Business With China: A Critical Evaluation Of Lure And Challenges

This paper examines the significant historical and socio economic development in China over the past quarter century and summarizes the main features of the pre-reform economy and the main strategies adopted by china as it began its quest for economic progress. The paper also evaluates the consequences of Chinas market reform and the challenges to this new economic power. The objective of the paper is to discuss both opportunities and risks in doing business in China and to provide and understanding of what compels so many firms to so boldly seek to establish a presence in China while taking substantial risks in doing so. The research concludes that, investment and business opportunities in China would outweigh the risk and challenges faced by potential investors. The paper examines the elements contributing to Chinas reform, including pro market reform, economic growth, and the rate and significance of FDI in china. Investment challenges include: corruption, mostly unfree economy, low ranking in ease of doing business, undervalued Yuan, and lack of proper intellectual property rights. The research points to positive indicators such as: Chinas economic development growth (i.e. GDP growth at 9.9% in mainland and 12.4% in Zhejiang); Chinas entry in WTO relaxing foreign investment restrictions; infrastructure development transit, energy, telecommunications, etc.; and the impact of the market reform - Chinas economic growth rate among the highest recorded during the past three decades. The examination of risks and challenges, reveals (1) the Driving Forces for business investment in China which include: rapidly expanding economy; growth in Chinese consumer purchasing power; and economic Power & other Indicators; and (2) the issues of concern such as: excess capacity in industrial sector, export dependence economy, problem with banking sector, and potential unemployment problem. The paper concludes that despite potential and clear risks there are good and legitimate business and investment potential in China and among many factors to consider are: many incentives to consider business opportunities and potential benefits; rising personal income and spending power in China; and increase in per capita income at steady rate of 8% since 1980, currently estimated at $3000.

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The Importance оf Small and Medium Enterprises in the Economic Development of Eastern Europe

WSEAS TRANSACTIONS ON ENVIRONMENT AND DEVELOPMENT ◽

10.37394/232015.2021.17.84 ◽

2021 ◽

Vol 17 ◽

pp. 898-910

Author(s):

Petrunenko Iaroslav ◽

Iryna Khmarska ◽

Tetiana Tkachenko ◽

Hanna Koptieva ◽

Veronika Komandrovska

Keyword(s):

Economic Growth ◽

Economic Development ◽

Eastern Europe ◽

Small And Medium Enterprises ◽

Size Class ◽

Doing Business ◽

Ease Of Doing Business ◽

Medium Enterprises ◽

The Impact ◽

Micro Enterprises

An important engine of economic development of the country is the development of small and medium enterprises. At the same time, small and medium-sized businesses, being elements of the economic system, have a significant impact on the overall economic growth of the country. Thus, there is a mutual influence of economic units on the economy as a whole. The purpose of the article is to study the impact of small and medium-sized enterprises of small and medium-sized enterprises on the gross domestic product on the example of Eastern European countries. Methods: analysis, description, observation, comparison, generalization, induction, deduction, grouping, systematization, tabular and graphical representation. Results: The level of ease of doing business in Eastern Europe was analyzed according to the Ease of doing business ranking and it was found that the Czech Republic and Poland are among the 40 countries in Eastern Europe ranked 40th and 41st out of 190 possible. It is established that the subjects of small (including micro-enterprises) and medium-sized enterprises belonging to the non-financial sector, in the structure of all enterprises of the non-financial sector of each of the studied countries occupy more than 90%. It was found that a significant share in the structure of small and medium enterprises in Eastern Europe is occupied by micro-enterprises, while the share of medium-sized enterprises is the lowest. The results of regression analysis to determine the impact of small and medium enterprises on the economic growth of countries obtained by establishing the dependence of GDP on Turnover of the non-financial business economy by size class of employment. Revealed a high dependence of GDP Turnover of the non-financial business economy by size class of employment in all surveyed countries in Eastern Europe.

