All countries have different levels of globalization and they’re all determined by many indicators. In China, it’s quite different. Even though China is considered as an MEDC, many provinces are not very developed. This is because China is a huge country with an immense population which makes it harder for the government to develop the country as a whole. That said, globalization is still a huge part in China’s development and globalization affects many different factors of the country.
China’s foreign direct investment policy has caused to the growing income completely different between coastal and inland city by focusing on specific regions. The Chinese authorities not only are giving the rights to reducing difference regional income by developing the western and central regions of the country, but also including by attracting foreign direct investment to these regions through increase investment in
There are so many articles and information is presented about “Doing business in China”. Even some MNEs, which successfully operated in numerous foreign countries, failed in Chinese market, just because of misunderstanding Chinese perceived environment (The case with Barbie). It is definitely hard to penetrate in the nature of the host country business environment. The one way to solve this challenge is to joint with local company, a local partner can help the entrant to make understand local way of doing the business. This approach suits even more in countries with developing economy such as China.
The reason why we were able to get socioeconomic rights in countries like China is through massive systems of redistribution and bringing up the poor from the public. So if you want to claim literally the communist country for your side, that is to say the people who've put together the single biggest system of economic and social rights... I think I've said
Although when workers are laid off they are supposed to receive compensation, millions of workers either received no compensation due to corruption from top level officials or minimal compensation (600 yuan) for their services. As a result, with subsides, sometimes lower than minimum wage, individuals had to look for work elsewhere to support themselves and their families. Furthermore, across all of China, it is estimated 70 million peasants lost their land due to seizures and is the reason for peasant pauperization (Pai 27). The rest of the land was redistributed among the peasants. However, farming on a bit more than an acre was not adequate to provide for an average household of four.
Some scholars have pointed out that “globalization has fueled economic developments in both developed and developing countries, but has also intensified both positive and negative interdependence among national and religious cultures”. ( Chiu, C., Gries, P., Torelli, C. J., & Cheng, S. Y. 2011) It is a general problem which is not happening in China only. Besides, people’s values may have changed through the process of world globalization in the aspects of cultural psychology and cultural identity. According to my knowledge, Chinese now even attach more importance to western festivals such as Christmas and Valentine’s Day rather than our own traditional festivals.
China's economic growth over the past few years and change/ introduction of policies have always played an important role.China is a developing country whose certain policies like the one child policy (now the two-child policy) had led to a rise in certain issues.The government designed this one- child policy to deal with certain socio-economic problems like population control. After a brief introduction of the economic history of China, I will focus on the one-child policy which was introduced and then changed to two child policy. This was brought up as even to this day, population in China is increasing and it is a major problem.Population planning is an integral part of the economic and social developmental plans of China.1 Policy makers
Consequently, the powerful countries are the main beneficiaries of the land lease. Nevertheless, the poor countries like Sri Lanka can benefit from Chinese investment. Developing countries lack capital for investment, and China becomes a huge source of capital for them, especially when other western countries are reluctant to invest due to various reasons. That is why the present government of Mr. RW that criticized the former government for taking Chinese loans when in the opposition does the same thing after assuming office. Also, it helps transfer of technology from China to Sri Lanka.
The disadvantage that China will face with this mixed market system is that many hundreds of millions of people still remain poor because most of whom live in more isolated interior regions of country away from prosperous coast; therefore creating a gap between rich and poor. Besides that, the taxation money that the government takes from the citizen which is used for development of the country is only done in the prosperous coast leaving out the other regions of the country. Furthermore, the employees the works for foreign company has to pay high tax rate compare to the government employees (Jerry w; 2011), (Nation Master;
Shadow banking allowed these borrowers access to funds even though they were smaller than offcial state policy allows for borrowing through retail banks. The backbone of the system’s importance in China is this ability to fund a new pool of investors and borrowers, eager to profit from China’s transition to a market based economy. It is very difficult to precisley estimate the size of shadow banking in China as defintions of shadow banking differ greatly amongst companies, markets and