I am looking for the big picture for the expansion by ATT to China, or put another way, what was driving the globalization of the telecommunication market and industry, and the globalization of China's econonomy. My preliminary studies research tells me China can be a complex environment, given its political and economic issues. I know that in 1992, China identified telecommunication development a priority in the US china signing agreement. In addition, a population of 1 billion people gives me a good indication that the market on the potential industry earnings, must be huge.
By 1993, most of the markets accessible to ATT for expansion already had high competition, like Europe and the Americas. Eastern Europe was just opening up, but all the countries were going through serious issues adjusting from the command economy. In any case, the big European telecom companies were in a more competitive position. Africa was still suffering from decades of bad government. India was still a very closed economy for foreign investment.
But when we talk of China in 1993, it is a different picture. By 1993, it was obvious to the world that China had undergone a tremendous transformation into a much more welcoming place to do business, especially in strategically essential investment like ...
By 1993, it was obvious to the world that China had undergone a tremendous transformation into a much more welcoming place to do business, especially in strategically essential investment like telecommunications.