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Are Business Regulations Improving Economic Growth? Case Study between ASEAN and European Union

Jurnal Pendidikan Ekonomi Dan Bisnis (JPEB) ◽

10.21009/jpeb.009.1.5 ◽

2021 ◽

Vol 9 (1) ◽

pp. 44-53

Author(s):

Karuniana Dianta Arfiando Sebayang ◽

Belinda Febrina

Keyword(s):

Economic Growth ◽

European Union ◽

Gross Domestic Product ◽

Quantitative Research ◽

Domestic Product ◽

The European Union ◽

Doing Business ◽

Ease Of Doing Business ◽

Business Regulations ◽

The Impact

Economic activities require a transparent regulatory and policy environment that is accessible to all levels of society. This study aims to explain the impact of ease of doing business on economic growth in both ASEAN and the European Union since doing business indicators applied globally. Gross Domestic Product is used as a proxy variable for economic growth as Gross Domestic Product is an indicator to measure economic growth. This study uses a descriptive quantitative research model and uses multiple regressions to determine the effect of ease of doing business on economic growth in ASEAN and the European Union by comparing the result of each ASEAN and European Union. In this study it was found that in ASEAN, there are four indicators of doing business have significant impact to economic growth, while in the European Union five indicators have significant impact to economic growth.

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Network model for researching the impact of the increasing of division of labor on innovations and economic growth

Ekonomicheskie i sotsial’no-gumanitarnye issledovaniya ◽

10.24151/2409-1073-2020-4-60-69 ◽

2020 ◽

pp. 60-69

Author(s):

I.P. Timofeev ◽

Keyword(s):

Economic Growth ◽

Economic Development ◽

Economic System ◽

Division Of Labor ◽

Network Model ◽

Economic Development And Growth ◽

Economic Interpretation ◽

The Impact ◽

Further Development

The author offers a network model of the economic system designed to research the impact of increasing technological division of labor on the opportunities for economic development and growth. The article describes the main elements of the model and their economic interpretation, as well as the basic rules for its construction. An economic network consists of sets of producers, consumers and goods flows between them. The author shows how the model represents the appearance of various types of innovations. The author has outlined main directions of further development and researching the model.

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ANALISIS POTENSI DAN EFEKTIVITAS PAJAK HOTEL DAN RESTORAN SERTA DAMPAKNYA TERHADAP PAD DAN PERTUMBUHAN EKONOMI DI KABUPATEN MINAHASA

JURNAL PEMBANGUNAN EKONOMI DAN KEUANGAN DAERAH ◽

10.35794/jpekd.19775.19.6.2018 ◽

2019 ◽

Vol 19 (6) ◽

Author(s):

Jessy V. Tiwang ◽

Debby Ch. Rotinsulu ◽

Daisy S.M. Engka

Keyword(s):

Economic Growth ◽

Economic Development ◽

Positive Impact ◽

Tax Collection ◽

Local Revenue ◽

Starting Point ◽

The Impact ◽

The City

ABSTRAK Pembangunan ekonomi daerah khususnya Pemerintah Kota merupakan titik awal pelaksanaan pembangunan, sehingga daerah diharapkan bisa lebih mengetahui potensi dan apa yang menjadi kebutuhan daerahnya salah satunya peningkatan Pendapatan dan Pertumbuhan ekonomi melalui proses pemugutan pajak Hotel dan Restoran guna dampak sesuai yang diharapkan. Dalam penelitian ini bertujuan untuk menganalisis potensi dan efektivitas Pajak Hotel dan Restoranserta dampaknya terhadap Pendapatan Asli Daerah dan Pertumbuhan Ekonomi di Kabupaten Minahasa. Berdasarkan hasil penelitian menunjukkan bahwa Pajak Hotel dan Restoran masih kurang berpotensi, sementara untuk tingkat efektivitas, Pajak Hotel dan Restoran menunjukkan angka yang efektif yakni rata-rata diatas 100%, dan secara bersama variabel Pajak Hotel dan Restoran memberikan pengaruh yang positif terhadap Pendapatan Asli Daerah, begitu pula secara bersamaan variabel Pajak Hotel dan restoran serta Pendapatan Asli Daerah memberikan pengaruh yang positif terhadap tingkat pertumbuhan ekonomi yang ada di Kabuaten Minahasa. Kata Kunci : Pendapatan Asli Daerah, Pertumbuhan Ekonomi, Pajak Hotel dan Restoran ABSTRACT Economic development areas especially the city is the starting point of construction , so that the regions is expected to be more aware of their potential and what has been one of the needs of the regions increase in income and economic growth through a tax collection hotel and restaurant to the impact as expected. In this study aims to to analyze the all the potential and the effectiveness of tax hotel tax and restoranserta what effect it had on the regional genuine income and economic growth in kabupaten Minahasa . Based on the research shows that hotel and restaurant tax potential is weak , while the effectiveness , hotel and restaurant tax shows a figure that is effective and above 100% , and together the hotel and restaurant tax positive impact on local revenue , this is also at the same time the hotel and restaurant tax and local revenue positive impact on the economic growth is in kabupaten Minahasa . Keyword : Local revenue, economic growth, hotel and restaurant taxes

