INTERNATIONAL BUSINESS EXPANSION
International Business Expansion
The emergence of China as the world’s manufacturing hub happened in a much shorter span of time compared to the time it took for U.S or U.K to industrialize. China took just over a decade to double its GDP per capita and improve the living standards of its people ever since 2001, when it entered the World Trade Organization and opened up its borders welcoming investors from all over the world. There have been a host of favorable factors that made China the global manufacturing hub. Some of them include the abundant availability of cheap ...