This paper attempts to analyze some of the ways in which social, cultural, economic, legal and political differences among nations, specifically China, affect international business. China has a totalitarian style government which is somewhat resistant to change, and very conservative. It is extremely concerned with the way the rest of the world perceives it, yet strives to keep continuity with it’s past.
Social factors play a large role in how China does business both on a national and global level. In Chinese society, business is fundamentally a matter of building relationships. They believe that communication, respect, and group harmony are all important key factors in a business structure. While western businesses may consider communication just a way of passing along information; the communication comes to an end when the deal is concl
Politics in China have a very pervasive influence on every aspect of Chinese life. As a socialist state ruled by a communist party, China can hardly separate politics from business. Enterprises are not independent economic entities free to mingle with the international community, but rather the factories of the Chinese government, which remains the biggest boss.
Although China has experienced a large amount of economic growth within the last decade, it has a multitude of challenges brought on by that growth to address. In a population of 1.2 billion people, 200 million of those people live in a state of poverty. Unfortunately, China lacks a social security system to help it deal with the unemployed and individuals temporarily laid-off from their jobs. China’s accession to the World Trade Organization has imposed the challenge of creating a
Example Essays Home
