China economic model Assignment Example | Topics and Well Written Essays - 750 words

China economic model - Assignment Example The short supply of skilled laborers in China is part of the problem. The Chinese culture has never respected the value of intellectual properly probably because they are the merchants of pirated merchandise in the world. Due to this business culture the local inventors know that if they file for a patent, nobody will respect it and the product will get imitated. The government does not prosecute violators of intellectual property crimes even though there are some laws that are suppose to protect inventors and innovation in the business industry. China has forgotten than in the long term patents are what enable firms to gain incredible amounts of wealth. The American pharmaceutical industry in the great example of the value intellectual property can bring to firm. Raising money for smaller firms is difficult anywhere in the world. In China the task become much greater. The underlying behind this is the fact that the state is owner of the banks due to the communist Chinese regime. Since the state owns the banks the state tend to lend money only to state-owned companies that are large and can create a greater amount of jobs opportunities for the people. Small companies have to resort to the underground economy to receive financing. The three primary sources that lend money to these firms are: pawn shops, â€Å"credit guarantee firms†, and small industrial companies (Doungguan, 2009). These are informal creditors which operate under different type rules than the normal banking industry. They charge high interest and expect their money back in the short to medium term. The small business must produce fast, otherwise bankruptcy is inevitable because they face high short term liabilities. China has been hit harder than other civilized western countries by the global financial crisis. Some cities have lost between 33% to 50% of their overall employment because due to

Assignments Assignment Example | Topics and Well Written Essays - 250 words - 2

Assignments - Assignment Example Therefore, involves fallacy of equivocation that encourages equality of parties. From the two argument presented by the pair, Zhou is self-centred as he tries to evade paying taxes by opposing government tax policy despite being wealthy enough to pay the taxes that can be distributed indirectly to help those who are poor to ensure equal distribution of wealth . However, despite existence of tax policy, there exist get-outs where wealth people go free without paying taxes hence measures such as follow up should be implemented to ensure everyone pays tax to facilitate the fallacy of equivocation. Third passage in the pair (Crittenden and Mirza) argument involves why American public school should shape up? Therefore, involves fallacy of slippery slope that is contradicted by the evidences provided by Mirza by providing an incidence of Continents such as Europe and Asia by displaying good student performance compared to students in America. Additionally, this can be evidenced by the history of industrialization where Europe became industrialized before