In this essay, I will be writing about some positive and negative perspectives caused by international trade based on the three sources given. Trade with China can act as an immense opportunity or as a threat to our country. Kenichi Ohmae, a Japanese business consultant, stated, “China is a threat, China is a customer, China is an opportunity.” China is a massive part of economic globalization. It has the fastest and second largest
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.
In an efficient market how are we to interpret FedEx’s 14% increase in market value? a. In 2004 the stock price of both companies rose. FedEx’s stock price rose 13.9% during this this time, whereas UPS only saw a 3.1% increase. The stock prices rose because the air transportation agreement between United States and China and the market opportunities of this deal in China for FedEx and UPS.
Why did the stock price of FedEx outpace UPS after 2004? What does this say about the two firms entering a new market? Both stock prices for FedEx and UPS rose after 2004 because of the air transportation agreement between China and the US. There was a great deal of market opportunity during this time in China for both companies. FedEx had high stock prices because they had a larger presence in China then UPS did.
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
Ferguson writes: "Chimerica," China plus America, seemed like a marriage made in heaven. The East Chimericans did the saving. The West Chimericans did the spending. Cheap Chinese imports kept down US inflation. Chinese savings kept down US interest rates.
There are various steps Bank of America should take in order to remain a segment leader. The first step Bank of America should take is to gain the support of the government by getting the Chinese people to understand the benefits of having credit a card. They should do surveys showing why Chinese customers not interested in credit card usage. They should also become very well acquainted with other banks that have already entered China to see how they became successful. The second process is to develop an infrastructure to have more atm’s and banks so they are easily accessible for the Chinese customers.
Why Europe and the West? Why not China? attempts to explain why the Republic of China has lagged behind European countries and the United States in terms of development. Landes offers some insightful historical information from which he bases his argument for the Chinese’s sluggish economical development in the last millennium. The Chinese had traditionally been at par with their European counterparts in terms of knowledge, skills and technology since the middle ages.
As Murray Stein described in his report: . . . We came to China as representatives of IAAP, curious as to what we would find in this vast and ancient civilization which is just now once again opening to the West and aware that this would be an historic event if the contact between Jungian psychology and the Chinese we were to meet turned out to be auspicious. (1995, 12) Shen Heyong Jung Journal: Culture & Psyche, Volume 3, Number 2, pp.
To address this challenge ASIMCO introduced the ‘New China’ strategy. The ‘New China’ Strategy entailed hiring local managers that understood both local and global practices. These managers were accepting of new challenges were selected from middle management levels. The immediate effect of this strategy was the elimination of undesirable elements from within ASIMCO’s joint venture companies followed by a vast improvement in the performance of its companies. An additional benefit was that ASIMCO was able to consolidate its position in China by transforming from an investment corporation that owned a portfolio of auto component manufacturing companies to having operational and management control of it JV companies.