The Impact Of Globalization On China

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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. 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. In 2012, China was the 18th fastest growing economy. (www.economywatch.com) In 2013, China became the world’s largest exporter. $2.21 trillion worth of production was exported around the world. China also manufactures for business from other countries. Raw materials are shipped to China and then assembled in factories before shipping it back to the countries. Globalization has helped China’s economy a lot because without globalization, China wouldn’t have made money from all the manufacturing. (www.useconomy.about.com) Socially Globalization has greatly impacted China’s social connection to other countries around the world. This happens because globalization allowed exports and imports to run more freely. Since the invention of
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