SlideShare a Scribd company logo
1 of 13
Download to read offline
CULTURE
AND
M
ONEY
T H
E
U
S
E
&
VA LU
E
O
F
M
O
N
E Y
C
H
A N
G
E S
W
I T H
I N
T H
E
C
U
LT U
R
A L
C
O
N
T E X T
Anuradha Mitra Ghemawat
DAY 13-14: 06-09 April 2018
Cultural Aspects of English-speaking Countries
2017-18 University of Barcelona
THE VALUE OF MONEY ACROSS CULTURES
• Money for Financial Stability
• Money to Spend
• Money to Save
• Money to ‘Waste’ or to spend ‘Frivolously’
MONEY: ‘’..anything that can be used ….. in exchange for goods of a certain ‘value’.’’
(James Tobin, American economist, 1918-2002)
Could we guess which English-speaking countries could be classified in the categories
above?
FAMILY AND MONEY
• Earning member: male or female
• Monthly Earnings: Who handles them?
• groceries & basic clothing: woman* e.g. Indian sub-continent (extended or
joint families)
• Major decisions: man/head of household*
• farm animals, equipment,
• education,
• weddings/ deaths/religious offerings)
§ Inheriting Property: African vs. Asian English-speaking countries
*mother, wife or eldest daughter, grandmother
*father, husband, eldest son, uncle, grandfather
OFFSPRING AND MONEY
Affluent cultures
• ‘pocket money’
• feeling of Entitlement
• Spending of Money:
• Usually personal/ consumer items
• Adult children usually NOT living
with parents
• Married/unmarried
Agricultural cultures (e.g. AFRICA)
Everyone contributes earnings to family
Younger members contribute in kind.
Spending of Money:
• Usually items for family structure
• rarely for personal items
• Adult children living with parents
•Married/unmarried
COUNTING BANKNOTES!!!
Cultural differences!!
How money is physically counted in
different countries
https://www.youtube.com/watch?v=g87H
Vlu55mQ
MONEY LAUNDERING & CORRUPTION
Global phenomenon but more prevalent in ‘developing’ countries
Can you name a few?
How has this phenomenon affected certain English-speaking countries?
Watch
http://www.businesspundit.com/10-most-notorious-money-laundering-cases-of-the-20th-century/9/
http://www.transparency.org/news/feature/corruption_in_africa_75_million_people_pay_bribes
Nigeria (Abacha ’93-’98), Liberia, Zimbabwe (Mugabe’s million$ 93rd
birthday party)
Nauru (world’s smallest republic – 2003 scandal),
Philippines (Pres. Marcos family), Indonesia (Pres. Suharto)
• Economic Development
• Political Development
• Financial stability
Ref: http://www.businesspundit.com/10-most-notorious-money-laundering-cases-of-the-20th-century/2/
CULTURE AND BUSINESS ETHICS
Every country has distinctive culture and different beliefs of what is
acceptable in terms of:
Bribery or Gift-giving
Money-laundering practices
Nepotism and Clientelism
Embezzlement and Fraud
CULTURE AND MONEY
1. Talking or asking about one's personal wealth, possessions
2. Enquiring about one’s salary or having discussions about how much others earn
§ Social norm OR
§ Vulgar invasion of one’s privacy?
3. Enquiring how successful one is in business
§ Openly talk about it at a social gathering OR
§ Reserved for close relations ONLY?
4. Talking publicly about sum of money spent at your daughter’s wedding/ son’s
puberty ceremony/ wedding anniversary party
§ sign of success OR
§ display of bad manners?
Which English-speaking countries do you guess fit (1) – (4) above?
MONEY DANCE
AFRICA: unique code of conduct reserved for weddings, christenings or funerals
http://africanweddingtraditions.com/wedding-reception-etiquette.html
Nigerian Money Dance: https://www.youtube.com/watch?v=PFoB9280Enc
Imo State (Nigeria): Traditional Wedding
https://www.youtube.com/watch?v=alKia492Sjc
INDIA/ PAKISTAN: wave money above heads of bride & bridegroom and then give to
strangers
Punjabi Money Dance https://www.youtube.com/watch?v=X6lh0njTlRk
Manipur Wedding blessings https://www.youtube.com/watch?v=djsaa1ND1Ds
HW6 DUE 13 APRIL 2018
How does YOUR culture affect YOUR money habits?
Read the article: http://womenintheblack.com.au/does-
culture-influence-your-money-habits/
Write a short (150 words) summary of its salient points.
Upload HW6: How does YOUR culture affect YOUR money
habits? on the interactive blog of this course.
Title of your HW: Last name, First name HW6
REFERENCES & BIBLIOGRAPHY
African Wedding Reception Etiquette and Activities. African Wedding Traditions (2010-2013).
http://africanweddingtraditions.com/wedding-reception-etiquette.html
Brooks, Leonard J. and Paul Dunn (2015). Business and Professional Ethics. Cengage Learning. USA: Stamford, CT
Corruption in Africa: 75 million people pay bribes. Transparency International, 30 Nov 2015.
http://www.transparency.org/news/feature/corruption_in_africa_75_million_people_pay_bribes
Crowley, Julia (11Aug2011). 10 most notorious money-laundering cases of the 20th century. Business
Pundithttp://www.businesspundit.com/10-most-notorious-money-laundering-cases-of-the-20th-century/9/
Fadiman, Jeffrey A. (1986). A Traveler’s guide to Gifts and Bribes. Harvard Business Review, July 1986. https://hbr.org/1986/07/a-
travelers-guide-to-gifts-and-bribes
Fallola, Toyin and Akanmu G. Adebayo (2000). Culture, Politics and Money among the Yoruba. Transaction Publishers, USA: New
Brunswick, NJ.
Ferrell, O.C., John Fraedrich and Linda Ferrell (2009). Business Ethics 2009 Update: Ethical Decision Making and Cases. USA: South
Western Cengage Learning (2009).
Gallego, Tamia (2012). Does Culture Influence your Money Habits? WITB: Women in the Black, Australia. 16 September
2012.http://womenintheblack.com.au/does-culture-influence-your-money-habits/
NAURU country profile: http://www.bbc.com/news/world-asia-pacific-15433616
Major Money-laundering country in the world (PHILIPPINES)http://www.manilatimes.net/major-money-laundering-country-in-the-
world/251947/
RAK (2009). How Money is Counted in Different Countries. YouTube.com. 08 March 2009.
https://www.youtube.com/watch?v=g87HVlu55mQ
Smits, CWD (2013). The Effect of Culture on the Implementation of Anti-Corruption Policies. Masters thesis, Public Administration.
Enschede, The Netherlands: University of Twente.
REFERENCES FOR IMAGES
MANJUL (2013)https://i1.wp.com/www.manjul.com/cartoons/wp-
content/uploads/2013/01/MANJUL_CARTOON_131112irr_diwali_laxmi_corrupti
on.jpg
Royston-Robertson. Cartoon Stock (2018).
https://www.cartoonstock.com/directory/b/bribing.asp
IN-CLASS WRITING: 06 APRIL 2018
Discuss in 200-250 words the salient points that you
learnt in one of the compulsory readings assigned to
you in this course.
• Storytelling in the Classroom
• Promoting Culture through Education
• Teaching Tolerance in the Classroom
• Student Activism as a Social Movement
• Gender Issues in the Language Classroom

