Week10GlobalizationContentGlobaltradein2010-TheworldfactbookCIAValueofworldmerchandisetradebyregion,2000-2008–WTOGrowthinthevolumeofworldmerchandisetradebyselectedregionandeconomy,2000-2008--WTOThelargestU.S.partnerswiththeirtotaltradeinbillionsofUSDollarsin2010--UnitedStatesCensusBureauWhyhasChinaachievedsomuch?Cheapproduct?Cheaplabour?OranotherfactorthatChinahasexcelledin?Shanghai7yearsago2.1Chinamanufacturingfacts?2009WorldCarmanufacturingranking2.2WhatChinawas30yearsago?BeijingTransportationTodayBeijingTransportation1978Land–YesPeople-YesMachinery-NoTechnology–NoInternationalmarket-NoCapital–NoRawmaterial–NoReputation–No2.3WhyChinabecometheworldfactory?-PoliticalandRegulationsviewPoliticalandRegulationsview?LongtermFreelandleaseTaxbenefits-Nonetaxforthefirst3yearsandhalftaxonthefollowing3yearsLowinterestloanfromthebankStablesocialenvironmentAdoptionofinternationalbusinesspracticeFarmLandleasetothepeasants.MeasureGovernmentperformanceagainstthelocaleconomicdevelopmentSkyscrapersriseinShenzhenin1990&2008PoliticalandRegulationsviewPoliticalandRegulationsview2.4WhyChinabecometheworldfactory?-SocialandEconomicalviewChineselabourChinesemarketChineseRawMaterialsChineseSuppliersChineseSubcontractorsSocialandEconomicviewFoxconninChina"Noteveryonelikesflappingfishhead".Acaseofculturalconfusion--By:RichardSpencerCultureDifference-Whywearedifferent?3.2Standardsdifference3.3Operationaldifference3.4logisticsdifferenceOtherissues?ShengliStoryHaierAustraliaStoryTDESStoriesTDESStoriesTDESStoriesHowcanweworkinglobalizedeconomy?Howcanweworkinglobalizedeconomy?Howcanweworkinglobalizedeconomy?Howcanweworkinglobalizedeconomy?