Write a summary of the Article: The impact of covid 19 on the economy Utilize articles written in the Wall Street Journal: which can be found in ProQuest, also use articles found on the internet like google news. Link the Article to macroeconomic data; link the Article to the Course(macroeconomics). The link should explain the author’s understanding of the economy.
istance: It means dealing with inequalities which occurs within cultures. It sees the superiors and subordinate’s relationship and what are power distances between them. As we see in the case, Indonesia is a highly power distance country where business relationships are paternal and maternal, subordinates think that superiors should take care of their interests as parents. They are too much dependent on the superiors and there is lot of unequal rights to both. Communication is inappropriate. While in Australia and New Zealand, the power distance is low that means they believe that everyone in the business know why they are in the organisations, what the organisations expect from them and top management feels that employees should communicate their problems to them and gain equal rewards for their work. • Individualism: It describes the norms, cultures to focus on the relationship between individuals and groups. It sees whether people works individually and as a part of group. Indonesia has low individualism means that employees work as a group in the workplace, they give more importance to family, friends etc. They generally try to select that persons who are their favoured. Where as in western countries like Australia and New Zealand the people work for themselves and they keep their personal and professional life separate and fulfil their own contracts, needs. • Masculinity: It means to see whether emphasis is on achievement and earning. Indonesia scores low on the masculinity as compared to Australia and New Zealand that means Asian people that they prefer quality of life and not run after material things like money while in western countries during work they give high priority to the work if they have set some deadlines they tend to achieve it on the specific time. • Uncertainty Avoidance: It means to measure how people reacts to the unseen situations. Indonesia scores less on the uncertainty avoidance as compared to Australia and New Zealand. Indonesian believes that uncertainty is common in business and they do not take stress. They believe that managers should not use bad language for the staff they should overcome difficult situations with themselves and try to keep smiling how angry they are inside. While in western countries concept is opposite, managers become furious if they see unseen situatio>GET ANSWER