More Related Content

What's hot

National cultural variables in business communication
National cultural variables in business communicationNational cultural variables in business communication
National cultural variables in business communicationhuma khan
 
S5 Cultural dynamics in assessing global markets
S5 Cultural dynamics in assessing global marketsS5 Cultural dynamics in assessing global markets
S5 Cultural dynamics in assessing global marketstatihernandez19
 
How culture Affect On Business Communication?
How culture Affect On Business Communication?How culture Affect On Business Communication?
How culture Affect On Business Communication?Rubel Islam
 
Primary research project
Primary research projectPrimary research project
Primary research projectKanika Dutt
 
Cross Cultural Sensitivity
Cross Cultural SensitivityCross Cultural Sensitivity
Cross Cultural SensitivityNicholas Saller
 
Effects of culture on business
Effects of culture on businessEffects of culture on business
Effects of culture on businessDOU End Muh Sunum
 
Migration Revision
Migration RevisionMigration Revision
Migration RevisionSHS Geog
 
Socio Cultural Environment in Global Marketing
Socio Cultural Environment in Global MarketingSocio Cultural Environment in Global Marketing
Socio Cultural Environment in Global Marketingvip1233
 
2008 Regional Report For Na Ffaa Seattle Conference 09262008
2008 Regional Report For Na Ffaa Seattle Conference 092620082008 Regional Report For Na Ffaa Seattle Conference 09262008
2008 Regional Report For Na Ffaa Seattle Conference 09262008radiantview
 
2015 Urban Extension Conference-The Culture of Personal Finance-05-15
2015 Urban Extension Conference-The Culture of Personal Finance-05-152015 Urban Extension Conference-The Culture of Personal Finance-05-15
2015 Urban Extension Conference-The Culture of Personal Finance-05-15Barbara O'Neill
 
