Monday, March 5, 2007

Excited Companies versus Hesitant Governments

Watch this report on MSNBC.com by Brian Williams http://video.msn.com/v/us/msnbc.htm?f=00&g=e9cf567d-20fb-44e3-a64c-403235bd1af3&p=Source_Nightly%20News&t=c24&rf=http://www.msnbc.msn.com/id/3032619/&fg= . This demonstrates eager US companies like KFC, WalMart and Starbucks to get into the Chinese market, because they understand that the sheer number of consumers will undoubtedly result in unimaginably large profits. It also shows a quick clip of a representatative from the American Chamber of Commerce discussing the difficulties encountered when working with the Chinese Communist Party. However, the report overall demonstrates that multinational corporations will successfully enter the market anyways. An interesting aspect of this report is that it shows how western culture is infiltrating China. A Starbucks representative admits that China is a tea drinking nation, yet they will change that. This is exemplary of the negative affects globalization has on culture.