The China Price
THREE LITTLE WORDS: THE CHINA PRICE
According to business journalists Pete Engardio and Dexter Roberts, the scariest three words that a U.S. manufacturer can hear these days are the China price. What is The China Price? In general, it means 30% to 50% less than what you can possibly make something for in the U.S. In the worst cases, it means below your cost of materials. Makers of apparel, footwear, electric appliances, and plastics products, which have been shutting U.S. factories for decades, know well the futility of trying to match the China price. It has been a big factor in the loss of 2.7 million manufacturing jobs since 2000. Meanwhile, America’s deficit with China keeps soaring to new records.
1)Go to the Internet and research “The China Price.” Once you’ve done your research, you should be able to explain the paradoxical effect of U.S.-Chinese business relationships— namely, that they can hurt American companies and workers while helping American companies and consumers.
2)Next, draw up two lists: a list of the top five positive outcomes and a list of the top five negative outcomes of recent Chinese business expansion for U.S. businesses, workers, and consumers.
3)Respond to this by sending me your lists of the pros and cons of China’s emergence as a global business competitor your thoughts and conclusion based on the following questions:
•Considered on balance, has China’s business expansion
helped or harmed U.S. companies, workers, and consumers? Justify your answers.
•What will happen to U.S. companies, workers, and
consumers in the future if China continues to grow as a global business competitor?
•How should U.S. companies respond to the threats posed
by Chinese competitors in their markets?
Response should be a minimum of 100 words.
The post The China Price THREE LITTLE WORDS: THE CHINA PRICE According to business journalists Pete Engardio and Dexter Roberts, the scariest three words that a U.S. manufacturer can hear these days are the China price. What is The China Price? In general, it means 30% to 50% less than what you can possibly make something for in the U.S. In the worst cases, it means below your cost of materials. Makers of apparel, footwear, electric appliances, and plastics products, which have been s appeared first on My Academic Papers.