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Asian Americans Small Business Participation - Essay Example

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Asian immigrants who own large number of small business in America contribute significantly to the economy. As compared to Native Americans, Asian immigrants including Indians, Koreans, Japanese, and Chinese own more small firms across the country…
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Asian Americans Small Business Participation
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Asian Americans Small Business Participation

Download file to see previous pages... As Marger (261) states, among all US ethnic groups, Korean population is the most actively engaged group in small scale business. One of the significant factors that accounts for the involvement of Asian immigrants in small business is the enthusiastic and active participation of some or almost all members of the family in business. The family loving nature and cultural traditions of Asian immigrants encourage them to engage in their own small sector businesses with the participation of family members and relatives. Business is one of the places where they share their cultural traditions and hard work. This practice of family-operated business helps them minimize the labor costs and capital. Furthermore, it enables them to set up profitable small business such as restaurants, retail, beauty services etc at low investments. At the same time, as Marger (261-62) points out, the social nature and friendly relationships of Asian immigrants and their common ethnicity enable them to establish informal savings, required capital, and also loyal customers within their own ethnic group. Asian immigrants often confront with racial discrimination and are deprived of better opportunities in the corporate sector. These inequities as nonwhites and unfairness in opportunity compell Asian immigrants to set up small sector business where they tend prove their ability. ...Download file to see next pagesRead More
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