Disadvantages Of Standardization In China

In recent years, we have witnessed various transformations in the governing dynamics of our world at almost every level. In these fast paced times rapid technological advancements ,shift of the balance of power by emerging economies and the increase in the world's communication capacity, there is a dire need for a level playing field. This is where standardization comes into play. Establishing a sense of fairness in every competition, may it be college admissions or world trade. Standardization is the key for providing equal opportunities and ensuring that everyone faces the same playing elements. Thus, for a nation adapting and regulating international policies, it would result in a level playing field that benefits its market economy, stimulates international trade and marks a positive change on people’s lives.

For a developing economy there are two viewpoints of looking at a level playing field. The first is technical.That is access to information. This is common amongst all but the prosperity from that information is what differentiates the competitors and paves way for another playing field.
This 'field' includes the mechanisms for starting, running and folding a business. Moreover, it encompasses the availability of resources, investment of capital, skilled labor,

It could lead to more expensive goods for everyone (except the Chinese) as well as reductions in Chinese investments, particularly in the purchase of dollars. That, in turn, could fuel more significant interest rate increases and reduced economic activity. As Norris puts it, "the largest vendor financing program ever has stimulated both the Chinese and American economies." Is it wise to "level" this playing