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The impact of economic globalization on China
The impact of economic globalization on China
The impact of economic globalization on China
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Chinas Economy China has experienced major economic growth in the past forty years, but how did it develop into the economically powerful country that it is today? China has been through many difficulties and complications to get to the place it is at today. China’s government is called the People’s Republic of China and it operates on a socialist market economy. The culture of China is very diverse, it has fifty-six minority groups and many cultures have their own languages. However, the Chinese culture is trying to transition from traditional Chinese culture to a more modernized version of Chinese culture. This switch is causing controversy all over the country. The uniform language of China is Pȗtōnghuà and the Chinese Communist Party
China has recently fallen into an economic slump. Because it is so involved with other countries around the world, this economic slump that China is going through is also affecting the other countries as well. The environment has also been affected negatively by globalization. There are many polluting industries, wastes, ecologically destructive practices, and air and water pollution. The reason this is happening is because people see China as a vastly growing country, corporations and companies want to move there because of the great opportunities they see to grow. Globalization has also impacted Chinese culture in a negative way. Because it is so powerful, the country has a sense of cultural superiority that was once not there. The cultural change started in the 1980’s when a series of reforms was launched. After these reforms were launched tensions emerged in the Chinese culture. China was trying to merge the traditional Chinese culture with the modernized version of Chinese culture. The modernization of Chinese culture has two components, revamping traditional culture and absorbing other civilizations modernization and incorporating them into a new culture. It is very difficult for the Chinese culture to do this because of the massive number of older people that make up the population. Another negative impact of globalization in China deals with the
One side to this is that it positively impacted China. This side believes that globalization is doing great things for China and helping it grow to become a huge powerful county. This side also believes that the economy is booming and the number of jobs is growing greatly. For example, the economic boom that China experienced during the eighties was a result of globalization. The other side to this is that globalization impacted China in a negative way. This side believes that globalization is not helping China grow, but instead it is harming many aspects of Chinese culture. For example, the modernization of the Chinese culture is causing many problems and the environment is suffering greatly from the pollution in the air caused by globalization. Every person has their own stance on globalization and how it has affected China. There is no right or wrong side to this stance. There are many benefits from globalization economically, but globalization has done damage to Chinas culture and environment. Either way, China has been greatly impacted by globalization in many
Workers overseas get lower wages compared to the workers working in the more developed countries. Exploited, there’s nothing that the workers can do about it since they aren’t allowed to create unions to protect themselves. Countries are now even more in debt as some people believe that the IMF and the World Bank take advantage of them controlling not only their economy but even their politics. Inflation happens to a country, and in Jamaica, chaos was created due to that issue, the people became pugnacious and became rebellious. Economic globalization can bring many good opportunities, but it could also bring some sort of adverse outcomes to a country.
China has an extensive history that spans thousands of years and various dynasties. Each dynasty has made their own significant achievements which have contributed to the shaping of China. However, some historians believe that because China followed a "dynastic cycle" for so long, the society was unchanging and stagnant. But the fact of the matter is that China was actually undergoing massive changes within itself which would lead to the shaping of a new China.
Globalization helps many people achieve greatness. But for the majority it brings hardships and struggle. People will be plagued by the effects of globalization and will have a tough time over coming it. We are far from reaching a point where we can say we have sustainable prosperity throughout our world. But before we focus in on sustaining prosperity, we must first reach prosperity and bring it to all corners or the earth.
In order to understand why China is in such environmental difficulties we need to understand why the lifestyles of people in Europe and the US could be to blame. The first area to consider is the environmental issues that China is currently suffering with. Once this is established I can assert what impact the US and Europe has in relation to these issues and what actually causes them. In linking the events it will be easier to see the chain of events. To do this I am going to work backwards and understand the issues that exist within China and then secondly what they are a result of. This will give me the background of why China’s environmental issues have become so dire.
Sitting close to the edge of being a “developing” and a “developed” country, China is a difficult country to define neatly. It is a country with an ancient and traditional culture trying to position itself higher within the international community. Plus it is also a communist country that has come to embrace its own form of capitalism to fuel its economy. China’s economic boon has been beneficial to many people within the country. But not to all people within China evenly.
Globalization has caused the world to change. Our country, China has been dramatically changed by globalization. Our people have moved to cities, and our industry has exploded. We have had huge advances in technology along with education improvement. Despite the fact that China has changed so much, there are still many issues that plague it. China faces serious environmental concerns. New diseases and viruses that are not indigenous to China can cause a wide range of sickness in the new area. Despite some of the the improvements in China that are a result of globalization, the negatives that globalization has brought to China are more than the benefits.
China has come a very long way in the past 25 years. China has grown at nearly 10 percent a year over the past 20 years. China's explosion on to the world investment, production and trade scene is the product of its size, growth and openness. This is leading to tremendous changes in the global economy.
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.
From the 1970s, there has been a wave of liberalization in China, which was introduced by Deng Xiaoping. This is one of the key reasons to the rise of China to be one of the economic giants in the world. In the last 25 years of the century, the Chinese economy has had massive economic growth, which has been 9.5 percent on a yearly basis. This has been of great significance of the country since it quadrupled the gross domestic product (GDP) of the country thus leading to saving of 400 million of their citizens from the threats of poverty. In the late 1970s, China was ranked twentieth in terms of trade volumes in the whole world as well as being predicted to be the world’s top nation concerning trading activities (Kaplan, 53). This further predicted the country to record the highest GDP growth in the whole world.
The Chinese economy has been formed as a result of centuries of history and development, which reflect the philosophy of China and its current economical position. China started as a mainly agricultural based society with the subsistence group; the family. For more than 2000 years the Chinese economy operated under a type of feudal system; land was concentrated in the hands of a relatively small group of landowners whose income depended on rents from their peasant tenants. Agricultural taxes levied by the imperial government and crop yields subject to drought and floods kept agriculture relatively underdeveloped and organized in small units with the use of primitive methods for basic subsistence.
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.
China's development is praised by the whole world. Its developments are not only in the economic aspect, but also in its foreign affairs. Compared to other developed countries, China is a relatively young country. It began constructing itself in 1949. After 30 years of growth, company ownership has experienced unprecedented changes.
Globalization refers to the absence of barriers that every country had. Yes, it has helped to demolish the walls that separated us .Globalization, which is the process of growing interdependence among every country in this planet, can be seen as a sign of hopeful and better future by some, but for others it represents a huge disaster for the whole world. That’s why we are going to see the negative effect that globalization has on culture then focus on the ethical disadvantage it brought, to finally talk about the damage it did to skilled workers.
Now, before I bash globalization it is some positive I would like to discuss. Globalization is great for the American economy; we can supply the world with our goods and services, which in turn can possible, relieve the deficit we’re in. “Homegrown industries see trade barriers fall and have access to a much wider international market. The growth this generates allows companies to develop new technologies and produce new products and services.” (Buzzle) Also, globalization leads to better relations between countries when they create trade agreements. Globalization does not drain every under-developed company but brings a new era of economic change and the hope of being a world super power to certain nations. “Economic globalization gives governments of developing nation’s access to foreign lending. These funds are used on infrastructure including roads, health car...
I have mixed opinions about globalization as a whole. I think for the economies of most countries it can be beneficial as it will help develop non-developed countries. Globalization has the potential to make the world a better place to live and solve some very long standing problems like unemployment and poverty, which will have a positive impact in the future. Other than having one world government, which I think would have a negative impact in the future, I think globalization will have a positive impact in the future, if it will increase wealth, decrease poverty and allows cultures to blend without each country losing their own cultures.