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One of the key challenges firms in China and other developing countries face today is the difficulty of moving up the value chain to produce higher quality and higher value-added products.
"This doesn't mean everything is perfect in India, but the challenges firms are facing in China are certainly causing companies to take a second look — with the benefit accruing to India," said Ron Somers, president of the United States-India Business Council, a group based in Washington that promotes business ties between the two countries.
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But these restrictions challenge firms' continued commercial success in the face of competition originating from China and beyond.
When green taxes on fresh water were introduced, the Danish sugar industry managed to reduce its water consumption by 80%.Instead of costing jobs, green taxes challenge firms to be inventive and thus more competitive.
The county has hired outside appraisers to try to reach settlements with the tax challenge firms on the outstanding cases from 2003 in time for the county to publish a final 2004 tax roll on April 1.
The main challenge firms face in contracting arises from the sheer number of contracts they must keep track of; these often lack uniformity and are difficult to organize, manage, and update.
The DoE challenged firms to develop a design that gave out a warm light similar to that from an incandescent bulbs but was much more energy efficient.
Social media technologies allow user-generated content and provide new opportunities and challenges for firms to transform their business.
Broadly speaking, what are some of the economic challenges that firms in these and similarly positioned countries face today?
Yet there remains a sense of frustration in the business community that despite the cheerleading, politicians still don't understand the challenges many firms are facing.
The IRS almost never challenges large firms or rules on the issue.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com