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International Business - Essay Example

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International Business International Business [The name of the writer will appear here] [The name of the writer id will appear here] [The name of the course will appear here] [The name of the course number will appear here] Using one of the following countries – Brazil, Russia, India, China or South Africa, Mexico, Nigeria or Turkey identify and critically evaluate the key economic, political and technological factors conditions that have enabled it to become a ‘Rapidly Developing Economy’ or ‘Emerging Economy’…
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International Business
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Download file to see previous pages One such country is China or officially named as The People’s Republic of China. China is one of the most populous countries of the world. It is also considered to be a communist state among five other communist states still found in the world. In fact China is both a communist state as well as a socialist state, having being ruled by The Communist Party as well as the Working class. China, in the recent decades, has been able to develop a perception of a country that excels in manufacturing, be it electronics or textiles. Having a population of more than 1.3 billion people, this country has the advantage of providing cheap labor for businesses around the world; and thus China is considered to be the chief option of organizations wanting to open up business units outside their home country. In this paper, an attempt would be made to evaluate the political, economic and technological factors that have led to the consideration of China as an emerging economy. Based on this evaluation, recommendations would also be made in this paper. Since China is an emerging economy, it is safe to assume that the political, economic and technological aspects of China are far from perfect, thus recommendations developed in this paper would provide a better way forward for the country. Background of People’s Republic of China China, the most populous country in the world, is located in Eastern Asia which a population exceeding 1.3 billion people. The capital city of China is Beijing, known for its trading. After China adopted is economic reforms in 1978, it became the fastest growing economy in the world. However, due to the large population of China, this growth has still not allowed the country to enjoy the position of a developed nation (LeFleur, 2003). China is known for its manufacturing around the world and thus is the biggest exporter of all kinds of goods to the world. Since the population of China is very high, imports also form a substantial part of the economy. This results in China being the second largest importer of products from all over the world (Lardy, 2001). Having a rapidly growing economy, China is often considered as a threat to the United States. This is because China has been able to exercise considerable power over the rest of the world as foreign investment flows heavily in the country and this country also invests in other countries. Thus, this country is a potential super world in the coming times. Despite its growing economy, China is ruled by the Communist Party which has immense control over the economic and other affairs of the country. This to a certain extent has hampered the growth of the economy. Evaluation of Political Factors In terms of political factors, this paper would refer to the political parties ruling the country and their impact on the overall economy of the country. China is a country ruled by the Communist Party, with interference from the working class on some levels. Thus the country is ruled on the basis of both socialist and communist forms of government. These two opposing powers form the two main parties within the China, namely the Chinese Communist Party (CCP) ...Download file to see next pagesRead More
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