International Business: The New Realities, 5th Edition

Education

Cultural values, ideas, beliefs, traditions, and attitudes are passed from one generation to the next through education. Education takes place in many ways, especially through lessons and behavior acquired from parents, family, and peers; participation in groups (social, business, and religious); and formal schooling. In most countries, academic education usually occurs through schooling. Available talent and skill base of a region or country influences where corporations will locate international ventures such as factories or call centers. Better-educated locations tend to attract higher paying and higher skilled positions such as outsourced call centers and accounting functions. Literacy, the ability to read, is an important indicator ...