In short, there are two general sets of business and trade rules. One set resides in the older developed countries, where companies still compete mostly on their own on the basis of their business acumen and product value differentiation. The other set resides in China, Taiwan, and Korea, where there are elaborate policies to protect domestic enterprises, induce foreign corporations to shift their production facilities and technology to them, and anoint selected “champions” as the chosen global competitors with the full power of the state assisting them.
