Historically, global companies have expanded into China through joint ventures with local companies. It is now easier than ever to expand into China alone through a Wholly Foreign-Owned Enterprise.
When Dave Hodson walked through wheat fields in Ethiopia in 2010, it seemed as if everything had been painted yellow. A rust fungus was in the process of infecting about one-third of the country’s wheat, and winds had carried its spores far and wide, coating everything in their path. “The fields were completely yellow. You’d…