Influence Of Religion On International Trade Essay

Introduction Today’s world economy is changing drastically and as a result trade between countries is emerging. International business is constantly growing. Culture has proven to have a huge influence on trade. Religion can be defined as a system of shared beliefs and rituals that are concerned with the realm of the sacred. Religion is a system that guides people’s behaviors and influence them in the way they interact with other people and the world. Religion is one important source of a society s beliefs, attitudes, and values. It teaches people how to develop qualities such as love, peace, long-suffering, kindness, and goodness. Those qualities make them an asset to society. Religion practices also affect the way one’s can do businesses (e.g. in Europe during the Catholic holidays many days are close for business). This research paper will discuss the influence of religion on international trade and also the impact that most influential religions such as Christianity, Hind uism, Judaism, Buddhism, and Islam have on trade. Religion has a significant role international trade. It set fundamental principles and values which govern the way its adherent behave and influence their daily decisions. Examples abound of religious tenets, holidays, and practices directly impacting the way people of different faiths react to global marketing and advertising activities (Keegan Green, 2008). Religious beliefs can impact world trade in many ways. People sharing the same religiousShow MoreRelatedWhat ´s Psychic Distance? Essay1518 Words   |  7 PagesAmbos, 2010, p. 195) and therefore has an impact on the success of internationalizing. There are several factors that make up psychic distance. 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