International Business Opportunities and Challenges Study Set 1
Quiz 4 :
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Q87 Q87 Q87
What are China's strengths that enable it to compete in the economic battleground between India and China? a.Strong government control- China's leadership has a development-oriented ideology, the ability to promote capable individuals, and a system of collaborative policy review.The strong central government control has enabled the country to experience consistent and managed economic success.The government directs economic policy and its implementation.It is less susceptible than democratic India to sudden changes resulting from political pressures. b.WTO and FDI- China's entry into the World Trade Organization (WTO)and its foreign direct investment (FDI)in other global markets has been an important factor in the country's successful growth.Global businesses also find the consistency and predictability of the Chinese government a plus when evaluating direct investment. c.Cheap, abundant labor- China's huge population offers large pools of skilled and unskilled workers, with fewer labor regulations than in India. d.Infrastructure- The government has prioritized the development of the country's infrastructure including roads and highways, ports, airports, telecommunications networks, education, public health, law and order, mass transportation, and water and sewer treatment facilities. e.Effectiveness of two-pronged financial system- The first prong is a well-run directed-credit system that channels funds from bank and postal deposits to policy-determined public uses.The second is a profit-oriented and competitive system, albeit in early and inefficient stages of development.Both prongs continue to undergo rapid government-sponsored reforms to make them more effective.
Q99 Q99 Q99
A market is defined as a(n)_____ when it begins to experience increasing economic freedom, gradual global integration, an expanding middle class, improving standards of living, social stability and tolerance, as well as an increase in cooperation with multilateral institutions.