Ballyhoura Presentation 2031 -Dr. Tony Lenehan
Ballyhoura Presentation 2031 -Dr. Tony Lenehan Ballyhoura Presentation 2031 -Dr. Tony Lenehan
Ballyhoura Presentation 2031 -Dr. Tony Lenehan BallyhouraCountry
 
AFCPE-FPA Webinar-The Culture of Personal Finance-08-14
AFCPE-FPA Webinar-The Culture of Personal Finance-08-14AFCPE-FPA Webinar-The Culture of Personal Finance-08-14
AFCPE-FPA Webinar-The Culture of Personal Finance-08-14Barbara O'Neill
 

What's hot (16)

National cultural variables in business communication
National cultural variables in business communicationNational cultural variables in business communication
National cultural variables in business communication
 
S5 Cultural dynamics in assessing global markets
S5 Cultural dynamics in assessing global marketsS5 Cultural dynamics in assessing global markets
S5 Cultural dynamics in assessing global markets
 
Diversity Target
Diversity TargetDiversity Target
Diversity Target
 
How culture Affect On Business Communication?
How culture Affect On Business Communication?How culture Affect On Business Communication?
How culture Affect On Business Communication?
 
Primary research project
Primary research projectPrimary research project
Primary research project
 
Cross Cultural Sensitivity
Cross Cultural SensitivityCross Cultural Sensitivity
Cross Cultural Sensitivity
 
Digital_Hope_Project
Digital_Hope_ProjectDigital_Hope_Project
Digital_Hope_Project
 
Effects of culture on business
Effects of culture on businessEffects of culture on business
Effects of culture on business
 
Migration Revision
Migration RevisionMigration Revision
Migration Revision
 
Socio Cultural Environment in Global Marketing
Socio Cultural Environment in Global MarketingSocio Cultural Environment in Global Marketing
Socio Cultural Environment in Global Marketing
 
2008 Regional Report For Na Ffaa Seattle Conference 09262008
2008 Regional Report For Na Ffaa Seattle Conference 092620082008 Regional Report For Na Ffaa Seattle Conference 09262008
2008 Regional Report For Na Ffaa Seattle Conference 09262008
 
Child labor
Child laborChild labor
Child labor
 
2015 Urban Extension Conference-The Culture of Personal Finance-05-15
2015 Urban Extension Conference-The Culture of Personal Finance-05-152015 Urban Extension Conference-The Culture of Personal Finance-05-15
2015 Urban Extension Conference-The Culture of Personal Finance-05-15
 
Midterm2021
Midterm2021Midterm2021
Midterm2021
 
Ballyhoura Presentation 2031 -Dr. Tony Lenehan
Ballyhoura Presentation 2031 -Dr. Tony Lenehan Ballyhoura Presentation 2031 -Dr. Tony Lenehan
Ballyhoura Presentation 2031 -Dr. Tony Lenehan
 
AFCPE-FPA Webinar-The Culture of Personal Finance-08-14
AFCPE-FPA Webinar-The Culture of Personal Finance-08-14AFCPE-FPA Webinar-The Culture of Personal Finance-08-14
AFCPE-FPA Webinar-The Culture of Personal Finance-08-14
 

Similar to Culture & Money: Univ. BCN class presentation

Experiencing diversity through the lens of culture and generatons march 23, 2...
Experiencing diversity through the lens of culture and generatons march 23, 2...Experiencing diversity through the lens of culture and generatons march 23, 2...
Experiencing diversity through the lens of culture and generatons march 23, 2...Julie Gahimer
 
INSIGHTYOUNG09-10 Indian youth trend report
INSIGHTYOUNG09-10 Indian youth trend reportINSIGHTYOUNG09-10 Indian youth trend report
INSIGHTYOUNG09-10 Indian youth trend reportkaustav sengupta
 
Global eyes magazine Summer Edition 2013
Global eyes magazine   Summer Edition 2013 Global eyes magazine   Summer Edition 2013
Global eyes magazine Summer Edition 2013 Beatrice Watson
 
Cultural Norms And Values Of Kazakhstan And Its People
Cultural Norms And Values Of Kazakhstan And Its PeopleCultural Norms And Values Of Kazakhstan And Its People
Cultural Norms And Values Of Kazakhstan And Its PeopleTina Jordan
 
1.You will provide a brief cultural write-up relating to Japan(2.docx
1.You will provide a brief cultural write-up relating to Japan(2.docx1.You will provide a brief cultural write-up relating to Japan(2.docx
1.You will provide a brief cultural write-up relating to Japan(2.docxcarlstromcurtis
 
How To Write A Speech In 3Rd Person - Coverletterpedia
How To Write A Speech In 3Rd Person - CoverletterpediaHow To Write A Speech In 3Rd Person - Coverletterpedia
How To Write A Speech In 3Rd Person - CoverletterpediaKatrina Duarte
 
