Explain globalization in ever changing world


What we have to understand is that China is communist country and has certain laws in place which are specific to media and internet activity. As Americans we might not agree with them but I think that we have to respect that other countries are different and follow different standards and laws. From financial perspective, China is running their economy better than everyone else in the world. They have what I call restrictive capitalism. China has adopted some capitalistic traits though they are not full blown free-market capitalistic society. Maybe countries are better off that way. May be further governmental regulation is what is required to improve true economies. That obviously is the issue which is debatable. What we have to do as Americans is take good look at our economy and system of capitalism involving free markets. We also have to look at how we govern. Is it truly suitable to ever changing world where globalization is so prevalent? Another issue open to debate. Describe

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Business Management: Explain globalization in ever changing world
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