Exam 2 Extra Credit
The World Affairs video covers topics about the Chinese economy from Yukon Huang’s book Debunking Myths About China’s Economy. Huang begins by explaining that Americans often possess an inaccurate opinion of China. Many believe that the United States invests too much into the Chinese economy which is leading to job loss and the degradation of our country’s image. When asked which country the world’s economic leader is, most Americans believe it is China. On the other hand, most Chinese believe it is the United States. The United States invests very little of its economy into China. “Other countries such as Japan and Taiwan invest around 20-25% into China.” (6:30) Another issue Huang addresses is how little our countries
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The government believes that China’s cities are overcrowded, and some citizens must relocate to smaller cities around the country. This has made moving to large cities incredibly difficult. “40% of the people in China’s major cities along the coast are illegal migrants in the sense that they don’t have residency rights. That means they can’t buy homes, they can’t drive a car, children cannot go to local schools. They don’t have social services.” (16:00) Huang believes that China’s cities are too small in comparison to other Nations and that there is potential for reducing air pollution and making the traffic more …show more content…
In China, the provinces are heavily competitive with each other all while individuals and firms inside these provinces compete as well. This competition helps to strengthen the economy and reduce the potential for negative corruption and monopolization. Huang also believes that debt is not an issue for china despite soaring figures. He believes that the recent introduction of private property has aided in reducing the impact of debt.” Land prices in China have increased by 600% over a 10-year period.” (33:50) The wealth inequality in China is quite eye opening. How these individuals earned their fortunes is quite different than in the United States. While many recent millionaires and billionaires came from Internet startups, most of the wealth in China comes from property ownership. “95% of the Chinese own their homes. And that is because in the late 90’s the state gave the rights to these homes to everybody.” (37:00) Huang describes that since many families own a home, there has been a large wealth buildup due to home
The causes and effects of the decline and fall of Han China during the classical era had similarities and differences when compared to the political, economic, and social causes and effects of the decline and fall of Rome during the Classical era. First of all, the political causes of China’s decline and fall centered mostly around corrupt government officials. Corrupt officials would not pay taxes which upset the peasants and in turn caused political unrest among the Chinese people. Similarly, Roman emperor Caligula didn’t care about the well-being of the Roman Empire and instead preferred spending his time partying and having orgies which bankrupted Rome and led to a raise in taxes. As a result of raised taxes political unrest began to spread throughout Rome.
The Gilded Age, a forty-eight year period at the end of the nineteenth century, was described as a time that has a rotten core covered with gold paint by Mark Twain. During that era, after the Civil War, the nation had been filled with unscrupulous businessmen and massive corruptions. Similar to the situation in the Gilded Age, the wealth gap in today is enormous and hence causing people to call it the second Gilded Age. Although society in the U.S. is different nowadays, the economic and political situation from these two time periods share many similarities. Gilded Age is an era where economy grew astonishingly.
The Chinese man has appropriated himself completely in the American identity because that is what global culture is: the American culture. However, America has remained the center of the global economy and therefore its ideas and culture are the face of the global economy and will be until a major shift
As outlined in chapter 10 of the course text, inequality in housing and wealth is a major problem. The United States is described to be the most unequal countries in the western hemisphere. But with the inequalities when it comes to wealth, the United States is one of the richest countries in the world. Wealth is the sum total of a person’s assets. These assets include, cash in the bank and value of all properties, not only land but houses, cars, stocks, and bonds, and retirements savings.
Humanity needs to change before all information is censored. In “College at Risk,” Andrew Delbanco discusses liberal learning and the “whole person” that may not be developed in college due to a lack of income. Liberal learning develops the “whole person” by teaching the basic ethics and morals a person should have. Anne Applebaum presents examples of censorship in her essay, “The Decline of American Press Freedom.” She uses China and Yale to make the point that differing forms of censorship are doing more harm than good.
