An Emerging Market: China's Automobile Industry

China’s Automobile Industry
Where is the world’s largest untapped market for the auto industry? The answer is China, of course. It is following the same path to success that South Korean automakers took in the 1980’s. Now that China has joined the World Trade Organization (WTO), the elimination of trade barriers provides a great opportunity for foreign companies. China is an emerging market, a country making an effort to change and improve its economy with the goal of raising its performance to that of the world’s more advanced nations.
We’ll begin by analyzing the role of regional economic integration in Asia, the Asian Pacific Economic Cooperation (APEC). Then we’ll compare and contrast some of the economic development stages of the surrounding countries and the effects of the economic development for global business. We’ll also discuss the benefits of some of the major drivers of globalization in the Asian region. And finally it will be determined why the automobil...