As the dollar plummets, demand for exports to Asia will increase, exporting of labour to Asia will increase, and the overall economies in Asia will benefit. What America cannot consume due to the weakening dollar can be consumed by other nations. It is a fallacy to think that the world is dependent on America's consumption.
With all that said, business travel to Asia for many Americans will become a necessary part of survival for many companies. And here are some tips that any savvy businessman ought to know as they travel far east.
The first thing, business travelers ought to know is the way to greet others. Handshakes are fine and an accepted form of hello all over the world but you can really impress those in the other country by doing their custom. It also shows a willingness to be at their level.
The next item on the list are some basic words, eating the cuisine, preparing yourself for their timezone ahead of time.
As a businessman, if your goal is to work while traveling as is generally the point, you ought to make sure that you have a converter for your laptop power and the means to get a local cell phone. Even if your cell phone has roaming capabilities, it becomes expensive to use it for even one minute and you are advised to use a local sim card for your phone immediately upon arrival.
Another tidbit of information is to bring with you some cash. Many foreign countries are not keen on taking credit cards so you ought to know where you are traveling to and whether credit is accepted.
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