Investing in Taiwan Going global opens opportunities for a business enterprise, much as it does introduce a host of challenges to the entrepreneurs. Every market is unique, and there are a couple of issues which need to be addressed and understood before the decisions have been made. These could be categorized into political, economic, technological, and socio-cultural. In regard to political, one needs to assess such matters as political stability, regulations, and taxation (Lieh-Ching, 2011). On economy, economic cycles, industrial structures, resource availability, and the unemployment rates need to be addressed. The socio-cultural category brings together mobility, consumer behavior, income distribution, and the level of education. …show more content…
The economic good of the businesses and the people never mattered much (Wei & Dennis, 2005). Even if the situation has changed significantly since the death of Chairman Mao, considering Taiwan as a pivot to the business’ expansion into Asia makes sense. Taiwan’s Economy and Technology Taiwan is regarded as one of the Asian Tiger (or the Four Asian Dragons), and this is due to its high-tech industrialized economy. This has actually happened rapidly, considering that the contemporary Taiwan was only founded in 1949 following the brutal Chinese Civil War. Even though the current economic growth is low, the fact is that this is a major economy with a very low unemployment rate (at 3.78%), inflation rate (at 0.77%), interest rate (1.38%), and the government debt is also quite manageable at 31.2% of GDP. This means that the economy is stable unlike is the case with Japan where government debt is at 250% of GDP (Economic Indicators, 2017; Shri Sunshine Group of Institutions, 2012). One needs to invest in a country where the government will have minimal say in regard to the economic/business choices, and there is stability in regard to taxation and public debt (Jung-Tsung, 2010). On technology, Taiwan is a clean, convenient, reliable, and safe place to travel and transport goods. Communication is also reliable. Besides, all tickets and signs are in English, which means that even a significant section of the local
In Jonathon Edwards' homily Sinners in the Hands on an Angry God, he incorporates imagery, hyperbole and personification in order to persuade the audience they will spend eternity in hell if they do not repent.
Globalisation is the internationalization of trade and often forces businesses to adopt new strategies for operations to suit different cultures and economies. The often easily saturated domestic market has triggered many large
With today’s technology the global community has become closer than ever providing business opportunities in various countries. Entrepreneurs have been relocating to budding countries such as China, Brazil, the Caribbean, and
These effective strategies helped Hong Kong overcome the financial crisis. All these facts fully demonstrated that China is a responsible big country. After the Asia financial crisis, the importance of China's economy has been brought into focus; China's neighboring countries have begun to recognize the influence of the Renminbi.
Sex education, most commonly known as family life, is any information about sex and sexual relationships taught to maturing young people as a part of a school’s curriculum. Currently, there is a constant political and ideological debate in the United States over the merits of abstinence-only and comprehensive sex education programs in the teaching of our youth. Abstinence only sex education has been the primary sex education taught in the United States. Although different in their approach, the overall goal is to help them build a foundation to be able to make healthy informed decisions as they mature into adults. The objectives of sex education programs are to help adolescents develop a positive view of sexuality, body image and make responsible decisions in relationships (Knowles, 2012). Ultimately, any sex education should be a partnership between parents, guardians and school personnel. However, in recent years, a large amount of information about sexuality is acquired through friends, music, books and the media instead of from their parents. For some individuals,
The challenges of undertaking a global perspective in business will not only effect retailers and large corporations over the next decade, but will also play a heavy role in how the self-employed, entrepreneurs, and free-lance workers conduct business. Two of their biggest challenges – competition and
Over the past three decades, East Asia’s economy has developed rapidly with two economic giants, Japan and China, dominating the region’s economy. Japanese revived economy since post-war period has been heralded as a miracle as it showed remarkable improvement over the last thirty years. From 1960s to 1980s, Japan’s overall economic growth increased rapidly by 19%. Additionally, China’s economy had undergone extensive restructuring and the result was a tenfold increase in its GDP since 1978. As of 2014, China holds the title of largest economy in the world surpassing United States (World Factbook, 2014). This essay will analyze the differences and similarities of Japan and China in relation to their business systems.
The world offers significant business opportunities for every company, however, opportunities are accompanied by significant challenges for managers. Managing global operations across diverse cultures and markets represents a big challenge and opportunity for companies. To compete in the global market and be successful, companies must learn the strategies, policies, norms and technology necessary to conduct international business. The opportunities for global expansion are numerous, and attaining success is a matter of developing the right strategy to win local markets and its consumers.
The country has faced political turmoil for years together but has still managed to grow economically in terms of GDP, FDI, Tourism and exports. The country has performed better than the other neighboring countries in terms of attracting foreign capital in automotive industries and other manufacturing industries like consumer electronics
Within all nation-states, a political regime is imposed which attempts to protect the individual interests of that country, however, it can also have the potential to limit that countries economic development and the United States and China are no exception to this rule. This essay will discuss, analyse and contrast the distinct regimes of each nation with regard to their positive and negative aspects from the viewpoint of a potential foreign investor wishing to do business in either of these states. Each
The decision to go global and how to Adorn should choose which country to expand its operations into. Discussed are such aspects as G.D.P. and demographic trends
Recently, going global becomes a trend. As Crespy (1986) indicated, firms should turn themselves into global corporations otherwise they will lose out to the new wave. Therefore, not only big sized business, even the smallest businesses have already extended their businesses to foreign markets. One of the best examples is Coca Cola which is the champion
A1. China began its 2008, fiscal year with a continuing growth rate in double digits until the Global Financial Crisis struck the world leaving the United States and the Europe economically wounded. Though during the phase it was assumed China would be immune to the GFC, however the banks collapsing in the Europe and the America dragged China into a financial mess itself. The recorded GDP growth for the fiscal years 2009-10 were 9.6% and 9.2% respectively. (Li, Willett & Zhang, 2012). However, for other countries it might be delighted to have such a potent growth rate, it was missed that the
As trade increases hyper-competition grows forcing organizations to go global. By a company going global it requires them to rethink strategy and reform (Ananthram and Pearson, 2008). Global organizational structure is the way a company aims to merge local preferences with global strategy. The definition of global strategy is “strategic choices that have the characteristics of being globally uniform or integrated,” (Yip et al., 1997) such as standardization of products, uniform marketing, and competitive moves, but all globally (Townsend et al., 2004; Zou and Cavusgil, 2002; Bayraktar and Ndubisi, 2014). Global strategic strategy is a way to adjust to globalization. Globalization is “the economic and social process by which economies and communities grow inextricably interdependent “(Jhirad et al., 2009). The recent financial crisis (Das, 2010), large amount of poverty, and climate change are all problems that show how the world is globally connected because all countries impact each other (Jhirad et al., 2009).
The global economy has become more competitive and ambitious as companies of all extent pursue to bolster and broaden beyond domestic borders. The Internet and knowledge technology are among circumstance that have made it achievable for smaller firms to endeavour toward foreign markets.