In this day and age, today’s countries and their cultures are immensely different and unique in comparison to each other. China and Canada are no exceptions. The Chinese, known for their famous silk production and their Great Wall of China, hold an impressive history ranging over 5000 years. Canada on the other hand, has only been in the game for 150 years. The British colonization in 1867 had a major impact on the First Nations and has left a serious mark on their community.
For a long time I believed cultural assimilation plagued non-native cultures in America. Names became Americanized and people left their native languages at home. It is easy to see how anyone could feel pressure to blend and adapt. Being in a new country and having to learn new things all at once can be overwhelming. Upon reading “The Chinese in All of Us” by Richard Ramirez, I learned that the blending of cultures is not forced.
China 's air quality is lacking to a point that there is smog everywhere. The reason for this is that china and other countries are growing rapidly which is putting economic growth above environmental growth. Auslin mentions that “ The lack of industrial regulation , the burning of dirty coal, and the rapid growth in private ownerships of cars have combined to create one of the world 's worst air pollution problems”(Auslin). By having the United States come help they could work together to figure out new ways to help fix the air by making cars more green. By doing this China and even America can improve their air qualities in substantial cities.
The United States exhibits a wide difference of wealth distribution between rich and poor people, which is larger than any other major developed country.
Annotated Bibliography Cohen, M. (2014, April 26). The American Dream is now just that for its middle classes – a dream. The Guardian, p. 00. “The American Dream is now just that for its middle classes – a dream” by Michael Cohen explains the perception of Americans towards the decline of the middle class. The article details how the middle class was viewed before the elections of President Obama, and how it’s viewed after the creation of the Affordable Care Act.
These sources of inequality are inherent in China’s hukou system which restricts rural migrants from privileges enjoyed by urban residents in terms of social security such as retirement benefits, schooling, and housing (Joseph, 2014, p. 260-261). The addition to income from a university education compared to that of primary schooling has increased dramatically from 9% in 1988 to 39% in 1995 to 88% in 2002 (Gustafsson, Li and Sicular, 2008, p. 25). This means that levels of educational attainment highly influenced the income earning prospects and is a significant factor of income inequality in China. Indeed, gap in education contributes as much as 11% to China’s Gini coefficient (Gan 2013, p. 18). The exclusivity of access to education inherent in the hukou system therefore significantly contributes to the rising levels of inequality in
First and foremost, one must acknowledge the plainly visible fact that the Chinese economy has grown exponentially since the process of integration into the global economic system began. China 's comparative advantages, particularly in the labor sector, has transformed it into the second largest recipient of FDI in the world.1 Over the course of the last 20 years, exports have grown approximately 17.1 percent per year.2 This ultimate result of this investment and trade has been an overall growth rate 8 percent per annum,3 which would have been completely unattainable without the country 's engagement in globalization. Foreign investments have
Overpopulation Overpopulation is a condition that is undesirable. Overpopulation is one of the problems that people concern it to. One of the serious countries facing this problem is China. Reports in China show that it has about 1.4 billion people in this country; it takes about one over seven people of the world population. China is the third largest land after Russia and Canada in the world.
According to Thomas J Campanella, “It is estimated that another 350 million Chinese will become urban by 2025. “ This means urban life in China will keep getting overpopulated and will extremely dangerous to breath any air due to the extremely high amount of pollution. This is a huge reason for you to not live in urban China and live in rural China because you can possible die from living in China in the future Additionally, according to Thomas J Campanella, “Nearly half the world's steel and cement is devoured there, and much of the world's heavy construction equipment has relocated to the People's Republic. Tower cranes, for example, have become the ubiquitous symbol of urban China. “ This means there will be even more pollution due to them building factories and machinery and cars which all makes more pollution.
Since the housing crash there have been a number of articles and talking heads lamenting homeownership. The opinion is that it's just not a good investment anymore and for some people homeownership is just not in their best interests. Let's look at this from a long term prospective. Owning a home adds pride for the home owner as well as the neighborhood. You can drive down most streets in most any neighborhood and tell which homes are rented and which are owned by the people living there.