In today’s world, with the emergence of the internet and computer technologies, companies and countries have global market access in terms of brand recognition, customer segments, and bilateral trade relations (Gnangnon, 2018). More specifically, a company or country can reach billions of customers across the world, and trade has never been easier.
The development of operations management, which started in the late 18th century and developed further in the 19th century, led to significant increases in production and was defined as a revolution in the industry, as well as having a significant impact on businesses as well as on economic life in general.
What kind of image do you have of China? China has a large land area and the largest population in the world. The Chinese leader Deng Xiaoping introduced a new policy which is the one-child policy, in 1979. This policy means that the couples will have only one child. The goal of the policy was to control the increasing population and improve the death of foods.
The countries are categorized as developed countries, developing countries and least developed countries. The development level depends on the chase of new economic forces which include globalization, trade liberalization, and the information technology and communication revolution.