Religion and export prices (Marketing)

Religious beliefs affect trade practices (export prices)

Religions and Global Business - Religious diversity

The relationship between religion and export prices is not direct, but it can be analyzed through the lens of religion's influence on the economy and international trade. Religious beliefs affect cultural values, business practices, and economic policies, which can indirectly impact export prices.

1. Global Pricing Policy

Global Marketing

Christianity

In Protestantism, the hard work ethic (as in Calvinism) can boost productive efficiency, reducing costs and, potentially, export prices.

1. Calvinists
2. Christian Ethics
3. Sermon on the Mount

Islam

In Islam, the concept of zakat (obligatory charity) and the prohibition of usury (riba) can encourage fair prices and equitable business practices, affecting profit margins on exports

In Saudi Arabia, Islamic-based laws affect trade regulations, such as Restrictions on certain products (alcohol, for example), which limits exports of these goods and affects the prices of other exported products.

1. Five pillars of Islam
2. Islamic Economics
3. Islamic Banking
4. Sharia

Malaysia is a global leader in the production and export of Halal (permitted under Islamic law) food products. The country's predominant religion, Islam, sets strict regulations on food production, processing, and distribution, which impacts production costs and export prices. Halal certification is a global standard that not only serves the domestic market but also the growing international demand, especially in countries in the Middle East, Asia, and Europe.

Societies with a strong religious influence tend to have higher levels of social trust, which facilitates international trade. This trust can reduce transaction costs (such as insurance or guarantees) and stabilize export prices, as trading partners perceive lower risk.

Principles of a model of global ethics:

1. Harmony of Religions
2. Why do we need a global ethics?

Foreign Trade

Academic Programs

1. Cross-Cultural Management
2. Global Product Policy
3. Standardization vs. adaptation: Glocalization strategies
4. Cultural influence of religion in global business
5. Religious differences and ethical conflicts
6. Religion and international contracts

(c) EENI Global Business School (1995-2025)
Top of this page