Georgina He has been recognized by the International Journal of Family Business with the Best Graduate Student Paper of the Year 2009. The paper is titled “Logistical Flowchart and Feasibility Study for Doing Business in China’s Apparel and Accessories Market”.
Her co-author, professor and advisor on the project was Dr. Don B. Bradley III, professor of Marketing and executive director of the Small Business Advancement National Center at the University of Central Arkansas. Georgina earned her MBA from UCA in December of 2009. She is currently employed at Acxiom in Conway, and is the niece of Dr. Ling He, professor of Finance at the University of Central Arkansas.
This research was designed to develop a logistical flowchart and feasibility study for an American apparel and accessories company. China is now regarded as the fourth-largest economy in the world, with an average annual growth rate of 9.8 percent –triple the world average. In contrast to other developed countries that are greatly affected by the financial crisis, China appears to have a favorable turn in its foreign trade starting from March.
These achievements are primarily due to China’s decision to join the World Trade Organization (WTO). This has led to rapid and sustained increases of U.S. exports to China, making China the second biggest foreign market for U.S. goods. Under the US-China WTO Agreement in 2004, China has not only phased out trading and distribution rights to US firms, but also eliminated all import quotas. This is significant since the agreement has made it possible for small and medium-sized US companies to import and distribute products without going through a state-trading enterprise or middleman; also business licenses for foreign investment are now easily obtainable.