For the past twenty-five years, China has witnessed an overall increase in its domestic growth (Fischler 148). According to the article, “The Rise of China as a Global Power,” by Dr. Rosita Dellios, China “is the world's fourth largest trading nation, rising from 32nd in 1978 to 10th in 1997.” Similarly, China’s GDP is also second to the United States of America, generating 13 percent of the world’s output (Dellios). Since China’s introduction into the World Trade Organization in December 2001, its average tariff dropped from 41 percent in 1992 to 6 percent in 2001, becoming one of the most open economies in the world (Dellios). China is also the world’s fastest developing economy, obtaining an annual growth of 9.5 percent through foreign direct investment, low labor rates, emerging markets, and growth expansion. (Dellios). Therefore, the 21st century has been titled the “Chinese Century”, as China has become the second-largest international economy in the world (Ji-lin 15). Since 1978, this aforementioned economic growth has been occurring under a communist government (Dellios). China operates in a system described as “socialism with Chinese characteristics”, a common theme in this country’s rise in the modern world (Dellios). Correspondingly, according to Rosita Dellios, Chinese communists adopted this political regime under Mao Zedong, which led to its economic revolution in the 20th century. This formula proved successful as it initiated the Chinese Communist Party, amending China’s interior chaos (Dellios). Therefore, China’s communist control did not negatively affect China’s economic growth, as communism rehabilitation drove this country into modernization in the 21st century. The rise of China fostered this country to b... ... middle of paper ... ...lications For Asia.” Fudan Journal Of The Humanities & Social Sciences 6.1 (2013): 148-154. OmniFile Full Text Mega (H.W. Wilson). Web. 17 Apr. 2014. Saich, Tony. “Governance and Politics of China.” Palgrave Macmillan - academic publisher serving learning and scholarship in higher education and the professional world. N.p., n.d. Web. 18 Apr. 2014. Shambaugh, David L, Michael B. Yahuda, and Saunders C. Phillip. “China's Role in Asia.” International Relations of Asia. Lanham, Md: Rowman & Littlefield Publishers, 2008. Print. Xia, Ming. ““China Threat” or a “Peaceful Rise of China”?” The New York Times - Breaking News, World News & Multimedia. N.p., n.d. Web. 18 Apr. 2014. Xu, Ji-lin. “Is China Able To Rise As A Civilization? And How?.”Fudan Journal Of The Humanities & Social Sciences 6.1 (2013): 15-32. OmniFile Full Text Mega (H.W. Wilson). Web. 17 Apr. 2014.
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.
Fan, G., and X. Zhang. "How Can Developing Countries Benefit from Globalization: The Case of China." Eldis. N.p., n.d. Web. 20 Apr. 2014.
The current trade imbalance is caused in large part by intrinsic features of China's labor market and consumer base. The vast majority of China's 1.3 billion people still live in rural areas. China has, by some estimates, a surplus rural labor force of 120 million people, many of whom migrate to industrial centers to look for factory work, and drive down wages. As long as wages are low, the United States will continue to gobble up products made in China, while Chinese consumers will prefer to buy cheaper, homespun alternatives to American products. The rise in trade deficit with China has come at a cost to jobs in the United States, accordin...
Joanna Walley-Cohen is a professor of History at New York University and written two books on the subject on China (Exile in Mid-Qing China: Banishment to Xinjiang, 1758-1820 and The Sextants of Beijing.) In this book, The Sextants of Beijing: Global Currents in Chinese History Joanna Waley-Cohen refutes the long held notion that Chinese civilization is “monolithic, unchanging, and perennially cut off from the rest of the world.”(Waley-Cohen BackCover) Although the book lacks visual aides, there are two small maps in the entire book, it conveys her theory well enough and delivers an explanative, meticulous, although boring, account of Chinese history spanning from 200 B.C.E. until 1997 C.E. Ms. Cohen helps us “understand the many levels at which the Chinese across two millennia have used or integrated elements of foreign beliefs or technologies”(Jonathan D. Spence), and gives the reader a “Complling revisionist history of Chinese foreign relations” (Kirkus Reviews).
Lampton, David M. The Three Faces of Chinese Power: Might, Money, and Minds. Berkeley: University of California Press, 2008.
The United States of America was founded by and for immigrants who were searching for freedom. It has become the land of opportunity, the home of the free, and a place where you can experience the American dream. Moreover, each year whether it is voluntary or not, thousands of people will immigrate to the U.S in hope of a better tomorrow, leaving behind their families, homes and identities. Nevertheless, the journey is not always easy, most of the time these immigrants have to face many obstacles in order to come into the United States. Many will die before they even reach their destination and even if they do make it, they are looking into a future filled with struggles due to being undocumented, and are forced to live each day with the fear of being caught. Moreover, if the U.S can provide amnesty to undocumented people and regulate the laws in regards to immigration we can
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.
Lieberthal, Kenneth (2003). Governing China: From Revolution to Reform. New York City: W.W.Norton and Company
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.
Weiwei, Z., (2011) The China Wave - Rise of a Civilizational State. (World Century Publishing Corporation).
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.
When the new Chinese Government was set up in 1949, the new government faced a lot of problems. First on their agenda was how to re-build the country. As Communist Party of China (CPC) is a socialist party, their policies at the time were similar to that of the Soviet Union’s. Consequently, the CPC used a centrally planned strategy as its economic strategy when it first began. For a long time, the Chinese economy was a centrally planned economy in which none other than the state owned all companies. In fact, there were absolutely no entrepreneurs. As time went on, the problems of a centrally planned economy started to appear, such as low productivity, which was the key reason for restricting the development of China. With the population growing, the limitations of the centrally planned economy were clear. In 1978 China started its economic reform whose goal was to generate sufficient surplus value to finance the modernization of the Chinese economy. In the beginning, in the late 1970s and early 19...
During the twentieth century, the world began to develop the idea of economic trade. Beginning in the 1960’s, the four Asian Tigers, Hong Kong, Singapore, South Korea and Taiwan, demonstrated that a global economy, which was fueled by an import and export system with other countries, allowed the economy of the home country itself to flourish. Th...
Wei-Wei Zhang. (2004). The Implications of the Rise of China. Foresight, Vol. 6 Iss: 4, P. 223 – 226.