Nida KarabeyoğluNarod Karasaban

Every morning in Africa , a gazelle wakes

up.

It knows it must run faster than fastest lion

or it will be killed.

Every morning a lion wakes up.

It knows it must out run the slowest gazelle

or it will starve to death.

It doesn’t matter whether you are a lion or

gazelle.

When the sun comes up, you better start

running.

China joins the WTO in

2001 and it changes everything.

China joined WTO. American and western companies think they can benefit from the occasion and want to run their business there. But;

Pro’s ( + ) Con’s ( - )Cheap labor Cheap laborLow taxes Low taxesInvestmens Investment opportunities opportunities SO?

Oded Shenkar (from Ohio State University) :

‘’Shaving 5% and there wont work. You need an entirely new business

model to compete , and entrepreneurial zeal to do whatever it takes to

please big retailers such as Wall Mart Stores,

Target , Best Buy and J.C Penney.’’

“China is a threat, China is a customer, and China is an opportunity.” Kenichi

Ohmae

According to critics of Chinas business practices Chinas sizes and economic power will soon be leading the global flour to low wages low work place standards and lax labor laws. This is called ‘China’s Price’.

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