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Continued: U.S. device companies organize to change foreign business cultures

  • Article by: JIM SPENCER , Star Tribune
  • Last update: January 25, 2014 - 3:13 PM

Along with TAMTA, several Minnesota med-tech companies, as well as Cargill and some of the state’s other major multinational corporations support the Asia-Pacific Economic Cooperation forum, known as APEC.

The group exists to promote economic cooperation, free markets and standardized practices among the countries of Asia and the Pacific Rim. These include many of the world’s most heavily populated new markets — China, the United States, Russia, the Philippines, Mexico, Canada, Australia, Indonesia and Vietnam.

Looking at their ease-of-business rankings, the problem for U.S. companies becomes clear. Indonesia ranks 120th, the Philippines 108th, Vietnam 99th, China 96th and Russia 92nd.

At the same time, the U’s Shaver warned, dictating changes is not an option.

“The only way this is going to happen is if the countries involved decide it has to happen,” he explained. “It’s almost neocolonialism to come in and tell other countries what to do. Ultimately, foreign governments decide what the laws are and how they are enforced.”

Jim Spencer • 202-383-6123

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