Indigenous populations and disadvantaged entrepreneurs in ausralia and new ze...
Indigenous populations and disadvantaged entrepreneurs in ausralia and new ze...Indigenous populations and disadvantaged entrepreneurs in ausralia and new ze...
Indigenous populations and disadvantaged entrepreneurs in ausralia and new ze...Dr Lendy Spires
 

Similar to Culture & Money: Univ. BCN class presentation (13)

Experiencing diversity through the lens of culture and generatons march 23, 2...
Experiencing diversity through the lens of culture and generatons march 23, 2...Experiencing diversity through the lens of culture and generatons march 23, 2...
Experiencing diversity through the lens of culture and generatons march 23, 2...
 
INSIGHTYOUNG09-10 Indian youth trend report
INSIGHTYOUNG09-10 Indian youth trend reportINSIGHTYOUNG09-10 Indian youth trend report
INSIGHTYOUNG09-10 Indian youth trend report
 
4th Annual G.O.D. Awards Brochure
4th Annual G.O.D. Awards Brochure4th Annual G.O.D. Awards Brochure
4th Annual G.O.D. Awards Brochure
 
Global eyes magazine Summer Edition 2013
Global eyes magazine   Summer Edition 2013 Global eyes magazine   Summer Edition 2013
Global eyes magazine Summer Edition 2013
 
Chap 9
Chap 9Chap 9
Chap 9
 
Chap 9
Chap 9Chap 9
Chap 9
 
Cultural Norms And Values Of Kazakhstan And Its People
Cultural Norms And Values Of Kazakhstan And Its PeopleCultural Norms And Values Of Kazakhstan And Its People
Cultural Norms And Values Of Kazakhstan And Its People
 
The Inuktitut Culture
The Inuktitut CultureThe Inuktitut Culture
The Inuktitut Culture
 
1.You will provide a brief cultural write-up relating to Japan(2.docx
1.You will provide a brief cultural write-up relating to Japan(2.docx1.You will provide a brief cultural write-up relating to Japan(2.docx
1.You will provide a brief cultural write-up relating to Japan(2.docx
 
(2015) Canada 101 (25.4 MB)
(2015) Canada 101 (25.4 MB)(2015) Canada 101 (25.4 MB)
(2015) Canada 101 (25.4 MB)
 
Developing a Multicultural Curriculum
Developing a Multicultural CurriculumDeveloping a Multicultural Curriculum
Developing a Multicultural Curriculum
 
How To Write A Speech In 3Rd Person - Coverletterpedia
How To Write A Speech In 3Rd Person - CoverletterpediaHow To Write A Speech In 3Rd Person - Coverletterpedia
How To Write A Speech In 3Rd Person - Coverletterpedia
 
Indigenous populations and disadvantaged entrepreneurs in ausralia and new ze...
Indigenous populations and disadvantaged entrepreneurs in ausralia and new ze...Indigenous populations and disadvantaged entrepreneurs in ausralia and new ze...
Indigenous populations and disadvantaged entrepreneurs in ausralia and new ze...
 

More from mitra2015

Culture & Education: Univ. BCN class presentation
Culture & Education: Univ. BCN class presentationCulture & Education: Univ. BCN class presentation
Culture & Education: Univ. BCN class presentationmitra2015
 
Culture & Media: Univ. BCN class presentation
Culture & Media: Univ. BCN class presentationCulture & Media: Univ. BCN class presentation
Culture & Media: Univ. BCN class presentationmitra2015
 
Culture & Education: Univ. BCN class presentation
Culture & Education: Univ. BCN class presentationCulture & Education: Univ. BCN class presentation
Culture & Education: Univ. BCN class presentationmitra2015
 
Culture & Language: Univ. BCN class presentation
Culture & Language: Univ. BCN class presentationCulture & Language: Univ. BCN class presentation
Culture & Language: Univ. BCN class presentationmitra2015
 
Culture & Social Movements: Univ. BCN class presentation
Culture & Social Movements: Univ. BCN class presentationCulture & Social Movements: Univ. BCN class presentation
Culture & Social Movements: Univ. BCN class presentationmitra2015
 
Culture & Poetry: Univ. BCN class presentation
Culture & Poetry: Univ. BCN class presentationCulture & Poetry: Univ. BCN class presentation
Culture & Poetry: Univ. BCN class presentationmitra2015
 
Culture & Identity & Personality: Univ. BCN class presentation
Culture & Identity & Personality: Univ. BCN class presentationCulture & Identity & Personality: Univ. BCN class presentation
Culture & Identity & Personality: Univ. BCN class presentationmitra2015
 
