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System & Device Check
About the Class
China’s unprecedented growth and the opportunities it presents are no longer a secret to anyone in the business world. While megacities such as Beijing and Shanghai have long captured much of the spotlight, it is behind the scenes in second-tier cities where one can witness the real source of China’s economic growth. Unlike what one might expect, the majority of China’s imports are not ending up in Shanghai, Beijing, or Guangzhou. Rather, a select group of thirteen second-tier cities1 account for an astonishing 53% of China’s total imports, almost double that of the three mega cities combined.
Local entrepreneurs in these emerging cities are not the only ones reaping the benefits. These cities have become importing havens and present lucrative opportunities, especially for US companies. Perhaps the critical question for American firms is not whether there is a second-tier city market, but which region is best for a particular industry or product.
India is the world’s second most populous country with a little over 1 billion
people and the 10th in terms of economic size, representing around 1.2% of world GDP in 2004. It has a market which has been largely closed to foreign media companies until relatively recently. There has, however, been a resurgence of interest in recent months among large corporations in the opportunities there.
India continues to enjoy a period of sustained economic growth. The
government has launched a campaign “India is Shining” to rally
enthusiasm for modernization and growth. International business
is once again putting India on its development agenda.
In Japan, the initial framework for the current “u-Japan” strategy was created as “e-Japan”, started on January of 2001. At first the aim was to create the world’s most advanced IT nation. During the first stage targeted for 2005, the plan was to support the rapid development of a reasonable broadband infrastructure.
Language of instruction:
English
