Thursday, December 19, 2019

The World s Second Largest World Economy - 1289 Words

Question Two: China has risen from the Third World status in 1979 to become the second largest world economy behind only the United States. The Japanese economy was the world’s second largest for decades until it was surpassed by China in 2010, and it remains comfortably the world’s third largest. South Korea’s economy, 15th largest in the world, is three quarter as large as Spain and 44 percent bigger than turkey’s. All three nations are important world trading nations (Moran, Abramson, Moran, 2014). Both Japanese and Korea cultures have been significantly influenced by the diffusion of Chinese culture. A critical factor distinguishing Asian cultures from that of other peoples is their ancient philosophies and religions. Confucian†¦show more content†¦Today, in order to align with the change of the global world, it will be change to reasonable with electronic communication. If I were responsible for a multicultural workforce with persons from Japan are langua ge and communication, time, values and standards, decision making and so on. First, language and communication is complex, subtle, and predictable. Second, it is very important to be on time, in Japan, most everything will run on time. Third, values and standards the dominant Japanese ethos includes familial relationships, loyalty, conformity, and the collective good. Then decision making is important too, the Japanese value decision by consensus, before action is taken, much time is spent on defining the question. If I were responsible for human resource management in an American/Chinese joint venture in China-training, some of difficulties I might face are China is a culture that values harmony in interpersonal interactions, perceive conflict is easily interpreted as loss of â€Å"face† or disrespectful. Chinese are not comfortable making recommendations or suggestions publicly, understanding nonverbal signal is the key to work with Chinese people (Moran, Abramson, Moran, 2014). QuestionShow MoreRelatedChina s Economy Is Becoming The World s Second Largest Economy Behind The United States1234 Words   |  5 Pageseconomic reforms and adopting the open policy in 1978, China’s economy has experienced a spectacular growth and achieved a remarkable success over the past three decades. In particular, according to the government figures released on August 16th 2010, China’s economy in the second quarter has slightly surpassed Japan’s in terms of gross domestic product. This milestone suggests that China is becoming the world’s second-largest economy behind the United States. At the same time, the opportunities createdRead MoreChinas Economic Growth1224 Words   |  5 Pagesdomestic economy. China’s economic growth is expanding at a great pace, while other countries may be at a standstill. China has been the world s fastest-growing economy. One of the main stimuli twelve years ago was the release of Hong Kong to China from Great Britain. The second largest stimulus was the opening of free trade with other countries, in which China was originally a closed trade country. Foreign trade and investment have played a crucial role in the growth of the Chinese economy. Its foreignRead MoreLocation Strategy and Layout Strategy of Ikea1333 Words   |  6 Pageswas founded in 1943. Today it is the world s largest furniture retailer, recognized for its Scandinavian style. There are 310 stores in 38 countries and regions of the whole world, of which 8 stores are in mainland of china. They are Guangzhou, Shenzhen, Beijing, Shanghai, Shenyang, Dalian, Chengduand Nanjing. II. The Location Strategy of IKEA 1. Political risk, economy and culture a. The regime of politics and Government rules The People s Republic of China is a  single-party state  governedRead MoreThe United States Of America Essay1694 Words   |  7 Pagespeople think. The United States of America is facing problems a lot of people are either unaware of or just dont think its a big deal. Most of america think that our economy and government is in alright financial shape, That may not be the case though. America is in bad shape and it seems to be going down hill. America is declining in world power as well and this is just another factor leading to a crash in the future. Other nations are growing a lot more powerful than they have been in the past causingRead Morebilet 31023 Words   |  5 PagesÃ'‚Ð µÃ ºÃ' Ã'‚ Ð ¸ Ð ¾Ã'‚Ð ²Ã µÃ'‚Ã'Å'Ã'‚Ð µ Ð ½Ã ° Ð ²Ã ¾Ã ¿Ã'€Ð ¾Ã' Ã'‹: WHAT IS MACROECONOMICS? Macroeconomics provides us with a bird s-eye view of a country s economic landscape. Instead of looking at the behavior of individual businesses and consumers—called microeconomics—the goal of macroeconomics is to look at overall economic trends such as employment levels, economic growth, balance of payments, and inflation. The study of the world economy, for example, is essentially a macroeconomic survey. Just as the speed of an engine is regulatedRead MoreChina Is A Country That Affects The World And The Way People Live991 Words   |  4 PagesChina is a country that affects the world and the way people live. China has the second largest economy and it grows through time. They have a large wealth of many minerals and natural resources, which include coal, iron, copper, limestone and much more. These reserves of mineral and natural resources help provide China with a steady foundation for rapid industrial growth. China is quickly growing and it’s population is increasing enormously. It’s booming economy and industry are a huge catalyst forRead MorePakist A Regional And Middle Power1046 Words   |  5 Pagesmiddle power, Pakistan has the seventh largest standing armed force in the world and is a nuclear power as well as a declared nuclear-weapons state. They are the only nation in the Muslim world and the second Country in South Asia to have that status. It has a semi-i ndustrialized economy with a well-integrated agriculture sector; its economy is the 26th largest in the world in terms of purchasing power and is one of the largest growing economies in the world. The goal of this paper is to give a betterRead MoreA Comparison of Life in Four Contrasting Countries: The USA, the UK, China and Bangladesh1652 Words   |  7 Pagesincredibly flat, with much of the country below one meter sea level. The USA , UK and China have mountain ranges, such as the Rocky Mountains in the USA, the Ben Nevis in the UK and the Himalayas in China. Natural Resources The USA has the worlds largest coal reserves, with a total of 491 billion tons. This accounts for 27% of the worlds total coal reserves. The UK and China’s main natural resources are coal, petrol, natural gas and iron ore, whilst Bangladesh’s are natural gas, arable land, timberRead MoreWhen we as in the individuals think about what a Superpower is, we usually think that it’s pretty1000 Words   |  4 Pages The superpowers countries in the world are most effective in doing some political or either economic decisions. There are a number of factors that you must contribute to become a superpower including military resources, political influence, economic power and human resources. Military power is the most valued consideration that helps in becoming a country superpower. France for instance, its economy is ranked as the ninth largest in the world and fourth largest in the Europe by purchasing powerRead MoreIndonesia Is An Archipelago Nation Consisting Of More Th an1591 Words   |  7 Pagesthe Second World War Indonesia declared independence. After the Indonesian Independence Revolution, the Dutch granted Indonesia sovereignty in 1949 (Ricklefs 1991) (Reid (1973). Indonesia is the world’s third-largest democratic state, and has the world s fourth-largest population (UN 2016). In addition, Indonesia is the most populous Muslim country, where a relaxed form of Islam blends well with its secular style of democracy (CIA 2017) (UNSDIR 2009). Regional Influence Indonesia s economy is the

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