Technically, China does have some laws against taking bribes but there is a fine line between bribes and gift giving. It is an acceptable practice to give gifts to the officials that a company works with because it shows respect and that you value their friendship. The problem is that the gifts are becoming more and more expense to ensure the company gets everything that is needed to open a division in their country. The Chinese government is getting more aggressive with cracking down on officials taking bribes in order to fast track business licenses, but there is still a long way to go. According to FCPA, it is illegal in the United States to bribe or accept a bribe in return for favors, and most statewide business will abide by these laws.
While the Chinese already had a stable economy, the Russians did not. This was a major difference between the two civilizations. The Mongols introduced paper money into Russia which helped stabilize their economy from a recession due to the falling price of gold and silver. This saved the Russians from a terrible
The Kings were converts of Christianity just to establish closer relations with Portuguese whereas Chinese has great problems with the exclusivity of Christianity but the Jesuits were respectful of Chinese culture and won a few converts. China had an outstanding naval capacity in the early 1400s and the Chinese used a tribute system as a basis for trade and restricted access of foreign traders to Chinese markets, particularly by limiting them to specified ports under controls established by the central government. China experienced economic changes,
I believe it is very significant to the country’s history because it shows the reader how much of a problem the US has had with immigration since the 1800’s! The fact that the Chinese were “unlike” the US citizens in some ways did NOT give the government the right to completely revoke all immigration from
Business strategy: Mabe uses a brand differentiation strategy to add brand value to obtain a price premium. PESTEL Analysis Political: Different governments have different policies to regulate business activities. In some countries, the weak legislative, high level of corruption and bribery, and high interference in business create barriers in doing business. The variation of human rights protection among countries causes different working conditions for companies. Regional trade agreement influences trade business greatly.
Carlos Turcios Turcios1 Professor Lenerville Political Science 2 7 December 2012 Compare and Contrast: China & United States Government The Governments of China and the U.S share some similarities, although they have many differences as well. Both governments reflect their way of life for each country, they both include higher expectations,and both governments feel that their current system is the best government for their respective country. Both societies originated in different times, that adds to the difference in their in their lifestyle and culture. Distinctness between both cultures governments are also obvious, the main one being China having a single political party as opposed to the United States having two main political
China’s culture is founded upon Confucian and Maoist, rather than capitalist, which impacts ethical decisions made by Chinese business leaders (Fok, Hartman, & Kwong, 2005). Jamaica’s heritage is capitalist and it is a low uncertainty avoidance country which means the country is open to changes in pressures to industrialize more so that other cultures. The country’s eagerness to develop could have an impact on how ethical its business leaders are, when it concerns making decisions that affect financial, environmental, and cultural issues (Fok, Hartman, & Kwong, 2005). The results of the study show that when the
As a result of the growing scarcity of silver in China, As a county official, Ye Chunji hopes that the people of China will live frugally and not extravagantly in an effort to help the declining economy by having people live frugally and to spend money on more necessary items than to live extravagantly and waste money (document 1). Furthermore, the effects of silver taxes and transactions is shown through Xu Dunqiu's essay in The Changing Times. In Xu Dunqiu's essay, he shows the change over time from China's barter economy system to a more market economy.
In the academic literature there are two famous culture-related M&A problems - “liability of foreignness” formulated by Zaheer in his paper of 1995 and “double-layered acculturation” suggested in 1996 paper by Barkema et al. The main idea behind these papers is that companies who follow an M&A deal may meet significant obstacles in the form of differences in business practices, legal systems, languages and customs at double levels, introducing new liabilities, which ultimately may prevent a company from realizing its strategic objectives. Additionally, asymmetry of information that a company may encounter in foreign markets may make it difficult to study a new market in the correct way. Depending on the degree of required integration, there could arise other principal issues such as conflicts originated from cultural stereotypes, nationalism and even racism (Stahl and Voigt, 2005). Therefore, the rapid increase in cross-boarder M&A transactions is accompanied by growing popularity of cultural due diligence and greater interest to the “cultural distance” hypothesis.
1. What philosophical principle did Google’s managers adopt when deciding that the benefits of operating in China outweighed the costs? Answer : I would say that Google used utilitarian approach when they are entering the chinese market, as it is explained by the utilitarian approach that, “it focuses attention on the need to weigh carefully all of the social benefits and costs of a business action and to pursue only those actions where the benefits outweigh the costs”. In the case we can see that China is a one huge potential Internet market for Google that’s why they choose to adjust their service according to the chinese regulation for censoring some issues regarding sensitive issues like politic. In addition, the philosophical approach used is the Friedman doctrine stating that the only social responsibility of business is to increase profits, so long as the company stays within the rule of law.