Business in China

chinas brand-new entrepreneurial class is growing -- and companies the likes of McDonalds and KFC be vying to extract the best and brightest for their franchises. In preparation for entering the World trade in Organization, China is adopting standardized franchise regulations. Now that China datems to be adopting the rule of law, all sorts of good and entirely predictable things argon happening on the trade front. Among them: Western companies argon no longer afraid they will lose their trade secrets and brands if they bourdon extinct franchises. In fact, those companies now are actively pursuance break through Western-educated entrepreneurs in China to become franchisees. An hold in choke weeks Wall Street journal profiles this new entrepreneurial movement. The Journal is subscription only, but luckily I put in a offprint of the article with open access on the Bain & connection website. The first McDonalds franchisee in China, Meng Sun (a fair sex by the way) is quoted in the article as registering: Before, plurality in China couldnt imagine being an entrepreneur. They only tried to build giving state-owned companies, Ms. Sun says. But now, its getting better, as people see that even bank note Gates is an entrepreneur. either of which goes to show that happy belongings rights and the rule of law that protects them are crucial to a halcyon entrepreneurial culture.

The reference to Bill Gates has special meaning, also. lately he was lambasted for suggesting -- in a rather poor pickaxe of analogies -- that those who want to limit intellectual property rights are s omething like communists. As clumsy as his c! omments were, and as twisted out of context as they were taken, thither is a lot of fairness to his words. He said: ...Id say that of the worlds economies, theres more that believe in intellectual property immediately than ever. There are fewer communists... If you want to get a full essay, order it on our website: BestEssayCheap.com

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