For many global companies, China represents a very attractive market in terms of size and growth rate. Yet, it ranks lower in terms of economic freedom and higher in political risk than other countries' markets because it has a communist government. Despite these risks, many popular and reputable companies have established manufacturing operations in China.
This is largely because the Chinese government makes sales in China contingent on a company's willingness to locate production there. The government wants Chinese companies to learn modern management skills from other international companies and acquire technology. Some observers believe that when Western companies agree to such conditions, they are bargaining away important industry knowledge in exchange for short-term sales.
Answer the following questions based on the situation described:
Should companies comply with China's terms?
Should they risk losing sales by refusing to transfer technology?
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What is the country's environmental regulation level?
What kind of legislation has been passed in the country regarding working hours and wages?
Do you think the country's environmental regulation is sufficient? Explain.
Do you feel that the country's hour and wage legislation is ethical? Explain.
It must include a 2–3-page Word document that contains your answers to the 4 questions listed. You must also include a reference list in APA format.