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In the Article Made In China, John S. Mcclenahen it is made apparent that much of international business will pass through the People's Republic at one point or another. Many of the world's premier corporations and manufacturing have invested in the People's Republic at some level. By producing a year-to-year gross domestic product that exceeds 8 % increases, the People's Republic is able to boast and show, they will have positive economic growth in years to come. While North America copes with the aftermath of terroristic attacks, the economy has declined into a recession forcing many investors elsewhere; such as China. Mcclenahen refers to China as the "Best Business Climate, " for the simple reason of China becoming a web of strategic mutually beneficial relationships.
Many businesses are feeding off each other which has lead to be extremely attractive to additional manufacturers who are interested in generating import and export revenues. China's solid increase in economic growth has over the years and years to come has laid the foreground for an exceptional manufacturing site. Already producing a majority of the world's cellular phones and accessories, web development equipment, and electronic devices the People's Republic has no choice but to explode into a manufacturing icon. Many US based organizations have become upset with the current volatile economic status that has come to be, in the wake of the September 11 th tragedy, as well as the Enron scandal that has now out in the open. A majority of investors have become wary of their investments due to the instability of September 11 th and the trustworthiness of accounting methods used in larger corporations. Investors have backed out, and stocks some stocks have plummeted leaving others to find new sources of investment.
This is where the People's Republic fits tremendously with "The Perfect Business Climate. " The People's Republic is considered to be the "The Perfect Business Climate" for more than just one reason. A coastal arc of enterprises has developed from Shanghai extending to the Guandong province with companies that manufacture high quality products to be sold globally. Another reason for all of this industrialization of China is the constant supply of entrepreneurial and technical talents that are produced in the surrounding universities. It becomes very easy for larger more successful companies to attract new levels of engineering and technical coming directly out of schooling. This also makes for an efficient work force, students who have just graduated that will work for lower wages than those who have been in the business for a while and have accumulated higher status with higher pay wages. Lower wages is not the main purpose of this idea, the new blooming talent of today's younger workforce has already contributed tremendously to the advancement of technology.
Each company anticipates that each new worker can have the ability to create a new product or service that may revolutionize the industry once again. Since China is the location of a majority of manufacturers, universities have sprouted that deal specifically with engineering and state of the art technology. China has emerged as a the 'home depot' of raw materials, comprised of everything from laborers to actual products. Unfortunately all good things usually have a some form of a negative side, Mcclenahen stresses that China is not a place to 'Jump in Head First. ' Investing in this area comes with a great deal of caution, as well as anything else, you must remember that China is still a developing country aside from their phenomenal manufacturing capability.
Companies that have done their homework, made strategic managerial decisions, weighed extraneous factors, and attacked a specific demographic are those who have become successful. Investing small and directly are managerial decisions that are made by high level officials in the corporation that wish to begin new ventures in other possibly more lucrative areas. However, there is no such thing as a safe bet, all economies are volatile and have the ability to rise and fall as quick as day in-day out.
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Research essay sample on Lower Wages People Republic
