Most Favored Nation status gives China the right to import and export with US businesses free of tariffs, duties, and other trade restrictions. We have significant interests in what happens there and what happens between us. China has an atomic arsenal and a vote and veto in the UN Security Council. It is a major factor in Asian and global security. We share important interests, such as in a nuclear-free Korean peninsula and in sustaining the global environment.
China is also the world s fastest growing economy.
The intertwining of various diverse factors in making policy is becoming increasingly difficult as relationships become more global. Doing business in diverse social and political systems will become more complicated. There is a need for more managers who understand the dynamics of doing business in a global system. Views the home nation as the major source of the company s capital, revenues, and human resources. Home country s laws are viewed as dominant.