The quality problems of Chinese products show up almost every month. It is the experience of most developing countries on their way to a developed country. The last one is S. Korean which adopted a similar model as Japan. What have not been reported extensively are the improvement of the Chinese products and why Chinese will compete with the best in the world. The … [Read more...] about (Letter from TonyP4) The Chinese are coming!
No, China will not buy GM, Ford or Chrysler. But there is another way - a scheme of division of labor in which the U.S. will focus on design and innovation while China on manufacturing efficiency. … [Read more...] about (Letter from BC) Can China Save American Automakers?
Culture, Society and Business The principles of business transactions are based on cultural values. To define culture we must first know where culture comes from. Culture comes from a mutual interaction between individuals, groups, subcultures and societies. Values, ideas and ideology are passed down from one generation to the next. Gradually over time they adapt to change … [Read more...] about (Letter from oldson) Chinese and American Culture
[Update inserted at the end] The U.S. Fed chairman Bernanke gave some amazing recycled remarks to the International Monetary Conference on June 3, 2008. In that speech, he offered some gems of wisdom such as: In the financial sphere, the three longer-term developments I have identified are linked by the fact that a substantial increase in the net supply of saving in emerging … [Read more...] about So China is responsible for the sub-prime loan crisis as well?