Posts Tagged ‘China’

What’s Wrong with China? Robert Garmong to visit Rockford University

Friday, February 19th, 2016

IMG_2810On Friday, February 19, Dr. Robert Garmong will give two lectures at Rockford University on the good and bad in contemporary Chinese business ethics. Is China improving or deteriorating? Should one be bullish or bearish about China — not just economically but in terms of ethical conduct?

The first lecture is at 2:00-2:50. The second is at 3:00-3:50. Both located in Scar 220. Everyone is welcome to attend.

Dr. Garmong is Lecturer of Business Ethics at the Surrey International Institute of Dongbei University of Finance and Economics in Dailan, China. He is also Executive Director of the Ouray Initiative for Reason and Individualism in Hong Kong.

View a PDF flyer for the event here.

Sponsored by the Center for Ethics and Entrepreneurship.

Interview with William and Wilson Ling

Wednesday, December 19th, 2012

William and Wilson Ling are shareholders and board members of Petropar S.A., one of the major producers of aluminum beverage cans and plastic closures in Brazil, and the world’s second largest supplier of lightweight spunmelt nonwovens fabrics for disposable hygiene applications.

Kaizen: To start with your background and how Petropar began. You were born in Brazil?

Wilson: All four Ling siblings are Brazilian—Winston (born 1955), William (1957), Rosa (1959), and Wilson (1961).

Kaizen: Your parents immigrated from China in the 1950s?

William: Our father, Sheun Ming Ling, was born in Beijing in 1921 and was raised in Wenzhou. He left China in 1948, in the wake of the communist revolution, first to Taiwan. In early 1950 he went to Hong Kong where he met Lydia Wong who was born in 1928, in Shanghai.

Our father wasn’t educated in a formal school; he was homeschooled. It was usual at that time for families to do homeschooling. So basically his education was at home with private tutors.

He lost his father when he was young—at age 12. So he stopped studying and started working as an apprentice. He joined the China Vegetable Oil Company (CVOC), which was a large entity with state and private ownership that had a virtual monopoly in the vegetable oil industry. It was there where he acquired all his experience in this industry. But he always worked as an accountant or as an auditor. He wasn’t involved in operations. He knew the operations from his work as an auditor.

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Youth Entrepreneurship in China

Monday, January 23rd, 2012

Mariotti (right) with BESA winners

Steve Mariotti, Kaizen interviewee and founder of the Network for Teaching Entrepreneurship (NFTE), wrote about his experiences with young entrepreneurs at the Bright China Entrepreneurial Spirit Award (BESA) ceremony. “…These young people would most likely end up as low-income workers in factories. Through the NFTE/Bright China program, they were inspired to start their own businesses,” Mariotti said.

Read more here.

Related: “China’s Century?” by Michael Beckley [PDF].

Greener Entrepreneurial Pastures

Monday, May 2nd, 2011

A Kauffman Foundation report, “The Grass is Indeed Greener in India and China for Returnee Entrepreneurs,” concludes that Indian and Chinese students in America are more likely to return home to pursue their career goals as those economies  improve. “Most returnees now say the entrepreneurial advantages are better in their home countries, where they can benefit from lower operating costs, heightened professional recognition, greater access to local markets and a better quality of life than they could attain in the United States,” the report states. While this “reverse brain drain” will impact entrepreneurship in America, as many entrepreneurs are Chinese and Indian immigrants, most returnees still maintain their American contacts, which could create more international business opportunities.

Read the full article here.

How Chinese imports alleviate American poverty

Monday, February 9th, 2009

Over at The American, an article points out a recent study by University of Chicago economists Christian Broda and John Romalis, which found that income inequality has risen very little over the past few decades and that the benefits of trade have been underestimated.

The Broda-Romalis paper, “Inequality and Prices: Does China Benefit the Poor in America?,”[PDF] shows that from 1994 to 2005, much of the increase in U.S. income inequality was actually offset by a decline in the price index of the goods that poorer households consume. Inflation for the richest 10 percent of U.S. households, which tend to spend more on services, was 6 percent higher than inflation for the poorest 10 percent, which tend to spend more on nondurable goods, the type of goods often imported from China and sold at Wal-Mart.

Broda and Romalis found that in the sectors where Chinese imports have increased the most (especially nondurable goods such as canned food and clothing), prices have fallen dramatically. They estimate that about one-third of the price decline for the poor is directly associated with rising imports from China. “In the sectors where there is no Chinese presence,” Broda says, “inflation has been more than 20 percent.”