China: The Awakening Giant

Paper Summary:

This paper discusses the progress made in opening China's economy to Western investors and goes on to explain that as the older communist hard-liners retire and die off, the new younger politicians who have benefited from the growth of a free market economy will replace the old guard. This paper also ponders the paranoia in China and the U.S. which keeps China from completely abandoning its policies of aggression. The writer of this paper ascertains that China's policy in Hong Kong and their willingness to offer the Taiwanese the same separate system of government are both signs that China will be less aggressive in the next century.
Topics covered this report include:
Introduction
The Move Towards a Free Market Economy
The Move Away From Isolationism
A New Non-Aggressive China for New Millennium
Conclusion
Works Cited

From the Paper:

"Under Mao Tse Tung, China maintained a policy of isolationism. The European Imperial powers had devastated the Chinese economy and the was a strong and natural mistrust for the former powers. England's policy opium for goods caused an increase in the production of opium and turned a large segment of the population into addicts. Opium was illegal under Chinese law, but as the British gained control, these laws were ignored. Economic distrust was warranted, and the country followed a path of economic and political isolationism. This started to change in the seventies with Richard Nixon's visit, and has continued up until present day. As China becomes a more free market oriented economy, isolationism will disappear completely."

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