China and the US, as the world's biggest developing country and developed nation, used a variety of measure to prevent the financial crisis. To start with, as mentioned above, American governments’ great failure was the market superintends strength inadequacy. So regulators must accept responsibility for preventing the asset bubbles of financial markets（Mark Thomas, 2009）. As consequence, the Obama government has issued a series of prevent measures. They announced plans to impose much more regulation and oversight on financial markets to reduce systemic risk and avoid the repeat of the financial disasters (Dan Robinson, 2009).
I have chosen to use neoliberal institutionalism and constructivism theories to analyse the rise of China. By China’s rise, I mean the growth of China’s power to a position of supremacy in the international system. China’s rise has been widely anticipated throughout the 20th century. However, it is only since the 1989 Tiananmen Massacre that there has been evidence that China’s power is actually rising. Neoliberal institutionalism will help clarify China’s understanding of global and regional cooperation in the pursuit of growth and common interests.
He highlights that some countries are stuck in a poverty trap, and if nothing will be done this economic condition will be stronger in the future. Sachs writes, ”The poverty trap is self-reinforcing and not self-correcting. Therefore, overcoming the poverty trap requires special policies an global efforts” (Sachs 31). Some countries have already started to make radical changes in order to improve their economic and political condition. In fact, big corporation are starting to make long-term investments in developing countries.
“China will become the next major player in geopolitics, making China a responsible member of the international community or an economic superpower that is capable of shaping the world” (Herrington, 2011). The dispute between Google and China has surfaced weaknesses in China’s authoritarian regime to control information. However, China, a state-controlled society for centuries cannot be forced to accept and adopt concepts like freedom of expression in similar fashion as Western societies have done. China cannot be subjected to hegemonic domination by Google and has to adopt it on her own terms and pace.
However, In the aftermath of the Great Recession it is clear that the risk of financial innovation can lead to a devastating cost to society. Johnson and kwak (2012) argue that "we cannot say that innovation is “good” simply because there is a market for it. The fact that there was a market for new houses does not change the fact that building those houses has turned out to be a destructive use of capital."
Being known for his foreign policy acted as a personal goal of Nixon during his presidency. A visit to China donoted something unlike any other president had done before, and it helped to developed Nixon’s credibility as a foreign policy leader. “It has been said that Nixon 's trip to China and its results mark the most significant achievement in U.S. foreign policy since the end of World War II, because it shifted the global balance of power in favor of the United States” (“The Richard M. Nixon Administrations”). Along with his visit to China to help promote Nixon’s popularity in foreign affairs, Nixon utilized
Even if the outcome of the Round was a clear one, it would be very hard to identify its effects on 'developing countries' in general terms. The general outcome could be described as favourable to the sum of the developing world, with only TRIPs and the restrictions on future sovereignty of trade policy posing negative effects. But the advantages seem to be clearly for the most advanced of the developing countries, which already have developed basic services to offer and greater possibilities of attracting potential foreign investments. The new regime in services and anti-dumping would, however, offer gains to the least developed countries in the long-run, as long as they become more efficient in exporting the former or become more vulnerable to the
Chinese are known for their low cost advantage throughout the world and is acting as a disruptor for other firms as they have changed the whole landscape of BOP market by their offerings. Earlier differentiation and focus strategies were used by the players to offer products for specialized high end segments but now even with these policies they cannot fight against cost leadership strategies of Chinese
Rather than reducing social and economic inequality, China’s rapid economic growth magnifies the gap of benefits received by people in different socio-economic groups. As we will see, social and economic inequality are two sides of the same coin and is not solely the product of economic development. In addition to pure market forces, state policies play a significant role in contributing to the high levels of inequality China experiences nowadays. Despite the government’s concern towards inequality, recent interventions are not sufficiently targeted at the main causes of this issue which result in the continuing climb of China’s inequality figure. Nevertheless, contrary to conventional wisdom, the threat of inequality to China’s social and
raises an important question of whether we should readdress what it means to be considered a developed nation. While economic growth has been the standard for many scholars measuring country’s development level, measuring the economic equality level will shed more light on what it truly means to be developed. Just because a nation has a large market does not mean that the citizens are enjoying the growth. There has to be a way to address issues on economic equality.
America has the power to make the human race become what it is capable of becoming. America believe in making the World produce for the better instead of tyranny. For example if China was to become the leading country the country probably would shift to autocracy. The Chinese don 't really value an open economy. The Chinese economy soon may become the largest in the world, but it will be far from the richest (Kagan, 2012, p.21).
GI State Capitalism Jason McLure In this article, Jason McLure discusses whether state capitalism will remain successful. State capitalism means that a country’s government largely controls the country’s companies and therefore its economy. McLure contends that states do this for political advantage and lists China, Russia, and Saudi Arabia all as examples of countries who practice state capitalism. These countries all did well after the 2008 financial crisis.
As the second largest world economic power, China has been a rather “competitive” opposition in the garnering of resources and investment of foreign industries, whether it resides within its own borders or on foreign soil – culturally, politically, and economically. In the age of modern globalization of the 21st century after being shaped of 19th century imperialism by the dominant world powers at the time, the migration and integration are one of many processes that make its mark on businesses, economics, resources and the environment at large. But should European countries and the United States be concerned about China’s interest in the African continent? Should we, the West, not try to seek an understanding of Chinese companies influencing