parts: the first part critically represents the selected cultural dimensions in the USA, whereas the second part creates a common understanding of the Subprime-crisis and concludes the ideas of the first part with direct reference to the crisis. To guar-antee objectivity both parts are critically commented on at the end of each section by summarising the critical points in regard to the concepts of Hofstede

More books from GRIN Publishing

Cover of the book In a mere of 20 years the Spaniards were forced out from the Latin American continent ant the different colonies gained their independence. How could this happen? by Pascal Naue, Oliver Möller
Cover of the book Who Killed Willy Loman? An Investigation into Arthur Miller's 'Death of a Salesman' by Pascal Naue, Oliver Möller
Cover of the book A Troika of perceptions. The influence of Bush, Powell and Rumsfeld on the Creation of the USA Patriot Act of 2001 by Pascal Naue, Oliver Möller
Cover of the book Business of Restaurants by Pascal Naue, Oliver Möller
Cover of the book Discretionary Arrests by Pascal Naue, Oliver Möller
Cover of the book Translation problems in reference to thought and reality by Pascal Naue, Oliver Möller
Cover of the book Transition Process and Strategic Develpoment of Opavia-Lu by Pascal Naue, Oliver Möller
Cover of the book The Impact of Arab World Satellite Television on the Democratisation Process in the MENA States by Pascal Naue, Oliver Möller
Cover of the book Environmental Risk Management - Strategic tool or PR-technique? by Pascal Naue, Oliver Möller
Cover of the book The Lemon. The History and Effects of this Citrus Fruit by Pascal Naue, Oliver Möller
Cover of the book Fabianism and Fabianist Morals in G.B. Shaw's Widowers' Houses, Arms and the Man and The Devil's Disciple by Pascal Naue, Oliver Möller
Cover of the book Cultural Imperialism by Pascal Naue, Oliver Möller
Cover of the book Language Endangerment in Nigeria. The Case of Yoruba by Pascal Naue, Oliver Möller
Cover of the book Melville's Captain Ahab as a Literary Antitype by Pascal Naue, Oliver Möller
Cover of the book Male Rape in South African Prisons by Pascal Naue, Oliver Möller
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy