A major barrier to international trade activities.

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The concept of trust has been examined in a wide variety of organizational and social settings, and accordingly conceptualized in different ways see (Hosmer 1995 for a review). For instance, trust in interpersonal relations is defined as the willingness of one person to increase his/her vulnerability to the actions of another person (e.g., Zand 1972); in economic exchanges as the expectation that parties will make a good faith effort to behave in accordance with any …

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…and trust: From ideal types to plural forms. American Review of Sociology, 15: 97-118 Casson, Mark.(1992). Internalization theory and beyond. In P. J. Buckley, editor, New directions in international business: Research priorities for the 1990s, 4-27. Brookfield, VT: Edward Elgar. Geringer, J. Michael. (1991). Strategic determinants of partner selection criteria in international joint ventures. Journal of International Business Studies, 22. 41-62. Thibaut, John W. & Harold H. Kelley. (1959). The social psychology of groups. New York: John Wiley.