The big debate here is, does Wal-Mart help or hurt our economy? Many people, including me; have their own opinions on the subject of Wal-Mart strengthening or weakening the American economy, they also have good reasons. Wal-Mart, Americas largest retailer, produces low price goods that Americans like to buy. The company imports most of their goods from china. Buying goods from overseas is good for the buyer but not for the economy because its creating jobs overseas in manufacturing and helping their economy, taking away from the American economy.
As a result, a market economy would naturally prefer those employees. The fear of Chinese immigrants was not purely due to economic reasons. In reality, Chinese workers and culture were seen as invasive and pervasive with contradictions to American values. Therefore, Chinese workers were not only seen as economic opponents, but as an epidemic that can erode away the very fabric of American society (Ryo
Microeconomic factors significantly affect a business, especially global expansion. Therefore, some factors to analyze and monitor are the price elasticity of goods, competition in the market and the economy state. The state of economy determines consumer spending trends. An economic downfall will lead to a decrease in consumers spending and an increase in the economy state, will escalate consumer spending. There is no doubt that competition in the U.S. is robust and is the same in China, however, Nordstrom must have the ability to choose their competitive advantage as a global expansion strategy regardless if it is suited for success in the Chinese market.
The countries, therefore, that feel the pressure and stress of this craving are those in East Asia. To realize the true pressure that is generated with the ascension of China to power, it's the separation of Taiwan from China when it was experiencing faster growth. This explains the aggressiveness that China is showing to the world and global stage against the drop of oppressing the regional countries in the East Asia. The other aspect is the changing of the foreign policies toward other countries. The deviation in policy is as a result of the realization that they don't need the regional countries at the present time the way they needed them before coming to the riches.
Nearly everything is outsourced from this country, we are 100 percent dependent on other countries to produce our items. Sure, we can blame China, we can blame the 3rd world, but the real problem is the corporations. It is big corporations that do not care about where the product is coming from but about maximizing profits as much as possible. Even companies that produce quality products are outsourcing to save money because it appeals to the shareholders, which all makes sense to a business person. There are some pros to globalization as Mike Collins states that, "supporters of globalization argue that it has the potential to make this world a better place to live in and solve some of the deep-seated problems like unemployment and poverty."
Unfortunately, the negative impacts of globalization in China outweigh the positive effects like in the rest of the world. Sustainable development has become a common term in the world of growth and globalization. Therefore, for any country to prosper more positively and minimise negative effects it has to be in line with sustainability and China has failed to be one that does that. Over the years, academics have expressed fears that the significant global economy exposure from China will result in salary cuts and job losses based on global market change. This may then lead to use of labourers like child workers and prisoners working in inhumane conditions.
That is how business stuff happens specially marketing; they make things seem very good and wanted so everyone would like to buy and not to just buy one but more than one until people lose their money. What happened in China happened before in Japan and America maybe in the same way, but they said that it was way more in China. It seems wired isn’t it Asians always seem smart enough not to fall in this thing, but I have to say seeing those house makes me want to buy it so much but not living in it is a very wired thing, I mean I have a house it’s very great it’s good enough for me and my way of living why leaving it why not living in it. Bubble Economy was a well known thing that makes a disaster for countries and leads poor people to think of nothing but
Firstly, globalization only serves the interests of developed countries like the US, European countries, China, Singapore more than developing countries such as Vietnam, Thailand, Africa (Is globalisation, n.d.). According to Lianna Amirkhayan (n.d.), the uneven distribution makes a big difference in income between developed and developing countries. The rich countries still maintain their wealth which even double rich, compared to developing countries. Secondly, globalization creates a moving wave among people in developing countries. They move to other countries to find a better chance to work.
The author argue that China-Africa trade does not improve and sustain the living conditions of African residents, instead is it damaging efforts for Sub-Saharan Africa to improve their development. Lyons and Brown states that the increasing number of imports from China affect local businesses because China import cheap products and sell them at a lower price. Therefore, there is a competition, and this competition lowers the profit margins and income for some trader. As a result of this the African traders lose their businesses as their consumer go for Chinese products. The author also address the benefits of China imports to Africa.
However, with the success of SEZs, it created a problem that the government wanted to avoid: regional inequality. The SEZs were mainly situated in the eastern part of China and therefore, foreign and local investments would usually be directed towards the eastern and central part of the country . With lack of such investments and developments, the western part of China starts to fall behind in terms of the economic conditions and the standard of living there. With the eastern and central regions becoming increasingly more developed and the western regions remaining underdeveloped, this created greater regional inequality in the country as seen by the increase in China’s Gini coefficient from the range of 0.21 to 0.24 in the 1970s to a range of 0.4 and 0.5 in 2005 . As such, although SEZs helped to promote economic growth in China by slowly opening up to foreign investors, it also created more inequality between the regions which was a major problem to the Chinese government which will be discussed