globalisation of accounting Free Essay, Term Paper and Book Report
Currently, globalization is a controversial topic around the world. Globalization has four aspects, free trade, and timely travel of human, free flow of capital and advanced communication technology. It makes our world become a small place, usually called global village. The most important part of globalization is concerned about economy and the economy of globalization has brought a series of effects to different countries, as well as China. As China becoming a new member of the World Trade Organization (WTO) and the high growth of economy, many international companies, such as General Electric, Citi Group and Wal-Mart, are watching the economic circumstances in China and preparing to enter the largest market in the world that has 1.3 billion consumers (Tian and Zhou, 2000, p.1). According to the regulation of World Trade Organization, the Chinese government must remove its tariff barriers before 2006. After that, with no tariff barriers, a lot of foreign companies will flood into China, and the Chinese native businesses will face up to both great opportunities and challenges. Furth......
Word Count: 1413
Page Count: 5.6 (250 words a page / double spaced)
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