Asia Pacific Economic essays

Asia Pacific Economic essays The purpose of this report is to analyze the business process in Asia by planning a business venture in China. The report will present and apply knowledge in terms of the strategic business planning and development process. With nearly 1.3 billion people, the Peoples Republic of China (PRC) is the worlds largest country and the worlds fastest-growing economy. Since its opening to the outside world in 1978 China has begun building a modern, internationally oriented industrial economy based on imports of technology and export-oriented production (Genzberger A. C, 1995, P1). Chinas political, economic and investment environment are changing, albeit gradually, and it has a growing core of forward-looking technocrats committed to economic reform. 2.1 What analysis would you want to undertake before actually considering market entry into China. Australia is Chinas thirteenth largest source of utilized FDI (foreign direct investment), with 2500 direct investment projects in a wide range of fields (China Daily, 4 Jan 1997). Evidences show that sixty per cent of Australian firms were interested in China, citing the huge potential of the market, low labour costs and Australias economic interests being largely in East Asia. Although there were a lot of barriers during investment process, for example, a complex and often conflicting system of administrative controls regulates access by foreign investors to Chinas market, the limited availability of foreign exchange, inadequate protection for intellectual property, barriers to market access and production controls, treatment hat is unequal when compared with that of domestic companies, and the lack of an adequate mechanism for resolving disputes (Genzberger A. C, 1995, P43), the number of Australian cumulative investment in China increased to around A$1 billion, with realized ou tlays averaging over A$200 million per year recently- mostly in manufact...

The Statue of Libertys Origins in Egypt

The Statue of Liberty's Origins in Egypt No, Miss Liberty of Statue-of-Liberty fame wasnt always imagined as the scowling, linebacker-throated Midwestern matron of steely spiky Germanic stock that she is today. She was supposed to look like an Arab peasant, robed in the folds of Muslim precepts. She wasnt even supposed to be eternally standing at the entrance of New York Harbor, warning new arrivals to the New World about New Jersey to her right. Thats all schoolbook revisionism designed not to traumatize young American pupils with the reality behind Liberty: that she was supposed to be the welcome maam at the entrance of the Suez Canal in Egypt, that her name was supposed to be either Egypt or Progress, and that the flame she was brandishing was to symbolize the light she was bringing to Asia, which had claims to newness all its own. Lighting the Way to Asia All this from the imaginative scruffles of Frà ©dà ©ric Auguste Bartholdi, the Alsatian-French sculptor whod fallen in love with his own Orientalist fantasies about the Middle East after a trip to Egypts Luxor spreads in 1855. He liked Egypts colossal sculptures, those granite beings of imperturbable majesty with their eyes seemingly fixed on the limitless future. He liked just as much the then-fashionable notions of Europeans thinking themselves the Orients the best thing since unsliced baklava. Bartholdi returned to Egypt in 1869 with the blueprints for a toga-draped giant of a woman whod double-up as a lighthouse at the entrance of the Suez Canal, which opened that year to fanfare and (British and French) stockholders delight. The Suez Canal may have been in Egypt. But Egypt wasnt reaping its monetary benefits. The American Civil War had done wonders for Egyptian wealth thanks to the blockade of Southern cotton, which turned Egyptian cotton into gold. But the price of cotton crashed after the Civil War and so did Egypts economy. Suez revenue could have picked up the slack. Instead, it went into the pockets of European investors (until Egypts Gama Abdel Nasser nationalized the waterway in 1956, to the disingenuous fury of France and Britain). From Lady Egypt to Lady Liberty As Bartholdi was sketching one likeness of his great statue after another, it became apparent that his plan would never get Egypts financing. Bartholdi was crushed. He sailed to New York. And there, as his ship was entering New York Harbor, he saw Bedloes Island, deserted, oval-shaped, perfectly positioned to bear his creation. She wouldnt be Egypt. But shed still be Bartholds. He worked out an arrangement with Gustav Eiffel to build the statue in 350 pieces in Paris, for the French government to pay for the statue (that was back when French and Americans had more respect than reproach for each other), and with American donors to pay for the 89-foot pedestal. Bartholdis goal was to have the dedication coincide with the centennial of the American Revolution, somewhere around July 4, 1876. It happened a bit later, on Oct. 28, 1886, with a military, naval and civic parade in Manhattan, ending at the Battery at the tip of the island, with Gen. Charles P. Stone, who as the statues American engineer, was essentially its midwife, was the parades grand marshal. She was no longer an Egyptian woman. She was Liberty Enlightening the World. New York Inaugurates Liberty The weather did not cooperate. The rain was so bad that a New York Times editorial called it almost a national misfortune that robbed the pageant of much of its effect. Not that U.S. President Grover Cleveland was going to miss a chance to make himself slightly immortal by association with Lady Liberty as he accepted this grand and imposing work of art, though in words of granite neither grand nor imposing: This token of the affection and consideration of the people of France assures us that in our efforts to command to mankind a government resting upon popular will, we still have beyond the American continent a steadfast ally, while it also demonstrates the kinship of the republic. At that point, the historical record notes that there were loud cheers, not least those wondering who wrote that stuff. But Cleveland got a bit more colorful in his next salvo: We are not here today to bow before the representative of a fierce and warlike god, filled with wrath and vengeance, but instead, we contemplate our own peaceful deity keeping watch before the open gates of America. Well, the battleship Tennessees warlike batteries, which had just boomed, notwithstanding. Instead of grasping in her hands the thunderbolts of terror and of death, she holds aloft the light that illumines the way to mans enfranchisement. More cheers. Libertys light, he concluded, shall pierce the darkness of ignorance and mens oppression until liberty shall enlighten the world. Egypt Forgotten Of Egypts inspiration in all this, not a word. The majority of the hundreds of thousands of immigrants from the Middle East, Egyptians among them, would never know the statues genesis, only their own. And their own, to this day (even though theyve long ago stopped sailing into New York Harbor as immigrants), remains one mired in the authoritarian, unfree grasp of regimes from the Hindu Kush to West and North Africa that have yet to see the light Cleveland spoke of, and Bartholdi imagined. One last irony: Bedloes Island was not officially renamed until many years later when it became Liberty Island. The year? 1956. Gamal Abdel Nasser must have smiled.