History - Globalization in China Essay Example | Topics and Well Written Essays - 5500 words

History - Globalization in China - Essay Example This perception has been disregarded by most Chinese who argue that they have learnt from their country’s long history that isolation often results to backwardness especially considering its vast population (Gerschenkron 842). Among the Chinese, globalization is often viewed as a double- edged sword which brings both challenges and opportunities, as well as advantages and disadvantages. Opportunities and advantages can be achieved in China in the wave of globalization through correct strategies and policies. As a matter of fact, China needs globalization more than any other country of the world considering its vast economic and population size (Huang 65). Since its contribution to the world is immense, its participation in globalization is not a one- way street. The country not only serves as one of the biggest markets for world’s products and services but also as one of the world’s greatest producers of goods and services. It should be noted that even though Chi nese economy integration into the world’s economy has deepened over the years, the issue of globalization in China is considerably controversial (Walter and Howie 107). The transitions and growth of the Chinese economy have been critical in integrating it into the world economy in the wave of globalization. ... Growth in the China context is the realization by the leaders of China after the death of Mao Zedong in 1976 that their country was developing and poor and therefore it was important to deliver sustained jobs and incomes in order to propel their country to success and to grip of world power (Naughton 103-4). Just like other countries that are experiencing globalization, China’s economy and the globalization process is linked to the political issues in the country. The rapid growth of the Chinese economy in the face of globalization and its deepening integration into the global economy can be greatly attributed to the policies that have been implemented by the Chinese government. The government has in the recent past have been setting incentives so as to enable the state firms to profit from the income that they earn on sales from transactions with other â€Å"clients† across the world, as well as their transactions with the state. It is worth noting that, in response to the globalization of the world’s financial system, the government of China has in recent times restructured the country’s banking system among other restructuring that aim at aligning the country’s financial system with the world’s, so as to benefit from globalization processes (Huang 178-9). More importantly, it should be noted that even though China has recorded a remarkable success in the globalization process, there is no general understanding of globalization among the Chinese. Majorly, the understanding of globalization among the Chinese revolves around the following three aspects. One, many of the Chinese elite tends to believe that the globalization trends are inevitable. To them, there is no alternative to globalization and all

Critiquing Business Plan In Emerging Market.Businesses In Brazil Assignment

Critiquing Business Plan In Emerging Market.Businesses In Brazil - Assignment Example There are cases and instances that governments try to come to the aid of some of these entrepreneurs by use of favorable macro and micro economic policies. This notwithstanding, not all of these policies have eliminated the barriers. Interesting, studies have even confirmed that most economic policies put in place by the Brazilian central government also turn round to be barriers for most entrepreneurs seeking to start up new businesses especially those in the oil and gas sector, of which the biodiesel industry is part (Gartner, 1985). In this critique paper for a business plan that is ready for implementation of a biodiesel startup company in Brazil, the various barriers that may possibly exist and methods that can be used to mitigate each of these barriers are outlined. Licensing The licensing of company system that exists in Brazil could serve as a major barrier to both the entry and growth of the new biodiesel company intended for Brazil. This is because there are licensing regul ations, which have been criticized by most economists and market players as being investor hostile. Unfortunately, such hostility exists in cases that the government feels that the coming of certain companies may be a major competition for existing and known state corporations (Ivanova, 2009). A typical example of this is in the area of energy, where even though there is an open market, the state still practices a casual monopoly, trying to prevent private participation. As part of the casual monopoly strategy, private individuals are made to undergo several routine processes in getting license to operate (Krasniqi, 2007). Meanwhile, the possession of a license to make the commencement of business in Brazil is very important as it opens the avenue for such companies to benefit and enjoy trade incentives that may exist. What is more, in order to have an international reputation and open one’s business up for international investment and other forms of business expansion option s such as enlistment on the Brazilian Stock Exchange, license registration is demanded. A method to overcome this barrier would be to first enter the market as a partner to an existing registered local company. This way, the company will not be given the kind of hostile treatment given to expatriate companies. After some time when there is a separation in the ownership of the company, the license of the original company will over both separated companies if there was ownership up to a certain number of years. Lending and Credit bias in favor of multinationals Access to money for entrepreneurs remains a major barrier to growth for most new entrants in Brazil. This is because there is a form of lending and credit bias that favors existing and well established international and multinational companies as against new entrants and small and medium scale businesses in Brazil (Foley, 2003). Commonly, the financial institutions, most of which are banks try to justify some of these biases by explaining that new entrants and small and medium scale companies lack credit credibility. What this means is that they are not tried and tested in their finances such that they can be trusted with huge sums of credit. In most cases therefore, there is a limitation on the amount of money that can borrowed by these new entrants. Where there are no limitations on the quantum of money that can be borrowed, there are strict lending processes that delay