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Essay / Cultural dimension and economic system in Haiti
Table of contentsIntroductionBodyImpact on the informal economy of HaitiConclusionIntroductionHaiti is a developing economy and Haiti's GDP was estimated at USD 9.66 billion in 2018 (Trading Economics, 2020) . The country's GDP has been boosted by the informal economy, with the majority of businesses investing in the formal economy. On the other hand, the informal economy has been impacted on cultural dimensions in Haiti. There are six cultural dimensions: power distance, individualism versus collectivism, masculinity versus femininity, uncertainty avoidance, long/short term orientation, and indulgence versus restraint. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”?Get the original essayBody distance measures the degree to which less powerful members of society have accepted and expected there is an equal distribution of power. In Haiti, the power distance is very low because people are not extremely power hungry (Haitian Travel Guide, . Individualism vs collectivism is another cultural dimension in which individualism measures culture based on the ability of individuals to take care of themselves while collectivism is based on the societal views of individuals. In Haiti, the county is a family country where the population relies on the orientations and decisions of the family For masculinity by. In relation to femininity, masculinity involves society's preference towards achieving material reward determining success, but femininity involves cooperation and caring for the weak within society (in Haiti, the situation. economic of the region shows that the majority of individuals are gentle people Femininity describes Haiti because there is a strong concern of society to help Uncertainty avoidance involves the degree to which members of society are. feel uncomfortable due to the ambiguity and uncertainty in the policies developed. For Haiti, there is no certainty in the way they carry out their activities and there are no long-term plans and policies likely to improve the quality of life of the population. On the other hand, long-term orientation is about pursuing virtue while short-term orientation is about absolute truth in conducting activities. Haiti is characterized by Christianity, which shows that the society focuses on the virtues that shape it (Haitian Travel Guide, 2020). Finally, leniency versus restraint is a cultural dimension impacting Haiti's operations. Indulgence involves satisfaction gained from performing certain activities in the economy, while restraint involves being conservative and not taking risks (Hofstede, 2020). In Haiti, there is a mix of culture of indulgence and restraint (Haitian Travel Guide, 2020). They focus on social concepts and norms and tend to feel free when undertaking their activities within the economy. Impact on the informal economy of Haiti To understand the impact of cultural dimensions on the informal economy of Haiti, emphasis will be placed on power distance and the cultural dimension of uncertainty avoidance. at two organizational levels – operational and executive. Power distance In Haiti, the population is not extremely thirsty to be identified with power. In the case of the operational level of organizations, workers are involved in daily activities that include production. As such, it is difficult for workers to be creative in managing the manufacturing process because they are not interested in.