Do you agree or disagree with the author go either way it does not Essay

Do you agree or disagree with the author go either way it does not matter to me - Essay Example It has captured the attention of other countries including the United States in labor force and technology. There is no doubt that China has the most sophisticate technologies and the fastest economic growth than any other state across the globe. It is also evident that China has strong military forces. Despite all these factors, I disagree with Gifford that China is the future super power. According to Uckert (1995, p. 9), China still face some major problems that hinder her from achieving this huge goal. This has been evident in the market since most of China’ economy has been continuously state owned. These state owned enterprises employ only one third of the urban Chinese workforce while about half of the enterprises run by the state are unprofitable. Although the Chinese government understands the situation, they are reluctant because they fear it will cause unemployment and social unrest. Second barrier is the population, which lowers its per capita income. To measure the economy of China, it will have to span a larger population which also affects its Gross Domestic Product (GDP). Currently, the world GDP is growing at s rate of 4.5 %. The normal china’s economy currently is $3.2 trillion for it to lead every state it means that it has to grow at 11% continuously for 22 years which may not be possible because it has never grown beyond 10%. In addition to this, high population leads to unemployment and also forces the government to divert its investments to non productive sectors like housing consequently affecting its economic growth. Apart from that, it also leads to frequent distortion of price commodities, corruption and limited government revenues. All these factors are not indicators of future super powers. Currently, the relationship between the state and the society in china is not healthy due to unequal distribution of resources. There is great disparity between wages and standards of living among the Chinese citizens,

Legal and Ethical of Business - IP 5 Research Paper

Legal and Ethical of Business - IP 5 - Research Paper Example This paper will research and comparatively analyze the challenges faced by McDonalds and Starbuck in India and China respectively. McDonald’s got engaged into the Indian market in 1996. This entry was in a form of a joint venture between local restaurants in both western India and northern India. This entry was expected to increase the customer base for the company. Having used the local partners, McDonald was sure to have little if any resistance in the industry. This is because it was expected that the taxes and duty issues related to foreign companies would be relatively affordable. Whereas this was not far-fetched, several other challenges became of greater concern. First, the political system in India is not so friendly. Even with the local support, the government still find loopholes to overtax the foreign entities even when partnered. The brand duty is exorbitant, and all profits are taxed for foreign firms (Chari, 2013). Further, violent destruction of hotels was also witnessed as fueled by the politicians and community leaders. For Starbuck, the political system in China is more strict but relatively transparent. From the beginning, industries and activities are either encouraged, restricted or prohibited. Establishing a business, therefore, requires initial certification (Gaff, Choy, & Chan, 2012). Following 2008 poisoned milk scandal, China has enacted more stringent laws on food and beverages companies and Starbuck almost got kicked out of the country only a few years since its entry. This contributed greatly to the loss of competitiveness in the global luxury markets especially in the large cities in China. However, the management sought to reverse this situation by partnering with real estate agencies in the country to establish shops in cheaper locations and closer to people’s residential areas. Socially and ethically, McDonald had a variety of challenges. The