Lastly, how to reduce the economic gap between coastal regions and inner periphery? In other words, we can learn that this kind of economic of development is not good for China from the texts. In order to know how China’s coastal cities are developing better than inner periphery region, we have to study the open-door policy under Deng’s leadership. “By opening its Pacific Rim to market forces, by exploiting its huge working class, and by encouraging millions of Overseas Chinese…to invest money in their homeland” (Blij 374). This quote is the best interpretation of the Special Economic Zone’s features.
Intercultural Business Communication between America and China With globalization going on, China and America, as the first and second largest economic country, have been interacting closely in terms of economy. As we all known, culture plays a critical role in business communication. Understanding the other party’s culture can lead to success of business, while cultural misunderstandings in business activities can be destructive. Therefore, to achieve fruitful results from business interaction, we need to be familiar with both American and Chinese culture. This paper will start with the cultural values of America and China with theories in the field of intercultural research, then focuses on business protocol in these two cultures, and finally offers some keys leading to effective intercultural communication.
Kant says that people in business should act out of duty alone, not self-interest or desire to earn huge amounts of money. For example motivating bankers through huge bonuses would be wrong. Kant would also apply the categorical imperative, to derive the duty of a businessman. However, whether Kantian ethics is the best approach in comparison to theories such as utilitarianism is debatable. One issue surrounding business is the relationship of the business to the consumers.
The Guanxi practice which means relationship or connections in China despite its bad sides was well accepted culture in China. In order for one to be successful in business in China, one should be aware about the Guanxi culture. The RDH thought HI would bring improvements and they really disappointed the Chinese Government.
BAC 3654 Tutorial 2 - Discussion of questions and case: WorldCom: The Final Analyst Question Why might ethical corporate behavior lead to higher profitability? Answer: * Because attention to ethical concerns can keep corporations out of costly problems such as clean-up of pollution problems, fines, low morale. * Loss of reputation and stakeholder support. * It can open up profitable opportunities such as developing green product lines. Question Why should a professional accountant be aware of the Ethics Code of the International Federation of Accountants (IFAC)?
So, these are the supposed facts but I see things a little differently. I have no problem with free trade as exporting what you are high in and importing what you are low in makes sense. The problem lies with in the ethical means of how this is being achieved. How far are we willing to go just to save a buck or two? With the enabled NAFTA in place U.S. corporations have been moving production outside U.S. borders to save money on labor cost.
1) With that being said, exporting and importing is great for companies and society to bring goods and services to people, however the way trade is done can be viewed as unfair in regards to the welfare of people and justice for human man kind who is working in third world countries. “Proponents of fair trade argue that exchanges between developed nations and lesser developed countries (LDCs) occur along uneven terms, and should be made more equitable.” ("Free Trade Vs. Fair Trade," 2005, para. 3) “By contrast, free trade proponents believe that under a system of voluntary exchange, the demands of justice are met. Although free traders hope to alleviate poverty and improve conditions around the world, they prefer measures that are less intrusive than fair traders, who regard the unfettered market as injurious to these same goals.” ("Free Trade Vs. Fair Trade," 2005, para. 5) In my opinion, justice is not fully met just because the system is voluntary.
Difference between business behavior in USA and China I always thought the best business is an honest business and as far as you keep this way you’ll success in any type of business. Trawling in different countries made me feel that to have a good reputation is not enough for your business success. People misunderstand each other due to different cultures and business practices. Many a business deal falls apart due to fundamental misunderstandings. What is different between USA and Chinese’s business?
What national sources of competitive advantage might Lenovo draw from its Chinese base (Porters Diamond)? What disadvantages derive from its Chinese base? After being a closed economy for a relatively long time, China is eager to become a globalized economy. This provides an advantageous prospect to companies that are trying to become market leaders through rapid expansion. The main attraction for companies is the availability of ample low cost labor in china.
A country can be a capital (or labor)-abundant nations and labor (or capital)-scarce nations which consider their comparative advantage in technologies, input productivity, and wages of labor. Free trade can bring a lot of advantage to us; however, it does not apply in real world. Tariff and non-tariff are the tools that use to trade protection or prevent the economy from undergoing adjustment during economic stagnation. Although tariff and other restriction can concede the economic losses and using resource with less efficiency, but protectionism argue that non-economic benefit such as a national security can more than offset those economic losses. Normally trade protection is use to secure domestic industry and labor union’s economy welfare.