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Impact on china globalization
Impact on china globalization
Emergence of China as an economic power
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During the 20th century, the world believed that the renowned cities of the United States would provide modern spectacles emanating with futuristic qualities. However, within the past decade, the influence of China has creeped into the party of global dominance, establishing their footing on an international scale at a significantly alarming rate. In China, you can now experience the tallest skyscrapers, the newest airports, the fastest highways, and the best electricity grids in modern technology (Roasa). China’s evolution of success on the global scale is implemented by their supremacy in the economy through the labor of their workforce, which ultimately instills political power available at their fingertips. With this underlying superiority, the impact of China’s influence of economic power can affect international political and societal aspects, as they establish their economic empire in roots all over the world. Presently, around the world people from various countries have become unmoved by the sight of “Made in China” on nearly every product label they purchase. In fact, the label has become such an integral element to society, that we essentially overlook the portent of China’s economic growth on a global scale. In actualization, China is expeditiously evolving into one of the most influential countries in the world, and they have no plan on discontinuing that approach. Remarkably, China has unfolded their superiority within a time frame of 35 years, and China’s cutting-edge economic aggrandizement was initiated by a renown Chinese reformist named Deng Xiaoping. Before the reign of Deng Xiaoping that led to the emergence of China’s economic triumphancy, China’s economy was based on communist principles that naturally hi... ... middle of paper ... ...demic Search Complete. Web. 08 Nov. 2013. Mushkat, Miron, and Roda Mushkat. "The Political Economy of China's Regulatory State: A Reappraisal." BYU Journal of Public Law 27.1 (2012): 145-83. Academic Search Complete. Web. 08 Nov. 2013. Roasa, Dustin. "Cities of the Future: MADE IN CHINA." Foreign Policy Sept.-Oct. 2012, sec. 195: 72-73. Academic Search Complete. Web. 27 Oct. 2013. Straszheim, Donald H. "China Rising." World Policy Journal 25.3 (2008): 157-70. Academic Search Complete. Web. 08 Nov. 2013. Yew, Chiew Ping. "Pseudo-Urbanization? Competitive Government Behavior and Urban Sprawl In China." Journal of Contemporary China 27.74 (2012): 281-98. Academic Search Complete. Web. 27 Oct. 2013. Zheng, Shiping. "China’s Political Stability: Global Comparisons." Journal of Chinese Political Science 17.1 (2011): 1-13. Academic Search Complete. Web. 08 Nov. 2013.
Following the Chinese Revolution of 1949, China’s economy was in ruin. The new leader, Mao Zedong, was responsible for pulling the economy out of the economic depression. The problems he faced included the low gross domestic product, high inflation, high unemployment, and high prices on goods. In order to solve these issues, Mao sought to follow a more Marxist model, similar to that of the Soviet Union. This was to use government intervention to develop industry in China. In Jan Wong’s Red China Blues, discusses Maoism and how Mao’s policies changed China’s economy for the worse. While some of Mao’s early domestic policies had some positive effects on China’s economy, many of his later policies caused China’s economy to regress.
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Schuman, Michael. "Why Do We Fear a Rising China?" Time Magazine, 7 June 2011. Web. 1 Oct. 2013.
Terrill, Ross. "China Is Rising, but for How Long?" New York Times. N.p., 11 Sept. 2006. Web. 23 Feb. 2014.
China’s economy is one very large indicator of its role in globalization. “In 2010 China became the world’s largest exporter” (CIA World Factbook). Without China many places such as the United States of America would be without billions of goods imported from China annually. An influx of companies moving their manufacturing to China has allowed people to flock to cities and find jobs. China’s economy has grown exponentially over the last few decades. In the last three years China’s economy has grown by nearly ten percent every year. Despite this influx of money to China it has also resulted in many drawbacks. For example, China’s environment has been obliterated. China burns more coal than every country in the world combined. Beijing has been so badly polluted that there are actually companies that sell cans of fresh air to people, and gas masks are a common sight. On January 12th 2013 Beijing’s air pollution reached a record setting 775 PPM. To put that into perspective, the scale for measuring pollution is 0-500 PPM. This set an all-time recorded high. In Los Angeles a high ...
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Finally, the United States political system has a strong structural structure but in China their people always work together to be the best and stand out in the world. It is predicted that China will one day be the largest economy-growing country in the world. They continually grow and rebalance their world to be the best. The growth of the economy will depend on the Chinese government's comprehensive economic reforms that more quickly accelerate China's transition to a free market economy. Consumer demand, rather than exporting, is the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental protection.
Zhang, Jianhong, Arjen van Witteloostuijn, and J. Paul Elhorst. "China's Politics and Bilateral Trade Linkages." Asian Journal of Political Science 19.1 (2011): 25-47. Academic Search Premier. Web. 13 Dec. 2013.
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Yan, Xuetong. "The Instability of China–US Relations", The Chinese Journal of International Politics 3, no. 3 (2010): 263-292, http://cjip.oxfordjournals.org/content/3/3/263.full
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The rise in China from a poor, stagnant country to a major economic power within a time span of twenty-eight years is often described by analysts as one of the greatest success stories in these present times. With China receiving an increase in the amount of trade business from many countries around the world, they may soon be a major competitor to surpass the U.S. China became the second largest economy, last year, overtaking Japan which had held that position since 1968 (Gallup). China could become the world’s largest economy in decades.
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Wei-Wei Zhang. (2004). The Implications of the Rise of China. Foresight, Vol. 6 Iss: 4, P. 223 – 226.