Culture & Gender: Univ BCN class presentation
Culture & Gender: Univ BCN class presentationCulture & Gender: Univ BCN class presentation
Culture & Gender: Univ BCN class presentationmitra2015
 
Culture & Storytelling: Univ. BCN class presentation
Culture & Storytelling: Univ. BCN class presentationCulture & Storytelling: Univ. BCN class presentation
Culture & Storytelling: Univ. BCN class presentationmitra2015
 
Culture & Dynastic Politics: Univ. BCN class presentation
Culture & Dynastic Politics: Univ. BCN class presentationCulture & Dynastic Politics: Univ. BCN class presentation
Culture & Dynastic Politics: Univ. BCN class presentationmitra2015
 

More from mitra2015 (10)

Culture & Education: Univ. BCN class presentation
Culture & Education: Univ. BCN class presentationCulture & Education: Univ. BCN class presentation
Culture & Education: Univ. BCN class presentation
 
Culture & Media: Univ. BCN class presentation
Culture & Media: Univ. BCN class presentationCulture & Media: Univ. BCN class presentation
Culture & Media: Univ. BCN class presentation
 
Culture & Education: Univ. BCN class presentation
Culture & Education: Univ. BCN class presentationCulture & Education: Univ. BCN class presentation
Culture & Education: Univ. BCN class presentation
 
Culture & Language: Univ. BCN class presentation
Culture & Language: Univ. BCN class presentationCulture & Language: Univ. BCN class presentation
Culture & Language: Univ. BCN class presentation
 
Culture & Social Movements: Univ. BCN class presentation
Culture & Social Movements: Univ. BCN class presentationCulture & Social Movements: Univ. BCN class presentation
Culture & Social Movements: Univ. BCN class presentation
 
Culture & Poetry: Univ. BCN class presentation
Culture & Poetry: Univ. BCN class presentationCulture & Poetry: Univ. BCN class presentation
Culture & Poetry: Univ. BCN class presentation
 
Culture & Identity & Personality: Univ. BCN class presentation
Culture & Identity & Personality: Univ. BCN class presentationCulture & Identity & Personality: Univ. BCN class presentation
Culture & Identity & Personality: Univ. BCN class presentation
 
Culture & Gender: Univ BCN class presentation
Culture & Gender: Univ BCN class presentationCulture & Gender: Univ BCN class presentation
Culture & Gender: Univ BCN class presentation
 
Culture & Storytelling: Univ. BCN class presentation
Culture & Storytelling: Univ. BCN class presentationCulture & Storytelling: Univ. BCN class presentation
Culture & Storytelling: Univ. BCN class presentation
 
Culture & Dynastic Politics: Univ. BCN class presentation
Culture & Dynastic Politics: Univ. BCN class presentationCulture & Dynastic Politics: Univ. BCN class presentation
Culture & Dynastic Politics: Univ. BCN class presentation
 

Recently uploaded

Procuring digital preservation CAN be quick and painless with our new dynamic...
Procuring digital preservation CAN be quick and painless with our new dynamic...Procuring digital preservation CAN be quick and painless with our new dynamic...
Procuring digital preservation CAN be quick and painless with our new dynamic...Jisc
 
Crayon Activity Handout For the Crayon A
Crayon Activity Handout For the Crayon ACrayon Activity Handout For the Crayon A
Crayon Activity Handout For the Crayon AUnboundStockton
 
Framing an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdf
Framing an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdfFraming an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdf
Framing an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdfUjwalaBharambe
 
Planning a health career 4th Quarter.pptx
Planning a health career 4th Quarter.pptxPlanning a health career 4th Quarter.pptx
Planning a health career 4th Quarter.pptxLigayaBacuel1
 
Atmosphere science 7 quarter 4 .........
Atmosphere science 7 quarter 4 .........Atmosphere science 7 quarter 4 .........
Atmosphere science 7 quarter 4 .........LeaCamillePacle
 
How to do quick user assign in kanban in Odoo 17 ERP
How to do quick user assign in kanban in Odoo 17 ERPHow to do quick user assign in kanban in Odoo 17 ERP
How to do quick user assign in kanban in Odoo 17 ERPCeline George
 
AMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdf
AMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdfAMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdf
AMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdfphamnguyenenglishnb
 
DATA STRUCTURE AND ALGORITHM for beginners
DATA STRUCTURE AND ALGORITHM for beginnersDATA STRUCTURE AND ALGORITHM for beginners
DATA STRUCTURE AND ALGORITHM for beginnersSabitha Banu
 
Solving Puzzles Benefits Everyone (English).pptx
Solving Puzzles Benefits Everyone (English).pptxSolving Puzzles Benefits Everyone (English).pptx
Solving Puzzles Benefits Everyone (English).pptxOH TEIK BIN
 
Introduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxIntroduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxpboyjonauth
 
What is Model Inheritance in Odoo 17 ERP
What is Model Inheritance in Odoo 17 ERPWhat is Model Inheritance in Odoo 17 ERP
What is Model Inheritance in Odoo 17 ERPCeline George
 
ENGLISH6-Q4-W3.pptxqurter our high choom
ENGLISH6-Q4-W3.pptxqurter our high choomENGLISH6-Q4-W3.pptxqurter our high choom
ENGLISH6-Q4-W3.pptxqurter our high choomnelietumpap1
 
Roles & Responsibilities in Pharmacovigilance
Roles & Responsibilities in PharmacovigilanceRoles & Responsibilities in Pharmacovigilance
Roles & Responsibilities in PharmacovigilanceSamikshaHamane
 
Alper Gobel In Media Res Media Component
Alper Gobel In Media Res Media ComponentAlper Gobel In Media Res Media Component
Alper Gobel In Media Res Media ComponentInMediaRes1
 
Difference Between Search & Browse Methods in Odoo 17
Difference Between Search & Browse Methods in Odoo 17Difference Between Search & Browse Methods in Odoo 17
Difference Between Search & Browse Methods in Odoo 17Celine George
 
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️9953056974 Low Rate Call Girls In Saket, Delhi NCR
 
HỌC TỐT TIẾNG ANH 11 THEO CHƯƠNG TRÌNH GLOBAL SUCCESS ĐÁP ÁN CHI TIẾT - CẢ NĂ...
HỌC TỐT TIẾNG ANH 11 THEO CHƯƠNG TRÌNH GLOBAL SUCCESS ĐÁP ÁN CHI TIẾT - CẢ NĂ...HỌC TỐT TIẾNG ANH 11 THEO CHƯƠNG TRÌNH GLOBAL SUCCESS ĐÁP ÁN CHI TIẾT - CẢ NĂ...
HỌC TỐT TIẾNG ANH 11 THEO CHƯƠNG TRÌNH GLOBAL SUCCESS ĐÁP ÁN CHI TIẾT - CẢ NĂ...Nguyen Thanh Tu Collection
 
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPTECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPTiammrhaywood
 
Quarter 4 Peace-education.pptx Catch Up Friday
Quarter 4 Peace-education.pptx Catch Up FridayQuarter 4 Peace-education.pptx Catch Up Friday
Quarter 4 Peace-education.pptx Catch Up FridayMakMakNepo
 

Recently uploaded (20)

Procuring digital preservation CAN be quick and painless with our new dynamic...
Procuring digital preservation CAN be quick and painless with our new dynamic...Procuring digital preservation CAN be quick and painless with our new dynamic...
Procuring digital preservation CAN be quick and painless with our new dynamic...
 
Crayon Activity Handout For the Crayon A
Crayon Activity Handout For the Crayon ACrayon Activity Handout For the Crayon A
Crayon Activity Handout For the Crayon A
 
Framing an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdf
Framing an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdfFraming an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdf
Framing an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdf
 
Planning a health career 4th Quarter.pptx
Planning a health career 4th Quarter.pptxPlanning a health career 4th Quarter.pptx
Planning a health career 4th Quarter.pptx
 
Atmosphere science 7 quarter 4 .........
Atmosphere science 7 quarter 4 .........Atmosphere science 7 quarter 4 .........
Atmosphere science 7 quarter 4 .........
 
How to do quick user assign in kanban in Odoo 17 ERP
How to do quick user assign in kanban in Odoo 17 ERPHow to do quick user assign in kanban in Odoo 17 ERP
How to do quick user assign in kanban in Odoo 17 ERP
 
9953330565 Low Rate Call Girls In Rohini Delhi NCR
9953330565 Low Rate Call Girls In Rohini  Delhi NCR9953330565 Low Rate Call Girls In Rohini  Delhi NCR
9953330565 Low Rate Call Girls In Rohini Delhi NCR
 
AMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdf
AMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdfAMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdf
AMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdf
 
DATA STRUCTURE AND ALGORITHM for beginners
DATA STRUCTURE AND ALGORITHM for beginnersDATA STRUCTURE AND ALGORITHM for beginners
DATA STRUCTURE AND ALGORITHM for beginners
 
Solving Puzzles Benefits Everyone (English).pptx
Solving Puzzles Benefits Everyone (English).pptxSolving Puzzles Benefits Everyone (English).pptx
Solving Puzzles Benefits Everyone (English).pptx
 
Introduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxIntroduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptx
 
