Question

1. Your boss tells you to "consider China" as your firm's next export market. Upon further review, you learn there are "two Chinas". Please answer this question set, while numbering your answers: (1) What is meant by this statement? (2) Which "China" does the U.S. recognize? (3) Do all countries recognize the China with its capital in Beijing? If not, why not? (4) Why do many people consider this area as a "flashpoint" for war?
2. What is meant by the statement, as it relates to foreign aid: "Aid benefits the giver more than the receiver."? How does this relate to the theory of realism? What three countries received the most air from the U.S., and why?
3. You are thinking of opening a new Widgets factory in China in order to compete with Chinese manufacturers for a share of the local market. Name (and number) three types of political risk that you might encounter and give a detailed and real example of three foreign firms that faced one of these risk (other than the cases discussed in class). Finally, what steps would you take to avert that risk?
4. The United States recently announced a round of economic sanctions on Russia (1) What is the background to these sanctions (2) What has Russia done in response (3) Why couldn't the UN Security Council do something about them (4) Why should companies be concerned with what appear to be political issues?

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1. Your boss tells you to "consider China" as your firm's next export market. Upon further review, you learn there are "two Chinas". Please answer this question set, while numbering your answers: (1) What is meant by this statement? (2) Which "China" does the U.S. recognize? (3) Do all countries recognize the China with its capital in Beijing? If not, why not? (4) Why do many people consider this area as a "flashpoint" for war?
(1) The two China’s being referred to are a) the People’s Republic of China which now controls mainland China and b) the Republic of China (RoC) located just offshore in Taiwan.
(2) The US recognizes People’s Republic of China with its capital Beijing in mainland China, but also strongly supports Taiwan and recognizes that it claims to also be “China”.
(3) Most countries recognize the People’s Republic of China with it capital in Beijing because it holds a council seat on the United Nations. However, some countries recognize the true China as the RoC that used to also rule mainland China before the communists took over.
(4) The People’s Republic of China on the mainland considers democratic Taiwan a renegade province and would like to take it over by force. Without the strong US support that Taiwan enjoys, that probably would have already occurred. Because tensions are so high regarding this issue, it is considered a “flashpoint” for war....

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