Business Applying Concepts Article Example | Topics and Well Written Essays - 750 words

Business Applying Concepts - Article Example This is a significant issue that the US must substantially change within the Chinese perspective in order obtain trust from them and maximize its foreign investment with them (Asia Society, 2011). This in the long run would substantially improve relationship between them and other future rising economies. For the mean time, the US just needs to increase its foreign direct investment so as to create more jobs for its people, increase Federal taxes, and eventually bring back again its status to a strong economy just like from the past. The US has been through various political challenges and economic changes. Many things have changed because of these. The US woke up one day and found out that the sleeping giant economy of China started to work its way up to vibrant dominance leaving its very own economy behind. Now, its substantial goal must be to create dynamic and attractive economic atmosphere preparing a special place for China for it. After all, it would be a mess on its part to d isregard the great potential of China to back up its economy. For instance, China is known to produce low-cost service and product offerings. If the US would want to create again a cutting edge economy, it needs to consider some important moves. One of them is to create effective value chain with China. After all, the manufacturing cost gap between US and China is shrinking. This in return would help attract China’s economy to invest further in the US. This would allow the US economy to become as much as possible comparable to what China has been offering to the world market. Based on this issue, one essential thought would be is that the modern internationalization of business for instance based on the case of China and the US is about trust and building of relationship. This could only be substantiated if effective policies are implemented, political challenges are addressed and effective foreign direct investment is emancipated. The challenge now on the part of the US is o n how it could maximize its foreign direct investment with China especially now that the latter has variety of choices which to conduct business with. Furthermore, the entire world looks forward to initiate direct investment with China. China’s value therefore substantially rises, allowing it to open many doors for its future economic performance. The US without question still has the influence over the world. At present, it is dynamic with implementing international law which at some point may have significant contribution to its future economic condition. Establishing a remarkable law towards foreign direct investment with China is at some point a reliable and even sustainable way of ensuring trust and relationship. China may have bad experience in foreign direct investment with the US in the past, but the entire issue was based on existing rule, policies and procedures. The US may have potential control over them and create a way for reform. What is important at this point is to make the US market economy appealing to China, creating a reason on the part of the latter to engage direct investment into the US economy because of remarkable advantages on its part. However, due to the US’s economic situation at present, China may have certain level of hesitation to fully engage itself with the US economy. However, even if this would be the kind of reasoning on the part of China, the US may