What is Model Inheritance in Odoo 17 ERP
What is Model Inheritance in Odoo 17 ERPWhat is Model Inheritance in Odoo 17 ERP
What is Model Inheritance in Odoo 17 ERP
 
ENGLISH6-Q4-W3.pptxqurter our high choom
ENGLISH6-Q4-W3.pptxqurter our high choomENGLISH6-Q4-W3.pptxqurter our high choom
ENGLISH6-Q4-W3.pptxqurter our high choom
 
Roles & Responsibilities in Pharmacovigilance
Roles & Responsibilities in PharmacovigilanceRoles & Responsibilities in Pharmacovigilance
Roles & Responsibilities in Pharmacovigilance
 
Alper Gobel In Media Res Media Component
Alper Gobel In Media Res Media ComponentAlper Gobel In Media Res Media Component
Alper Gobel In Media Res Media Component
 
Difference Between Search & Browse Methods in Odoo 17
Difference Between Search & Browse Methods in Odoo 17Difference Between Search & Browse Methods in Odoo 17
Difference Between Search & Browse Methods in Odoo 17
 
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
 
HỌC TỐT TIẾNG ANH 11 THEO CHƯƠNG TRÌNH GLOBAL SUCCESS ĐÁP ÁN CHI TIẾT - CẢ NĂ...
HỌC TỐT TIẾNG ANH 11 THEO CHƯƠNG TRÌNH GLOBAL SUCCESS ĐÁP ÁN CHI TIẾT - CẢ NĂ...HỌC TỐT TIẾNG ANH 11 THEO CHƯƠNG TRÌNH GLOBAL SUCCESS ĐÁP ÁN CHI TIẾT - CẢ NĂ...
HỌC TỐT TIẾNG ANH 11 THEO CHƯƠNG TRÌNH GLOBAL SUCCESS ĐÁP ÁN CHI TIẾT - CẢ NĂ...
 
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPTECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
 
Quarter 4 Peace-education.pptx Catch Up Friday
Quarter 4 Peace-education.pptx Catch Up FridayQuarter 4 Peace-education.pptx Catch Up Friday
Quarter 4 Peace-education.pptx Catch Up Friday
 

