Identify the business and economic implications of differences in culture.

Learning Goal: I’m working on a international trade discussion question and need an explanation and answer to help me learn.
3.1 Learning Outcomes:
Understand how the political, economic and legal systems of countries differ.
Explain the implications for management practice of national differences in political economy.
Identify the forces that lead to differences in social culture.
Identify the business and economic implications of differences in culture.

3.2 Action Required:
Watch the video using the following link:
https://www.ted.com/talks/eric_x_li_a_tale_of_two_…

3.3 Test your Knowledge (Question):
Discuss the determinants of culture.

3.4 Instructions
Students are to answer the given question in Discussion Board.
your answers should not exceed 120 words

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