Update China: technology transfer and trade

Article Abstract:

US firms which want to do business in China should be aware of how technology transfer and trade has been accomplished under China's 'Open Door' policy. Currently, because China is still trying to determine whether to focus on a free market or centrally planned economy, technology transfer processes have been erratic and priorities have not been set. China needs to focus more on developing both soft and hard technology, as well as on enhancing innovations and productivity. The country will need to acquire foreign technology to reach its goals, and promote training of its labor force. Issues which affect the acquisition of technology include: establishing intellectual property rights, setting prices, and establishing trustworthy relationships between buyers and suppliers. The US has been a major supplier of technology to China, but US corporations need to try even harder to enter the Chinese marketplace by increasing their direct marketing efforts.

China, Chinese foreign relations, United States foreign relations, Technological innovations

---

Trade with Canada under the FTA

Article Abstract:

The Free Trade Agreement (FTA) between Canada and the US eliminates many of the previous trade restrictions and provides a legal framework for the resolution of remaining issues. The FTA's objectives include: eliminating tariffs; reducing federal and provincial non-tariff barriers to trade; developing rules for regulating international trade in service industries; improving copyright protections; and achieving tighter control over subsidiaries. Several major industries including automobiles, agriculture, and banking will benefit from the reduction of trade restrictions. Additionally, the creation of a bilateral problem resolution system will increase the dispute system's efficiency, expand the scope of concerns to include tariff and non-tariff barriers, and put the US and Canada on similar legal footing.

Analysis, Canada

---

The foreign trade deficit - causes and solutions

Article Abstract:

The US foreign trade deficit is commonly blamed on the strong value of the US dollar, high labor costs, misguided trade policies by the US government, and unfair trade practices by other governments. There are several factors that are often overlooked, such as the failure of the US to adopt the metric system. The US is the only major industrialized country in the world that does not use the metric system. The perceived quality of US goods is poor. US tax laws punish US citizens who live abroad, and hostile takeovers have a negative effect on industrial efficiency. The US should not respond to the trade deficit by imposing protectionist trade measures. Outdated antitrust laws which put US industries at a disadvantage to foreign competition should be repealed.

International aspects, United States economic conditions, Balance of trade

Similar abstracts:

• Abstracts: Extending technology: the estimation and control of costs. Technology control regimes and the globalization of space industry
• Abstracts: Incomplete contracts and the make or buy decision: governance design and attainable flexibility. Sales automation: for many companies, a 'final link' in global management

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.