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Essay / Research Paper Abstract
This 5 page paper considers the fact that the development of trade between the countries of Asia has enhanced the capacity to maintain an international business base, and has supported the development of commerce in countries like China, Hong Kong, the Republic of Korea, Malaysia, Singapore and Taiwan. The development of an international Asian business concept requires a consideration of the trade theories, trade restrictions and the history of the existing business climate, including the impact of the substantive economic change and currency fluctuations in recent years. Bibliography lists 5 sources.
Page Count:
5 pages (~225 words per page)
File: MH11_MHAsiaB2.rtf
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Unformatted sample text from the term paper:
the Republic of Korea, Malaysia, Singapore and Taiwan. The development of an international Asian business concept requires a consideration of the trade theories, trade restrictions and the history of
the existing business climate, including the impact of the substantive economic change and currency fluctuations in recent years. Perhaps the most significant economic concept relative to the development of an
international Asian business concept is the notion of economic liberalization. Though significant economic changes in countries like China, Korean and Malaysia have become evident over the last few years,
the call for economic liberalization is not a new process in these countries, and instead can be linked to economic changes in the 1980s. Unfortunately, the early transformation and
initial euphoria over the process of economic liberalization and the introduction of Western trade initiations was shattered by specific political events, including political issues in Korea, the transfer of the
political governance of Hong Kong and the events surrounding the Tiananmen Square incident of 1989 and subsequent demonstrations during this period of initial economic growth (Mason, 1994).1 Historians
and economists have argued that the process of economic liberalization and the pursuit of a higher degree of economic expansion have resulted in significant divisions between workers, the upper class
and the government, and the question of the viability of the international business climate and trade developments between participating countries (Mason, 1994).2 Despite the remarkable growth in the Chinese
economy, for example, the costs and benefits of reform have been "allocated not by personal market forces nor the authority of the party but by corruption and favoritism" (Mason, 1994).3
Though just one example of the problems that have extended from economic changes, the history behind the issues in China define the questions of the application of economic liberalization
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