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Learning Losses Caused by the Covid-19 Pandemic - A Significant Threat to Economic Development

European Journal of Education ◽

10.26417/175nzz76a ◽

2021 ◽

Vol 4 (1) ◽

pp. 92

Author(s):

Tea Kasradze ◽

Nino Zarnadze

Keyword(s):

Economic Growth ◽

Economic Development ◽

International Organizations ◽

Positive Impact ◽

Secondary Data ◽

Market Demand ◽

Local Policy ◽

Education Systems ◽

Increase Productivity ◽

The Impact

Numerous studies show that there is a positive correlation between education and the economic development of the country. Strong education systems have a positive impact not only on the success of individuals but also on the economy of the entire country. Graduates equipped with the skills required by the labor market can easily find a place in this market. Knowledge and skills relevant to market demand increase productivity have a positive impact on economic growth and development. Unfortunately, Covid Pandemic has severely damaged the education systems. Governments, scientists, and experts provide us with statistical information daily around the world about both the slowdown in economic growth as a whole and the problems of individual sectors of the economy. These are the problems and numbers that are already visible and it can be said that the losses are easily measurable. However, the damage caused to the economy by education systems affected by the pandemic will be felt by countries and humanity years later, nor will it be easy to calculate. The problem is even more difficult in poor and developing countries. This paper aims to study the impact of the Covid Pandemic on the education system and economy in Georgia. The research examines the reports and studies of various international organizations, analyzing the secondary data obtained from them. Local policy documents, government reports and regulations, and papers of different researchers have also been studied, conclusions have been made and relevant recommendations have been developed.

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Analysis of The Impact of The Region Expansion on Economic Growth (Case Study: Expansion of North Toraja Regency from Tana Toraja)

Jurnal Office ◽

10.26858/jo.v5i1.9235 ◽

2019 ◽

Vol 5 (1) ◽

pp. 1

Author(s):

Samuel Randy Tapparan ◽

Abdul Wahab

Keyword(s):

Economic Growth ◽

Economic Development ◽

Data Collection ◽

T Test ◽

Regional Government ◽

The People ◽

Analysis Technique ◽

Autonomous Regions ◽

The Impact

The increasing number of regions proposing themselves to form new autonomous regions since the enactment of Law Number 32 of 2004 concerning "Regional Government", aims to improve economic development and the welfare of the people in each region. The purpose of this study was to analyze the impact of regional expansion on the economic growth of North Toraja Regency. The Technik of data collection in this study uses the documentary Technik, which is in the form of reports from relevant agencies. The analysis technique used is by using the independent sample T-test. The results of the study show that regional expansion has an impact on the economic growth of North Toraja Regency.

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The Impact Of Macroeconomic Factors In Economic Growth

European Scientific Journal ESJ ◽

10.19044/esj.2016.v12n7p331 ◽

2016 ◽

Vol 12 (7) ◽

pp. 331 ◽

Cited By ~ 1

Author(s):

Alush Kryeziu

Keyword(s):

Economic Growth ◽

Economic Development ◽

Public Debt ◽

Budget Deficit ◽

Econometric Model ◽

Macroeconomic Factors ◽

The Public ◽

Time Period ◽

Macroeconomic Indicators ◽

The Impact

In this paper will be discussed the main concepts and trends of the macro-fiscal indicators in economic growth, as well as their importance in the economic development of different countries, with special emphasis in Kosovo. One of the aims of this paper is to define and explain the connection between macroeconomic indicators with specific emphasis: the public debt, budget deficit and inflation on economic growth. In order to analyze this impact of variables in economic growth, the targeted time period of research is the period from 2004 to 2014. While the data taken regarding Kosovo were obtained from the year 2005, due to the fact that earlier the data have been limited because of the developments in which Kosovo went through. The model that best represents the link between macro-fiscal indicators on economic growth is the linear regression as an econometric model. We will have the opportunity to see and interpret these data. The overall results have emerged in accordance with theoretical discussions presented, but this relationship has not turned out to be very strong because the coefficients acquired did not have great explanatory skills for economic phenomena.

