China, India, and Nigeria have all had difficult relations with the West. But the examples of Bank of America and Wal-Mart show that a nation can put the past behind, if there are sufficient economic incentives to do so, and if the existing organization capitalizes on local strengths, such as a need for jobs, profitable wages for both the local population and the outside organization, and the desire for foreign capital. In the case of India, India has benefited from the influx of foreign money and technical knowledge, while the foreign company benefited from local technological know-how, a common language, and new technology to make outsourcing of it jobs profitable. China created cheaper goods for American consumers and generated a new base of consumers in China. But Halliburton failed to show respect for Nigerian environmental regulations, and paid the price in profits.

Works Cited

(23 Nov 2004) "Wal-Mart concedes China can make unions. China Daily. Retrieved 19 May 2005. http://www.chinadaily.com.cn/english/doc/2004-11/23/content_394129.htm
Bank of America earmarks $175M for operations in India." (10 May 2005) Sacramento Business Journal. Retrieved 19 May 2005 at http://sacramento.bizjournals.com/sacramento/stories/2005/05/09/daily12.html

Halliburton hit with Nigeria ban."(20 September 2004) BBC World News. Retrieved 19 May 2005 at http://news.bbc.co.uk/2/hi/business/3674370.stm

Jingjing, Jian. (29 Nov 2004) "Wal-Mart's China inventory to hit U.S.$18b this year." China Daily. http://www.chinadaily.com.cn/english/doc/2004-11/29/content_395728.htm

MacDonald, MacDonald and Anshuman Daga. (13 Oct 2003) "Bank of America." CIOL Unlimited. Retrieved 19 May 2005 at: http://www.ciol.com/content/news/2003/103101405.asp