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By Eugen von Böhm-Bawerk, William Smart

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Eugen Ritter von Böhm-Bawerk used to be an Austrian economist who made very important contributions to the improvement of the Austrian college of economics.

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Capital and Interest - A Critical History of Economic Theory

In regards to the AUTHOR:Eugen Ritter von Böhm-Bawerk used to be an Austrian economist who made vital contributions to the improvement of the Austrian institution of economics.

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India can be a very difficult first expat management assignment for most Westerners, unless…. 4. The company should have provided Niels with expatriate preparation training on the culture of India. Yes, this is definitely a good solution. The case above is based on a real incident from the early 2000s, a time when such expatriate preparation training was readily available to Danish companies. The decision not to provide Niels with that training may have saved his company some money upfront but ended up costing much more when Niels had to be suddenly repatriated.

A less experienced consultant might have removed his jacket or loosened his tie. That would have risked showing disrespect to the high-ranking host. All we know for sure is that this client got the quite-legitimate decision he wanted without paying a bribe. Here I should disclose that during the hottest months in New Delhi I sometimes did attend meetings with government officials wearing a shirt, dark trousers and a tie, without a suit jacket. But let me tell you about an important exception. 48 Hierarchical and Egalitarian Business Behavior Meeting the Prime Minister During our first expat assignment the prime minister was Indira Gandhi.

Of course not all Indians, including those who return to their home country as expats, will succeed. Some may fail, just as the Dane did in the above case. Case 4‑2: Danish Manager in India I 51 These days many Western expatriate managers’ contracts include a requirement to train and develop a local employee to replace the expat by the end of the assignment – often an excellent solution. In such cases the Westerner is regarded as an interim manager, a step in the direction of building a shared culture with the subsidiary or local employees.

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