Explain what challenges do China’s business groups face today relative to those of Japan’s and South Korea’s in the 1950s, 1960s and 1970s?

The school has provided me with the question for my coming exam, hence I would need a model answer for the question in order to practice and memorize before I sit the exam. Please note that this is the exact question that will come up. The key readings are listed in the file. I preferred who are expert in writing the criteria of the China Business.

The module is: East Asian Business in the Global Economy.

The exam question is

What challenges do China’s business groups face today relative to those of Japan’s and South Korea’s in the 1950s, 1960s and 1970s?

And the minimum required for this exam question is

 A good knowledge of East Asian business group development in a country example (China, for example: are there large diversified groups in China? Have they grown quickly? Have the governments’ policies been successful? What kind of policies were used, and so on).

 An industry example (we look at the auto industry in detail: what has happened to the global industry and what are the implications for East Asian businesses).

 An understanding of the diversified business group. Why do such groups emerge and what are the difficulties such groups may face today?

 Historical background

 Origins of development/industrial policies

 Forms of ownership/control

 Nature of labour usage, management

 Financing sources

 Mutual insurance, risk-sharing mechanisms

 Similarities and differences in response to AFC/GBR

 Key sources: Lecture 9, Lincoln and Shimotani, Kim

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