The term ‘economics’ comes from the Ancient Greek oikos, which means ‘house’, and nomos, which stand for ‘custom’ or ‘law’. In other words, economics is really a social science about the ‘rules of the house’. Macroeconomics, microeconomics, business economics,...
The phrase ‘Trust but Verify’ was emphatically used by former US President, Ronald Reagan during his dialogues with Michael Gorbachev, then-leader of the Soviet Union. Reagan picked up the phrase from an American writer called Suzanne Massie, who told him that...
In terms of stereotyping the inhabitants of an entire nation, I can’t think of people who are more subject to be boxed in than Americans. I will leave the classic clichés aside as they do not provide any meaningful insight or are simply not true. However, I think it...
Are you a good driver? Do you do a decent job at the sport you like to play? Can you determine whether a joke is a good joke? Of course, it is all relative, because even if you think that you’re not particularly good at these things, surely it has crossed your mind...
Cultural Differences Between North and South America: The North is Not the South Well, of course, the north is not the south in any context, certainly not in terms of geography. In terms of doing business, none of us are really interested in geography and distance by...
