While reading the Wall Street Journal I came across an article relating to global business titled "The Sun Rises on Chinese Competition" by Thomas Hout. For my fellow classmates in International Management I thought this would be particularly interesting. I believe while we were studying the theories of Geert Hofstede the ongoing competition between the West and China was mentioned. This article relates to this topic because it touches upon the changing manufacturing market China once monopolized.
The industries that China did have control over are fading out and new industries have developed due to the need for green technologies, such as wind turbines and solar panels. These new industries are all about innovation. The Chinese currently use silicon to create panels, but the Americans have gained an edge by using a thin film semi conductor containing cadmium telluride and another using copper. These options offer a cheaper production process and are more efficient that silicon.
The Chinese may be at a disadvantage because they have all the market in old technologies but are no longer seeing a profit. The Chinese are still working towards making ties with big name companies and have even created partnerships in the West. This may leave them in a good position. But what does it mean for the future of China and the U.S.? Will manufacturing forever change in this new eco-friendly environment?
http://online.wsj.com/article/SB10001424052748704009804575309721957767994.html
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