Wednesday, November 28, 2007

Dubai Firm investing in Sony

As these Asian companies become big global players traded on the open market, what will happen when they become take over targets for foreigners? Will foreign interest in these companies change the work ethic that made them successful in the first place or will they embrace it?

I think the successes of the small family business in places like China can't last. Eventually the most successful families will seek funding for research and development and their industry won't be in favor with their government forcing them to turn to outside financing. This will make the stake holders responsible for working conditions and liabilities that will inevitably lead to worker reform in East Asia, which will cost them their competitive edge bringing the next emerging economy to the front.

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