Rule of Law an Ethics and International Marketing in China
REVISION:
I was looking over the Rules of Law Essay and did not see a conclusion to the paper, however, I did highlight the necessary papers for correction, I really need to make a good grade on the last papers.
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Rule of Law and Ethics and International Marketing (CHINA)
Write a paper (1,250–1,500 words) that discusses the following questions through your research and analysis on the effect of the rule of law and ethics on the economy of the selected country.
1. Using the selected country, identify the current legal system (civil, common, religious, or mixed). Describe the influence that colonization had on the formation of the current legal system.
2. As an entrepreneur within the selected country, identify a socioeconomic problem in that country and a product or service that addresses this problem. Analyze this product or service through the specific steps of a market screening.
3. Describe how likely is it for an entrepreneur to enter the market considering the current legal system. Justify your response.
4. Evaluate two international market entry methods for the product or service in the selected country. What are the advantages and disadvantages of each method?
5. Taking into consideration the cultural, societal, and religious values, provide examples of effective and ineffective advertisement practices you would implement to introduce the product or service into the selected country. Explain your reasoning.
6. For the selected product or service, recommend at least two legal compliance approaches that should be used by companies when conducting international business in the selected country (e.g., employment law, tax law, advertising law, corporate law).
7. For the selected product or service, provide two key recommendations to consider regarding ethics and social responsibility in your selected country (e.g., intellectual property, competition, corruption).
You are required to include a minimum of three scholarly sources with in-text citations and references.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center.
This assignment uses a rubric. Review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. A link to the LopesWrite technical support articles is located in Class Resources if you need assistance.
RUBRIC
Attempt Start Date: 25-Oct-2021 at 12:00:00 AM
Due Date: 30-Oct-2021 at 11:59:59 PM
Maximum Points: 100.0
0Files
Rule of Law and Ethics and International Marketing (CHINA)
Write a paper (1,250–1,500 words) that discusses the following questions through your research and analysis on the effect of the rule of law and ethics on the economy of the selected country.
1. Using the selected country, identify the current legal system (civil, common, religious, or mixed). Describe the influence that colonization had on the formation of the current legal system.
2. As an entrepreneur within the selected country, identify a socioeconomic problem in that country and a product or service that addresses this problem. Analyze this product or service through the specific steps of a market screening.
3. Describe how likely is it for an entrepreneur to enter the market considering the current legal system. Justify your response.
4. Evaluate two international market entry methods for the product or service in the selected country. What are the advantages and disadvantages of each method?
5. Taking into consideration the cultural, societal, and religious values, provide examples of effective and ineffective advertisement practices you would implement to introduce the product or service into the selected country. Explain your reasoning.
6. For the selected product or service, recommend at least two legal compliance approaches that should be used by companies when conducting international business in the selected country (e.g., employment law, tax law, advertising law, corporate law).
7. For the selected product or service, provide two key recommendations to consider regarding ethics and social responsibility in your selected country (e.g., intellectual property, competition, corruption).
You are required to include a minimum of three scholarly sources with in-text citations and references.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center.
This assignment uses a rubric. Review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. A link to the LopesWrite technical support articles is located in Class Resources if you need assistance.
RUBRIC
Attempt Start Date: 25-Oct-2021 at 12:00:00 AM
Due Date: 30-Oct-2021 at 11:59:59 PM
Maximum Points: 100.0
0Files
v
Rule Law and Ethics and International Marketing in China
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Abstract
The paper analyzes the rule of law and ethics in the Chinese market, particularly for international businesses. Therefore, the paper identifies the legal system governing the country and whether it was influenced by colonization. Further, the paper will identify a socio-economic challenge in China, identifying market entry strategies, with advantages and disadvantages of each method. Appropriate advertisement practices are also identified for the chosen problem, recommending legal compliance and social and ethical responsibility for companies, acknowledging the unique cultural, religious, and societal values.
Keywords: China, economy, legal, market, international, business.
Rule Law and Ethics and International Marketing in China
Over the years, China has been an epicenter of global business, emerging as a force in the international economy. The economy has adopted aggressive efforts and revitalized its market. Gaining access to international markets is challenging because businesses must overcome legal, regulatory, and cultural barriers. The dynamics of the Chinese market are challenging despite tremendous economic progress. China is a transitional economy that is not fully open to international businesses. It analyzes China's economy, especially the legal frameworks, legal requirements for a business to access China markets, market screening, and entry into Chinese markets.
China’s Legal System
International businesses experience huddles when establishing operations in China market, with diverse face legal and regulatory challenges. China is an emerging market with relatively weak and increasingly dynamic regulatory frameworks (Froese et al., 2019). The nation uses a civil legal framework that hinges on protectionist policies, with an intent to protect or regulate how businesses are conducted within the country. The civil legal system relies on a written constitution and codes that govern the actions of regulatory institutions. Several regulatory aspects include environmental regulation and pollution prevention, capital and financial sector regulation, housing and real estate regulation, labor markets control, and media control (Evans, 2019). The legal landscape imposes asymmetric effects where local and central governmental actors exploit local institutional volatility and regulatory influx to favor domestic firms. Geopolitical positions also influence Chinese regulations against multinational firms. Government intervention is used to favor domestic firms impose challenges on international firms while favoring local companies.
Before investing in specific sectors, multinational firms must get particular administrative interventions for foreign investment to gain access to specific industries (Ünekbaş, 2021). However, China accords national treatment to the foreign investments that are not contained in the negative list. The Chinese economy and business protectionism can be traced to colonial times during the opium trade. The phenomenon has defined China’s economic trajectory post-colonialism era. The proponents of world-...
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