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Economic distance versus cultural distance

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Do you feel that "economic distance" is a stronger or weaker determinant of foreign market entry timing than is the "cultural distance"?

Why?

Definitions:

Economic distance is the level of economic development of the host country relative to that of the home country

Cultural distance is the level of differences in terms of tastes, values, ethics, etc. of the host country relative to that of the home country

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Solution Preview

I feel that economic distance is a stronger determinant of foreign market entry timing that the "cultural distance" because cultural distance will relatively remain stable over a long period of time, but economic distance will change at a rapid ...

Solution Summary

Do you feel that "economic distance" is a stronger or weaker determinant of foreign market entry timing than is the "cultural distance" is determined.

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