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China's policies
introduction to comparative analysis for china and india.
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China: The world’s next super power or a flash in the pan?
Econ Outline: Is Chinas current economy sustainable?
I. China is a country who economic growth has been increasing and is believed to continue increasing for time to come
a. Past Data
b. Current Data
c. Future
If China continues on the its current economic path, it has the potential to be a very powerful country
II. Over the past five years China’s GDP has grown by 8% annually
a. Data
i. 1978 and 1998 gross domestic product or GDP per capita grew at an astounding 8 percent annually
ii. a performance which makes China the most rapidly growing economy in the world during this period
b. What data means
c. How it shows what is currently happening
III. What is going on right now in China
a. What economy is doing
i. In 2002, the Chinese Communist Party announced a goal of quadrupling per capita income by the year 2020.
ii. Starting at income levels of the year 2000, this would require a growth rate of 7.2 percent per annum in per capita income or close to 8.0 percent in GDP
iii.
b. What china is doing to promote economic growth
i. China has substantially increased the percentage of its workforce receiving a college education, and continuing growth in this investment in human capital could account for a large portion of the desired growth rate
c. How they can cause future change
IV. China’s economic future.
a. Possible problems
i. If China grows like a setting of the simulation, the energy
Consumption is very likely to exceed the supply. In this case, the growth of China as well as the rest of the world will be stagnant
ii. Insufficient resources, irrational economic structure, and over-dependence on foreign trade and government investment could a...
... middle of paper ...
...nd the EU”. Retrieved April 12, 2006, from http://www.nber.org/books/ease16/iwamoto12-14-05comment-on-kotlikoff.pdf.
Rodgers, Y. (2006, January). Asia’s Race to Capture Post-MFA Markets:A Snapshot of
Labor Standards, Compliance, and Impacts on Competitiveness. Retrieved April 12, 2006, from http://www.econ.utah.edu/activities/papers/2006_02.pdf
Striving for Sustainable Growth. (2004, February 27). China Daily. Retrieved April 9,
2006, from http://www.china.org.cn/english/BAT/88647.htm
World Bank (2006). Statistics retrieved April 03, 2006, from the World
Development Indicators Database (WDI)
World Factbooks Rank Order-GDP. (n.d.). Retrieved April 03,2006, from
http://www.cia.gov/cia/publications/factbook/rankorder/2001rank.html
Table One
Source: Data compiled from World Development Indicators Database
Table Two
Source: Data Complied from W
One of the top contributing factors is China’s constant population growth. People have tried to speak up about this issue, as stated
a car following Jack. Jack went to the Ventanna Nuclear Power Plant to hide from
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.
Coates, B., Horton, D., & McNamee, L. (2014, January 1). CHINA: PROSPECTS FOR EXPORT-DRIVEN GROWTH. Economic Roundup Issue 4. Department of the Treasury (Australia).
In 1978, China was positioned 32nd on the planet in export volume, yet it had multiplied its reality exchange and got thirteenth biggest exporter in 1989. Between 1978 and 1990, the normal yearly rate of exchange extension was over 15 percent,[11] and a high rate of development proceeded for the one decade from now. In 1978 its exported on the in the world of the overall industry was insignificant, in 1998 regardless it had short of what 2%, however by 2010, it had a world piece of the overall industry of 10.4% as stated by the World Trade Organization (WTO), with stock fare offers of more than $1.5 trillion, the most astounding in the world.
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.
Though China is the world's fifth-largest country in terms of area and the second largest country in Asia, it is the most populous country in the world. There is over one billion Chinese people which is 19 percent of the world's population and the population still keeps growing. From 2000 to 2010, Chinese population growth is about 6.2% and if we compared the population from 1960 with 2010, the population had grown more than 100%. While half of Chinese people live in the rural areas, the urban population is growing rapidly. In January 2012, urban population has exceeded the rural population for the first time. Now about 100 million rural people become migrant workers which move in and out the cities in search of work. This has caused many problems in China , since in the past and the present day, such as traffic jams in the city, pollution, and most importantly the shortage of food and shelter. This might affect the Chinese economic as well.
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.
Wei-Wei Zhang. (2004). The Implications of the Rise of China. Foresight, Vol. 6 Iss: 4, P. 223 – 226.
...st and stand in the world. It is predicted that China will one day be the largest economy growing country in world. They continually growing and rebalancing their world to be the best. The growth of economy will depend on the Chinese government comprehensive economic reforms that more quickly accelerate in China transition to a free market economy. The consumer demand, rather than exporting the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental. (Morrison, 2014,para2)
What makes economic growth so interesting is that it enables a country to do so much more than they are financially capable of to date, through economic growth a country can also help to lower the countries deficit. To date The Bahamas government have invested millions of dollars into the economy such as new roads and highways, schools, hospitals, hotels etc. If an economy makes an investment it is to improve and encourage growth within their economy. In my opinion economic growth is beneficial to any economy although there are a number of hurdles that must be crossed to really feel and see the economic growth. This research paper is to enable a better understanding of the economic growth and how The Bahamas has grown and investments that they have made to sustain the economies developments.
Economic boom in India and China: India and China account for 1/3 of the world population and these countries have seen a great economic boom in the recent years and this partially is attributed to the rising costs. Around the world, people have eaten more as they grew richer. This phenomenon is called Nutritional transition. Hundreds of millions more people are now rich enough to eat meat compared with 10 years ago, with meat consumption in China more than doubling over the past 20 years.
...e will dissipate. With each new day, China continues to invent new technologies and expand their global markets. China is only getting stronger, and if the United States wants to remain a contender is this race to be the best, we must stay alert and continue to not only keep up, but outperform the Chinese.
Education is the process of learning and acquiring knowledge at school from a teacher, receiving knowledge at home from a parent, a family member, and even friend. Education is a key that allows people to move up in the world, seek better jobs, and succeed in life. Education is one factor that affects job positions people hold, advance in their further career, the income they make, and the title they hold. The more educated a person is, the more prestige and power that person holds. Education improves the quality of life, reduces ignorance, and exposes frontiers and opportunities not previously handled. Education also focuses on the values, attitudes and behaviors that enable individuals to learn to live together in a world characterized by diversity and pluralism. Countries with a higher educated population will undoubtedly succeed in their economy, welfare, and trade, etc. China has the world’s largest education system. Many people in today’s generation believe that the world’s most intelligent individuals reside in China. With its growing population competition within China and internationally has become very apparent. Chinese children aged 6 through 15 are required to attend school. China’s education proves to be the strongest system in the world, not only in modern day, but also in the past. The education system of China unmistakably varies in comparison with the United States.
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.