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The Evolution of Economic Activity in the Rural Area of Region 2 South - East

SHS Web of Conferences ◽

10.1051/shsconf/20219501007 ◽

2021 ◽

Vol 95 ◽

pp. 01007

Author(s):

Daniela – Lavinia Balasan ◽

Dragoş Horia Buhociu

Keyword(s):

Economic Growth ◽

Growth Rate ◽

Economic Development ◽

Economic Activity ◽

Labour Force ◽

Standard Of Living ◽

Economic Growth Rate ◽

Current State ◽

Per Capita ◽

The Impact

When we talk about economic development, we can refer to improve the standard of living and the prosperity of the population. This is due by increasing per capita income. In order to analyze economic activity, severe indicators must be studied, namely productivity, economic growth rate, labour force share, gross domestic product. In order to carry out as accurate an analysis as possible, it is required to discover the bottlenecks and problems that Region 2 South East makes and to develop a set of reservations and indications leading to the reduction and, why not, the removal of negative aspects. The main purpose of this work is to achieve a strategic plan by studying the current state and the impact of the economic system in recent times in all its forms, with a view to the development of the countryside of Region 2 South – East. I set out to create a website based on the advice of small rural entrepreneurs that evolves gathering information in realistically identifying all the strengths and concentrating them in the region’s potential innovation.

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Doing Business in Africa and African Business Opportunities

Emerging Business Opportunities in Africa ◽

10.4018/978-1-4666-4570-7.ch006 ◽

2014 ◽

pp. 119-166

Keyword(s):

Economic Development ◽

Foreign Direct Investment ◽

Direct Investment ◽

Foreign Direct Investments ◽

African Countries ◽

Performance Levels ◽

Doing Business ◽

Business Opportunities ◽

And Performance

This is a key chapter in this book. It is central to the book’s message and explains fully the concept “doing business in Africa.” The chapter further classifies African business opportunities into enabling and specific opportunities. Specific opportunities are precise areas of Foreign Direct investments. The enabling opportunities are resources and institutions that make investing and doing business in Africa possible and easier. These resources and institutions include USA, European, Chinese, Brazilian, and Indian strategies to promote investment and “doing business in Africa.” These strategies further include linkages and several USA, European, Indian, Brazilian, and Chinese institutions focusing on promoting African trade and business. Moreover, the various perspectives of Foreign Direct Investment in Africa are elucidated and African countries are classified according to their economic development and performance levels.

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Energy Price and Energy Efficiency in China: A Linear and Nonlinear Empirical Investigation

Energies ◽

10.3390/en13164068 ◽

2020 ◽

Vol 13 (16) ◽

pp. 4068 ◽

Cited By ~ 1

Author(s):

Peng Hou ◽

Yilin Li ◽

Yong Tan ◽

Yuanjie Hou

Keyword(s):

Economic Growth ◽

Growth Rate ◽

Energy Efficiency ◽

Economic Development ◽

Energy Price ◽

Effect Analysis ◽

Economic Growth Rate ◽

Development Level ◽

Linear And Nonlinear ◽

The Impact

The empirical conclusions regarding the relationship between energy price and energy efficiency are relatively mixed. This paper systematically examines the influence of energy price on energy efficiency in China based on data from 30 provinces between 2003 and 2017, using linear and nonlinear effect analysis. We found that the impact of energy price on energy efficiency in China was positive in general. However, there existed heterogeneous effects of energy price on energy efficiency in various regions, and the effect differed with differences in energy efficiency levels based on the panel quantile regression analysis. Finally, the nonlinear effect analysis based on the panel threshold model indicated that the effect of energy price on energy efficiency increased with the rise of the environmental regulation level and economic growth rate, while it decreased with the ascent of the degree of energy price distortion and economic development level. In particular, when the value of a region’s economic development level and economic growth rate was within a certain range, the impact was not statistically significant. Overall, these findings contribute to a deeper understanding regarding the effect of energy price on energy efficiency in China.

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