China did not keep up with industrialization as much as the Europeans because they believed that their country was already prosperous and productive with its large labor force that produced everything they needed. In addition, they lacked the natural resources to industrialize (Zheng, lecture). Britain persistently tried to persuade China to expand their trade to them, sending Lord Macartney to the court of the emperor to discuss this expansion, but the emperor declined all requests (Cheng, 103). Because China had a strong culture, the people from the tribute countries of which China did trade with began to immerse in Chinese culture, while the British did not (Cheng, 105). The emperor permitted trade with other European countries, with the intent that they adopted to Chinese culture, unlike the British (Cheng,105).
With the political side, Deng slowly let Hua go due to lack of qualifications. There was also political expansion. Deng wanted China to have an honest political party that the country could depend upon and not take them one step forward and two steps back the way that Mao previously had. The political system went from holding all the control to a lesser control reform. China wanted to make the government more efficient rather than abandoning it like most would.
There is a developed system in the West but China has not. Secondly, they also used their own promot... ... middle of paper ... ...actories were found to be very immature, subject to guanxi networks, or even non-existent. Brand X only used its own theory and experience to develop its China market. The theory and experience in the West are not useful in investing in the China market. The the legal system, infrastructure and guideline are developing and guanxi is important in China.
With Britain importing more from China than exporting and China only accepting payment with silver, this put stress on Britain’s economy. The British began cultivating and exporting opium to try and balance the amount of imports and exports from Britain. After the people in China started to be lazy and unproductive it took a toll on China, which caused opium to be outlawed. Even after the Emperors ban on opium, Britain did not followed the ban and the illegal opium trade was still growing. The Emperor appointed Lin Zexu in charge of governing trade in Canton and eradicating opium trade.
By the end of the First Opium War China had begun to lose its sense of identity through the use of treaties and encroachment of foreign countries, starting with the British and their Treaty of Nanking. Throughout the years Britain had always tried to use the Chinese markets to their advantage. This is what was seen as the biggest and only cause towards starting the First Opium War. Although the British were gaining a profit from selling their own goods to Chinese consumers, they were not making enough to counter the massive amount of spending they were doing on Chines... ... middle of paper ... ... to the Treaty of Nanking creating new ports for foreigners and allowing them to live lives contrary to what was expected of the people of China. The Chinese man had become addicted and it was just getting easier for him to get the opium he needed to satisfy his need, but in order to attain the opium he was leaving behind everything that his country had taught him about his sense of self.
In this process, they succeeded by influencing Japan greatly. However, they were not as successful with China. At the end of the eighteenth century, China’s goods were much desired by Britain. However, the Chinese saw Europeans as savages and did not want to trade with them. During trade, there was an imbalance in China’s favor, because the Europeans were forced to buy Chinese goods using silver.
Their entry into the Chinese market resulted in big profits and high potential for future growth. However, in 1998 the Chinese Government declared a ban on direct selling which threatened a substantial market for Amway. The reason the Chinese government decided to prohibit direct selling is because they believed Amway's direct-selling techniques could spread heretical religion and the start of secret societies. Chinese officials believed the ban was totally necessary because Amway's distribution and marketing policies were indicative of illegal activities. The original intent of Amway's founders was to create a business using a novel means of product distribution that facilitates entrepreneurialism, understanding of economic management, and economic independence among its associates (i.e.
Spain originally profited from the access to silver in the Americas but with time, the American Indians developing hardships which increased with the value of silver and China and the Philippines later benefitted more than them. Tomas de Mercado, a Spanish scholar (Doc 2) stated how Spain couldn’t profit from the access to silver because it was being imported to Chinese regions by the Manila port where the investments actually stayed. Their economies couldn’t get better because other regions profited more like the Philippine islands, which they conquered and China, which was receiving the silver. Another person who advocates the social aspect of why Spain was not benefitting from the silver trade was Antonio Vasquez de Espinosa, a Spanish priest. He wrote that Potosi, a silver mine, was being exploited for its natural minerals but in the process, it also became the home to horrid conditions for mine workers (Doc 6).
Even though Adam Smith would acknowledge that some Chinese citizens are casualties of globalization, he would conclude the economic development of China’s poverty stricken society unequivocally raised their standard of living. Adam Smith's Wealth of Nations, published coincidentally the same year as the Declaration of Independence, is considered by many economic scholars to be the early framework of capitalism. Capitalism is an economic system based on the exchange of goods and services in the marketplace. Supporters of capitalism are convinced that the economic integration of globalization is rooted in the Wealth of Nations. Adam Smith’s “invisible hand” metaphor explains how the entrepreneurial motivation of the individual, a strong workforce and a decentralized market are the driving forces for economic prosperity.
There was a demand for Chinese tea from ... ... middle of paper ... ... families suffered, but also showed Qing Dynasty’s decline point in the history. However, at the same time, in long term consequence, its open door policy allowed more foreign products to enter China which has influence on science and technology. Opium War changed China from world power to a state being colonized by foreigners. It is just like changing from being a tiger in the forest to become a rabbit. It was no longer like before that China could get tributes from other countries; instead, China had to open foreign trade ports, ceded Hong Kong, paid a big amount of money to British, and allowed them to practice extraterritoriality.