China: An Emerging Market

Paper Summary:

This paper discusses how China is considered an emerging market, despite the fact that it has vast resources and a population of more than one billion. It looks at how the country has made many efforts to make its economy strong, more open to international investors, and more competitive in global markets. It examines how, since the 1990s, China has accelerated its integration into the world, particularly in the economic field, and how, today, China has begun pursuing foreign cooperation that extends beyond the economic, social, and cultural fields into the fields of security and politics.

From the Paper:

"There are many drivers behind China's globalization strategy. One of the major reasons for China's recent success is the country's low manufacturing costs, which have made it an offshore production choice for many types of businesses (Hall, 2002). China has also benefited from a large population of highly skilled workers, including scientists, technologists and engineers, while Chinese scholars educated abroad over the last decade reportedly make up more than half of the top scientific researchers currently involved in major projects around the world."

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