Culture & Money: Univ. BCN class presentation

  • 1. CULTURE AND M ONEY T H E U S E & VA LU E O F M O N E Y C H A N G E S W I T H I N T H E C U LT U R A L C O N T E X T Anuradha Mitra Ghemawat DAY 13-14: 06-09 April 2018 Cultural Aspects of English-speaking Countries 2017-18 University of Barcelona
  • 2. THE VALUE OF MONEY ACROSS CULTURES • Money for Financial Stability • Money to Spend • Money to Save • Money to ‘Waste’ or to spend ‘Frivolously’ MONEY: ‘’..anything that can be used ….. in exchange for goods of a certain ‘value’.’’ (James Tobin, American economist, 1918-2002) Could we guess which English-speaking countries could be classified in the categories above?
  • 3. FAMILY AND MONEY • Earning member: male or female • Monthly Earnings: Who handles them? • groceries & basic clothing: woman* e.g. Indian sub-continent (extended or joint families) • Major decisions: man/head of household* • farm animals, equipment, • education, • weddings/ deaths/religious offerings) § Inheriting Property: African vs. Asian English-speaking countries *mother, wife or eldest daughter, grandmother *father, husband, eldest son, uncle, grandfather
  • 4. OFFSPRING AND MONEY Affluent cultures • ‘pocket money’ • feeling of Entitlement • Spending of Money: • Usually personal/ consumer items • Adult children usually NOT living with parents • Married/unmarried Agricultural cultures (e.g. AFRICA) Everyone contributes earnings to family Younger members contribute in kind. Spending of Money: • Usually items for family structure • rarely for personal items • Adult children living with parents •Married/unmarried
  • 5. COUNTING BANKNOTES!!! Cultural differences!! How money is physically counted in different countries https://www.youtube.com/watch?v=g87H Vlu55mQ
  • 6. MONEY LAUNDERING & CORRUPTION Global phenomenon but more prevalent in ‘developing’ countries Can you name a few? How has this phenomenon affected certain English-speaking countries? Watch http://www.businesspundit.com/10-most-notorious-money-laundering-cases-of-the-20th-century/9/ http://www.transparency.org/news/feature/corruption_in_africa_75_million_people_pay_bribes Nigeria (Abacha ’93-’98), Liberia, Zimbabwe (Mugabe’s million$ 93rd birthday party) Nauru (world’s smallest republic – 2003 scandal), Philippines (Pres. Marcos family), Indonesia (Pres. Suharto) • Economic Development • Political Development • Financial stability Ref: http://www.businesspundit.com/10-most-notorious-money-laundering-cases-of-the-20th-century/2/
  • 7. CULTURE AND BUSINESS ETHICS Every country has distinctive culture and different beliefs of what is acceptable in terms of: Bribery or Gift-giving Money-laundering practices Nepotism and Clientelism Embezzlement and Fraud
  • 8. CULTURE AND MONEY 1. Talking or asking about one's personal wealth, possessions 2. Enquiring about one’s salary or having discussions about how much others earn § Social norm OR § Vulgar invasion of one’s privacy? 3. Enquiring how successful one is in business § Openly talk about it at a social gathering OR § Reserved for close relations ONLY? 4. Talking publicly about sum of money spent at your daughter’s wedding/ son’s puberty ceremony/ wedding anniversary party § sign of success OR § display of bad manners? Which English-speaking countries do you guess fit (1) – (4) above?
  • 9. MONEY DANCE AFRICA: unique code of conduct reserved for weddings, christenings or funerals http://africanweddingtraditions.com/wedding-reception-etiquette.html Nigerian Money Dance: https://www.youtube.com/watch?v=PFoB9280Enc Imo State (Nigeria): Traditional Wedding https://www.youtube.com/watch?v=alKia492Sjc INDIA/ PAKISTAN: wave money above heads of bride & bridegroom and then give to strangers Punjabi Money Dance https://www.youtube.com/watch?v=X6lh0njTlRk Manipur Wedding blessings https://www.youtube.com/watch?v=djsaa1ND1Ds
  • 10. HW6 DUE 13 APRIL 2018 How does YOUR culture affect YOUR money habits? Read the article: http://womenintheblack.com.au/does- culture-influence-your-money-habits/ Write a short (150 words) summary of its salient points. Upload HW6: How does YOUR culture affect YOUR money habits? on the interactive blog of this course. Title of your HW: Last name, First name HW6
  • 11. REFERENCES & BIBLIOGRAPHY African Wedding Reception Etiquette and Activities. African Wedding Traditions (2010-2013). http://africanweddingtraditions.com/wedding-reception-etiquette.html Brooks, Leonard J. and Paul Dunn (2015). Business and Professional Ethics. Cengage Learning. USA: Stamford, CT Corruption in Africa: 75 million people pay bribes. Transparency International, 30 Nov 2015. http://www.transparency.org/news/feature/corruption_in_africa_75_million_people_pay_bribes Crowley, Julia (11Aug2011). 10 most notorious money-laundering cases of the 20th century. Business Pundithttp://www.businesspundit.com/10-most-notorious-money-laundering-cases-of-the-20th-century/9/ Fadiman, Jeffrey A. (1986). A Traveler’s guide to Gifts and Bribes. Harvard Business Review, July 1986. https://hbr.org/1986/07/a- travelers-guide-to-gifts-and-bribes Fallola, Toyin and Akanmu G. Adebayo (2000). Culture, Politics and Money among the Yoruba. Transaction Publishers, USA: New Brunswick, NJ. Ferrell, O.C., John Fraedrich and Linda Ferrell (2009). Business Ethics 2009 Update: Ethical Decision Making and Cases. USA: South Western Cengage Learning (2009). Gallego, Tamia (2012). Does Culture Influence your Money Habits? WITB: Women in the Black, Australia. 16 September 2012.http://womenintheblack.com.au/does-culture-influence-your-money-habits/ NAURU country profile: http://www.bbc.com/news/world-asia-pacific-15433616 Major Money-laundering country in the world (PHILIPPINES)http://www.manilatimes.net/major-money-laundering-country-in-the- world/251947/ RAK (2009). How Money is Counted in Different Countries. YouTube.com. 08 March 2009. https://www.youtube.com/watch?v=g87HVlu55mQ Smits, CWD (2013). The Effect of Culture on the Implementation of Anti-Corruption Policies. Masters thesis, Public Administration. Enschede, The Netherlands: University of Twente.
  • 12. REFERENCES FOR IMAGES MANJUL (2013)https://i1.wp.com/www.manjul.com/cartoons/wp- content/uploads/2013/01/MANJUL_CARTOON_131112irr_diwali_laxmi_corrupti on.jpg Royston-Robertson. Cartoon Stock (2018). https://www.cartoonstock.com/directory/b/bribing.asp
  • 13. IN-CLASS WRITING: 06 APRIL 2018 Discuss in 200-250 words the salient points that you learnt in one of the compulsory readings assigned to you in this course. • Storytelling in the Classroom • Promoting Culture through Education • Teaching Tolerance in the Classroom • Student Activism as a Social Movement • Gender Issues in the Language Classroom