After researching these issues, write a 4- to 5-page paper answering the following question:
• How will the new reforms in China impact the success of Wal-Mart's expansion plans?
In your answer, consider the following issues:
a. The risks involved in expanding to China-include political and legal risks as part of your answer along with other risks that you think may be relevant.
b. How specific aspects of China's reform plans and political changes will impact the business environment that Wal-Mart will face. Include proposed regulatory reforms and the recent crackdown on corruption in China as part of your answer.
c. The potential benefit of Wal-Mart's expansion to China.
Hints-
• First read in-depth the background materials for Module 1.
• Identify key concepts in the background materials, write a list, and study them.
• Read the case in-depth and conduct additional research, if necessary.
Develop arguments by applying the concepts of international business from the background materials to Walmart's expansion plan in China.