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
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.
To begin with, understanding what was happening in China that caused these changes is key. One thing that changed was the opinions of the educated on cultural festivals. These festivals were to "exorcise evil and bring good fortune" (SMCD 112). But in later years, these festivals began to attract thousands of people and participation
China is renowned for its nationalism and opposition to the West. It wasn’t until the 1970’s, when Deng Xiaoping allowed other countries into China, that they began their own globalization journey. Even after that huge leap forward, a mixed market economy with trade didn’t really materialize until the 1990’s. The former leader, Mao Zedong had instituted a communist rule. Under Mao’s rule, the people had no voice and no choice. Businesses, temples, school and medical care was governed by Mao. He ordered the destruction of many ancient temples and adorned the city with portraits of himself to serve as reminders to the citizens of his power. Jobs were assigned to those with the best capabilities and to what the government felt suited the individu...
Globalization has brought Chinese companies with four significant opportunities to do business. The first opportunity is the reduction of manufacturing costs, which are mainly caused by scale economy (Bird & Rajan 2001). According to Hitt, Ireland & Hoskisson (2007), the concept of scale economy is that a firm’s unit cost decreases as the output increases. Because globalization leads Chinese companies to expand worldwide, they produce more output and manufacture under the economies of scale. Therefore, the companies’ manufacturing costs could be declined. The next positive aspect of globalization is the improvement of product quality because of the widespread transfers of foreign technologies. One typical example provided by Farug (2010) is that Chinese Sport Utility Vehicle (SUV) producers are now taking full advantages of technology transfers so as to enhance their automobiles’ quality. The third helpful effect is that globalization provides companies an access to external financing through the international financial market. As a result, they can achieve efficient capital manageme...
Since 1911, the Chinese people have encountered many social problems, but none as large as Communism. The Chinese government, particularly under Mao, has committed many atrocities and has stripped their own people and country of valuable ancient culture. First, the farming lifestyle was massively eliminated during the Cultural Revolution, and so was the family structure. Second, the Chinese government successfully implemented low tolerance policies for opposing values. Finally, the Chinese people have became slaves of their own government. With the Chinese Communist Revolution during the 1960s came a period of great change for Chinese culture including vast alterations in the common lifestyle, tolerance, and the structured social organization.
China's capitalism and boom was born when their president, Deng Xiaoping permitted the provinces to dismantle their communes and collective farms. This led China to venture into free-market economics, although they were still under the communist political system. When President Deng announced that they needed Western money and expertise, China flung their trade doors wide open and China went on a capitalist drive without ever looking back. By mid 1960's, the Chinese Revolution settled down to the job of ruling China. Its main goal was essentially nationalist: a prosperous modern economy. While there continued to exist substantially economic inequalities, distribution of wealth was probably a bit more equal than in most Western countries.
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.
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 ...
In many ways the Chinese culture has developed. The social standings and religious beliefs are still viewed today. They still have a strong governmental stance, even though it has changed in many ways since the first ruler.
The social values and history have shaped and formed the economical developments and the current environment of business in the People's Republic of China. They have determined the patterns for negotiation and the Chinese perceptions of business, and their feelings towards westerners. The implicit and explicit rules that the Chinese society has on the development of businesses, and the economy in general, are very important issues for any person going into China to understand and consider. In order to achieve a successful partnership between Chinese and Western cultures it is essential to have a basic understanding of history and cultural developments that have shaped the current environment of business. The three pillars of China are economy, culture, and society.
China's development is praised by the whole world. Its developments are not only in the economic aspect, but as well in its foreign affairs. Compared with other developed countries, China is a relatively young country. It began constructing itself in 1949. After 30 years of growth, company ownership had experienced unprecedented changes. Entirely, non-state-owned companies can now be more involved in sectors that used to be monopolized by state-owned companies.
When thinking about globalization, why should that not be our alternative? Globalization, sounds like it would bring unity and full participation from all countries during global crisis. Globalization may be the most powerful form of action that the government could perform. If all the countries did come together and formed an alliance, they can have all of the country’s best entrepreneurs, politicians, economist, engineers, and scientist come together to be able to innervate or invent products and plans that we could not even imagine. Effects of globalization would be faster progression on innervations and inventions, improved strategies and methods that will enhance our economy, and open communication to all foreign countries.
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.