The pace of economic development
Answer the following questions ( 500 words maximum for each answer)a) The pace of economic development has slowed in many developed nations, particularly inEurope. Describe two transition issues that a country like Spain, Portugal or Italy might have todeal with. Imagine that the economic situation there doesn’t improve for a decade. Tell us howyou think the new socio-economic realities might affect a country’s willingness to maintain therelatively new CSR and ethical frameworks that globalization has helped establish. b) How would you apply Hofstede’s Framework to learn how to manage cultural change moreeffectively?