7 Doing Biz in LA Notes

7 Doing Biz in LA Notes - (car making and other things)...

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Doing Biz in LA Notes 4/21/09 China is willing to take on more risk because it has deeper pockets and the backing of its government o China takes a longer view; it’s willing to wait longer to see returns South Korea has also been investing in LA on a smaller scale than China A businessperson would probably wait to see what actions/changes occurred after the SOA; smiles and handshakes are one things but actual changes take more political capital The Chinese carmaker (Cherry) set up shop in Uruguay to avoid duties in MERCOSUR countries o This could be a good relationship for a tiny country like Uruguay (lotsa money flowing) o This carmaker could eventually come to the United States (with some modifications) o In China, the government has a controlling interest in many industries (esp. cars (75 percent) while others are more privatized Gov’t has majority share in industries that are crucial to national security
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Unformatted text preview: (car making and other things) Bring back news from Feinbergs debrief tomorrow Check out the book that Chavez gave to Obama; gives good insight to attitudes of the region o Great historical account of the exploitation of LA o Written in 1971 o Open Veins of Latin America: Five Centuries of the Pillage of a Continent By: Eduardo Galeano Were going to talk about due diligence on Thursday Were going to talk about whether its best to use arbitrage and the other thing mentioned in the reading vs the alternative o How do you do due diligence in LA where there isnt as much information about companies Pan-regional vs local How do u find investors Is it always better to be the majority stakeholder? Are there advantages to being a minority stakeholder?...
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