A Study On The Oriental Market Essay

This essay aims to provide more information in regards to the differences between the Australian and Japanese cultures, as well as fundamental insights into Japanese business etiquette and highlight important steps for effective communication when making business in a foreign country. As the Australian entrepreneur and owner of ‘The Aromatic Condiment Shop’ Emily is looking to expand her business deals in Japan it is paramount to make a favourable first impression and understand key points to better navigate cultural differences and grow her business.

Globalization has, for better or worse, altered the economic arena for every country in the world. For many less developed countries, globalization has leveled the playing field so that their economies can compete with the larger, more developed ones such as the United States and other large western economies. For instance, technical engineers in India and China are now just as qualified as engineers in America, but at half the cost. The once large and prosperous service sector in the United States as well as telemarketing services have largely been sourced to India as a large exodus of American multinational corporations find cheaper workers who deliver comparable quality. This then seems to be the essence of globalization - businesses

The market revolution in the United States brought a sudden change in the manual labor system originating in south and digressed to the north and later spread to the entire world. The integral part of the economic growth in the United States in the nineteenth century was a good thing that brought change in the market. In respect to the change, America took its first major step in creating the world’s most stable and strongest economy, which gave room for growth among the citizens.

During the late 1700’s, the United States was no longer a possession of Britain, instead it was a market for industrial goods and the world’s major source for tobacco, cotton, and other agricultural products. A labor revolution started to occur in the United States throughout the early 1800’s. There was a shift from an agricultural economy to an industrial market system. After the War of 1812, the domestic marketplace changed due to the strong pressure of social and economic forces. Major innovations in transportation allowed the movement of information, people, and merchandise. Textile mills and factories became an important base for jobs, especially for women. There was also widespread

There are within the city ten principal squares or market places, besides innumerable shops along the streets. .... On the nearer bank ... stand large stone warehouses provided for merchants who arrive from India and other parts with their goods and effects. They are thus situated conveniently close to the market squares. In each of these, three days in every week, from forty to fifty thousand persons come to these markets and supply them with every article that could be desired.

The antebellum era held many beneficial innovations for the United States. The Market Revolution led to improvements in both travel and technology that guided America to become a more productive nation. More opportunities became available to all Americans which led to growth and prosperity of the people. The Market Revolution was beneficial to America in every way possible.

traditional people of that time. The store symbolized consumerism, which was a jewel in society’s mind

Trade had a positive and/or negative effect on the people who were located in the regions of China and the Americas. People in the world region of China had many positives. The Americas had both positive and negative results. Some positives for China included, a good ripple effect in its economy and a lot of tributes being sent. Positives for the Americas included an expansion of knowledge, as well as discovering more from the world.

During the late 1700’s, the United States was no longer a possession of Britain, instead it was a market for industrial goods and the world’s major source for tobacco, cotton, and other agricultural products. A labor revolution started to occur in the United States throughout the early 1800’s. There was a shift from an agricultural economy to an industrial market system. After the War of 1812, the domestic marketplace changed due to the strong pressure of social and economic forces. Major innovations in transportation allowed the movement of information, people, and merchandise. Textile mills and factories became an important base for jobs, especially for women. There was also widespread economic growth during this time period

The U.S. trade deficit has risen more or less steadily since 1992. In the second quarter of 2004, the trade deficit relative to GDP surpassed the 5 percent mark for the first time. Many economists already considered trade deficits above 4 percent of GDP dangerously high. The fear is that continued growth in this external imbalance of the U.S. economy will ultimately spook overseas investors. http://www.americanprogress.org/issues/2004/09/b193700.html

East and west. The relationship between the two has never been truly set in stone. Both Europe and Asia have been through many large-scale power shifts throughout the millennia. Empires have risen – and inevitably been razed. If not by conquerors, then by time itself. These empires were often led by those who yearned to increase their land and holdings, and because of this the tendrils of civilization often stretched to seek uncharted territory. This undying curiosity eventually culminated in what is now referred to as the “Age of Discovery,” which spanned from the 1500s to the 1800s. By the beginning of the 20th century, most of the world’s lands had already been discovered. Trade links between China and Europe had been around since the Hellenic Age. And in the year 1900 it had been 124 years since the founding of the United States of America. Cross the Pacific Ocean, and one would find themselves face-to-face with the United States’ distant neighbor, East Asia. In East Asia, two of the most historically significant nations are China and Japan. For a number of reasons, – which will be detailed further later on – the early 1900s were a somewhat tumultuous time for both of said nations. The 20th century was by and large a time of political and economic power consolidation for both China and Japan. It is arguable that the United States played an integral role in this consolidation. The interactions between the United States, China, and Japan highlight a time when the way that

The store is located in Eau Claire, Wisconsin, the west portion of Wisconsin. Specifically, the county Eau Claire has a recorded population of 98,736. There are a few smaller Asian grocery stores located in Eau Claire but Asian Marketplace is the largest Asian store there and we provide more diverse Asian products than our competitors and also accept customers’ requests other Asian food products we don’t have on hand. Most of our customers would be of Asian race, so if you divide the population of Eau Claire by race; Whites make up 93%, Asians make up 3%, Hispanics or Latino make up 1%, mixed 1%, Black or African American makes up 1%, other race makes up less than 1% and American Indian makes up less than 1% (“Current Eau Claire County”, n.d.). There are other surrounding cities that could bring in potential customers to the store as well. There are no other larger Asian groceries stores are located near Eau Claire, WI. The closest ones are in Minnesota, where many or most of our customers use to drive for over an hour to make their purchase. Being the first to open a large grocery store with diverse Asian groceries would be beneficial in bringing in customers and making it more convenient for those who don’t want to drive over an hour or Asian groceries that can’t be found right in the city.

     International trade is defined as trade between two or more partners from different countries in the exchange of goods and services. In order to understand International trade, we need to first know and understand what trade is, which is the buying and selling of products between different countries. International Trade simply is globalization of the world and enables countries to obtain products and services from other countries effortlessly and expediently.

Both societies, moreover, have developed the art of business and commerce, of buying and selling, of advertising and mass producing, to the highest levels. Few sights are more reassuring to people from the United States than the tens of thousands of busy stores in Japan,

I found this article "Foreign direct investment: Companies rush in with the cash" on the financial times website (www.FT.com) published December 11, 2002 written by John Thornhill. The reason for choosing this article is my personal interest in the Chinese economy and its attractiveness to the foreign investors. Apart from the foreign direct investment this topic has also helped me in understanding the impact of Chinese economy on the global market.