In Asian countries, personal "connections" of who knows whom frequently seem to outweigh the Western economic principle of profit maximization or cost minimization in conducting business.

Question

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In many Asian countries, the concept of "guanxi" in China, or similar notions of personal networks and relationships, plays a crucial role in business practices, often taking precedence over purely economic considerations like profit maximization or cost minimization. These connections can influence decisions, partnerships, and opportunities, reflecting a cultural emphasis on trust and mutual obligations.

In Asian Countries, Personal "Connections" of Who Knows Whom Frequently