(Koves and Marer, 1991). The introduction of incentives for exports brought China a step closer to trade liberalization as they reduced the biasness for exports. Chinese government effectively managed trade liberalization using 3 mechanisms in order to improve economic performances. Firstly shock effect; pushes most domestic firms to produce at highest potential efficiency under high competitive market. The increasing number of foreign investors in China will have negative impact on the economy without government’s intervention.
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.
ABSTRACT China reformation and rebalancing of economy has changed the international system. Right now China is consider as one of the superpower because of their economy this paper was written to discuss about the China’s economic development from the past thirty years, how China’s economy has influence the international system or not and analyze whether china can surpass the United States as global economic power based on the arguments by various scholars. Key Words: China, United States, reformation, economic growth, influence, international economy INTRODUCTION International system changes with time. There are a lot of differences that we can look if we look on various types of perspectives. One of the perspectives is in terms of the
In fact, the Chinese population continues to grow steadily and this could change the social and cultural trends. Another important point is the education; in fact China emphasize on the literacy rate that in China was over 90% (huebler.blogspot.ch, 2008). China is known to be a country where the population prefers to receive implicit messages and not to make any idea. For those wishing to open a business in China, the key to success is the relationship with the private relationships with various stakeholders. Another problem in China is corruption.
That said, globalization is still a huge part in China’s development and globalization affects many different factors of the country. The factors are environmentally, economically, politically, and socially. Economically China has greatly benefited from globalization economically. This visible through it’s GDP growth. China has the second largest economy in the world followed by the U.S.
While other reform strategies may not have posted as remarkable of results as the agricultural reform, it was easily apparent that China’s new economic approach was effective. As a result, China moved into a time of widespread institutional reform with the ultimate goal aimed at gradually creating a capitalist style free-market economy under the direction and authority of a communist party. The following reforms, which were implemented in stages, sought to disperse centralized state-owned economic control to various enterprises of local and provincial governments. Inefficient state-owned enterprises were either handed over to local and more specified entities or converted into privately owned and operated organizations in attempts to increase
Globalization has been a revolutionary and beneficial change in both developed and developing states throughout the world. What globalization really provides has been a controversial topic that has been ongoing for years now. Although numerous definitions exist, it can be defined as: “a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology.” The influence of globalization at its core allows markets more freedom, while weakening restrictions from the government. What enables this is the removal of worldwide barriers which further encourages the expanding of an international economic market. The immense
In the other hand, if we see it in the sense that global institutions will become more prominent as time goes, because of the real need of global governance existing nowadays, mainly in some regions of the world, and the lack of some central guide that should rule and lead how most global problems and conflicts raised up from the wide variety of interests generated by the economic globalization would be solved we can in fact agree with the statement. The world exists nowadays as a “global village”, the fact is that countries are more and more interdependent in every activity they develop, mainly due to the economic globalisation the world is passing through, therefore it is created the incentive for states to cooperate more if conditions for that are proportionated, if that cooperation doesn’t exist some problems can arise and evolve into serious conflicts. This is one main role of globalisation of world politics, the capacity to maintain the good relation between worldwide
Nationalism, socialism, developmentalism, revitalization, and happiness. According to Alan Brittingham nationalism seperates selves from others. (Brittingham, The Role of Nationalism in Chinese Foreign Policy: A Reactive Model of Nationalism and Conflict, Journal of Chinese Political Science 12, no. 2, 2007:149). Realization in Chinese Dream is additionally very important and states that personal interest has to sacrifices for the general society and nation.
Globalization is inevitably invading the intrinsic identity of nations due to transnational exchange. For Japan, being a homogenous nation (as cited in Dong et al, 2008), there is a struggle of globalization, especially in its labor industry. Japanese industries have identified market expansion overseas as a solution to such. It is also to cope up and compete with its foreign counterparts without heavily relying on costly importation and exportation trade (Gudjonsson, 2009). However, it appears that the country is struggling to avoid from majorly importing products.