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Positive effect of free trade
Positive effect of free trade
Positive effect of free trade
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[The trade patterns of China and its prospects]
[Japan as one of the main trading partners]
[BA-IB, 2nd Year; Pejman Ziaei, Mihály Prokop, Mansur !gayev]
[2012.12.05]
Contents
Introduction........................................................................................................................................................2 FDI into China....................................................................................................................................................2 The dynamics of foreign direct investment to the economy China..................................3 2005-2010 yy., in $billion.........................................................................................................................3 National Factors of Endowments. Heckscher-Ohlin Model Applied................................4 Protectionism remains in China after 11 years of accession to the WTO..................11 Heavy tariffs.....................................................................................................................................................12 Why is it difficult for China to change their protectionism and prevent frequent antidumping cases?.....................................................................................................................................12 China and Trade with Japan...................................................................................................................13 History of Trade with Japan...................................................................................................................15 China-Japan Trade Agreements......................................................................................................
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...mic models, to see if the patterns of Chinese trade are constant with the model predictions. China participates in multilateral and bilateral trade in international arena. A lot of scholars attempted to investigate its pattern with the trading partners, and as a lot of them looked into China’s trade with the United States, as a leading trading partner.
6 Olga Poluzakova; “Features of China’s Economy and its Prospects”; Page 8. Translated www.rea.ru. Web: Nov. 25, 2012. 7 Rodionova IA The global industry: structural changes and trends (the second half of XX -beginning of XXI centuries.): Monograph / / Moscow: State Educational Institution MSFU, 2009.
8 Olga Poluzakova; “Features of China’s Economy and its Prospects”; Page 13. Translated www.rea.ru. Web: Nov. 25, 2012.
Alexander Ostrovsky The Chinese model of transition to a market economy. ¬Moscow: RAS IFES, 2007.
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.
New York: Norton, 1999. Print. The. Fairbank, John King, and Edwin O. Reischauer. China: Tradition and Transformation.
I found this article "Foreign direct investment: Companies rush in with the cash" on the financial times website (www.FT.com) published December 11, 2002 written by John Thornhill. The reason for choosing this article is my personal interest in the Chinese economy and its attractiveness to the foreign investors. Apart from the foreign direct investment this topic has also helped me in understanding the impact of Chinese economy on the global market.
by a world power can be felt by practically every nation of the globe involved
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.
The United States and China share the most imbalanced bilateral trade relationship in the world. The United States imports more goods from China than it exports to a tune of $202 billion dollars each year. All told, China alone accounts for nearly 26% of the United States' $725.8 billion trade deficit. “Increasingly, this imbalance has been the subject of a major political backlash within the U.S. congress, where some have charged that the US is destroying its industrial base to support a communist country's industrialization." http://worldnews.about.com/od/china/a/china_trade.htm
In the year 2007, China and India ranked first and second respectively in the list of ideal foreign direct investment (FDI) destinations, according to A T Kearney, a global strategic management consulting firm (The Press Trust of India Limited, 2007a). The two nations, because of their similarities in geopolitical, economic and demographic aspects, are often compared with each other. To determine which one is more attractive for businesses to expand to, this essay will examine the business environment of both countries from the following perspectives: political/legal, economic, socio-cultural and technological.
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)
... middle of paper ... ... The. “China: Rise, Fall and Re-Emergence as a Global Power.”
Sukar, A., Ahmed, S., & Hassan, S. (n.d.). THE EFFECTS OF FOREIGN DIRECT INVESTMENT ON ECONOMIC GROWTH. Southwestern Economic Review.
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.
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...