This review of the literature dealing with management in business in selected countries, and how management is affected by the culture and values of that country attempts to establish a baseline and methodology for developing further empirical studies. The contributors are selected from professional economists and sociologists from the countries discussed. The first part of the work deals with definition of terms and theories that are to be used in the work. The second part of the work deals with individual representative countries in Europe and Latin America, and the third part of the work describes future work needed in the area.