W4P3 (article): Chinese Companies are winning the Global South by The Economist

Question 1

What are the 3 regions mentioned whose multinational firms have world-spanning operations?

Answer 1

America, Europe and slightly, Japan

Question 2

What is the battleground of the new commercial contest?

Answer 2

The fast-growing economies of the global south

Question 3

What 2 forms are the expansion of Chinese business taking?

Answer 3

a) Globalised supply chains and b) targeting the 5 billion consumers of the developing world

Question 4

How is China globalising their goods and services?

Answer 4

By supplying largely to the developing world (ex. Producing half of the phones bought in Africa, being the lead supplier of patient monitoring systems in Latin America and expanding EV and wind turbine production in the developing world)

Question 5

How does this (China’s globalization methods) differ from the West?

Answer 5

The West is putting up trade barriers to keep out Chinese goods and is turning inward.

Question 6

What are the positive sides of China’s globalization?

Answer 6

It brings valuable resources to help the countries develop at an affordable rate ($100 dollar smartphones in Africa, affordable medical care in Latin America, low cost climate-friendly tech)

Question 7

If current trends continue, when will China surpass European firms and be on par with American ones?

Answer 7

2030

Question 8

What should host-countries of Chinese globalization balance when dealing with them?

Answer 8

a) Protectionism and b) Passivity