Abstract The paper assesses the theory that one reason that the United States has for performing so poorly in the economic sphere in recent years is the growing strength of the economy of China. The growth of the Chinese economy has resulted in employment being taken from Americans as many companies have chosen instead to outsource their factories in China. The paper also discusses the political arena and argues that China is also gaining popularity while the U.S. is loosing respect on a world-wide scale.
From the Paper "China's recent gains in industrial growth have changed the ways in which the rest of the world now perceives the country, especially concerning the other major world powers. As this trend continues, China could change current power relationships and current existing financial situations, especially in regards to the United States. If one country takes a strong hold on the economy, the entire ratio begins to shift. Currently, as China has taken such a stronghold through their economic and industrial growth, this has taken an affect on the United States. With China's new position in the Twenty-First century, the U.S. has been negatively affected in relation to their previous economic position, as China obtains manufacturing companies who once did business within the United States, begins to require and utilize more natural resources and fossil fuels..."
Abstract China officially joined the World Trade Organization last year after a long series of negotiations. The entry of China into this world body has aroused mixed emotions among business analysts in the United States. Proponents feel that it will help Chinese economy and make its industries more competitive, while opponents are of the view that United States employment rate will be badly hurt by China's accession to WTO. China will certainly stand to benefit from increased trend towards global sourcing and the paper studies China's entry with reference to this particular issue.
From the Paper "China today enjoys a prominent position in the world because it is one of the fastest growing markets and this makes it the center of attention for the global businesses. The country has been introducing trade reforms since a long time now and in its attempt to become a major part of the world community, it offered to join World Trade Organization, which already has 142 members. But accession has not been a smooth journey for China because it was after almost 15 years that it was finally granted entry into this trade body. But it is felt that with the entry of China, things are going to change dramatically for businesses in Asia Pacific region and also for those firms that are on the look out for global emerging markets. In the past few years globalization has been the major trend for all large businesses especially the ones in the United States. The American corporate world has been engaged in global sourcing for sometime and with the entry of China in WTO, it is almost certain that these firms would find a wider market and sourcing would increase rapidly with China opening its doors to businesses around the world. "
Abstract A look at the history of the economic expansion of China, the preconditions and policies that have resulted in China becoming the natural economic leader in the region. This includes a discussion of the reasons behind China's continuing influence on the global economy.
From the Paper "This paper discusses the economic expansion of China over the last twenty years and China's leading role in the entire East Asian region. Additionally, China's continuing influence on the global economy by virtue of its massive manufacturing base and its potentially huge internal consumer market is examined. The argument is the China, by virtue of its economic, cultural, and political force defines the character of East Asia's economic profile."
This paper examines "Big Dragon China's Future: What it Means for Business, the Economy, and the Global Order" by Daniel Burstein and Arne de Keijzer who both contend that China is well on its way to becoming the world's largest economy.
Abstract This paper reviews Burstein and de Keijzer's "Big Dragon China's Future: What it Means for Business, the Economy, and the Global Order" in which both authors predict that by the 2030s China will be the world's largest economy. This paper discusses the various companies that have suffered due to the shifting politics of foreign policy between China being in favor one day and out the next. This paper also details the views of Jeffrey Garten, a writer for "Harvard Business Review" who sees China as enticement for foreign investors, yet stresses caution should be used in developing any business relationship with China. This well-written paper covers several areas regarding China's economy including a U.S. initiative supporting China's membership in the World Trade Organization, expansion of U.S. public-private partnerships to invest and help solve particular problems in China and development of China's policy mutually with U.S. allies. "Big Dragon" profiles many individual Chinese entrepreneurs and others who are bringing a new China into being. This paper also focuses on Zhang Wei, one of China's more successful entrepreneurs, who went from government researcher to heading a company employing 400 in only three years. Despite the differences between practices in China and other countries, many corporations are willing to take a big gamble on China, seeing that their future is dependent on their performance in China.
From the Paper "Over the course of his history, Zhang has captured the essence of the Chinese business world of "catch-as-catch-can". His corporation has various types of holdings, often-different one from the other. Zhang has bridged the gap across the Pacific with the United States with his position of "master franchise holder in China" of an American company, Fun World. What makes this situation particularly unique is that it is one of the first companies in China "to buy an interest in a U.S. company." At the time Big Dragon was written, Zhang was "negotiating an arrangement that would shift manufacturing of all the equipment for the centers to China." Zhang hopes to take the U.S. company over altogether, including the export of the concept to "other countries and selling the franchisees Chinese-made equipment." Zhang has encountered some problems along the way, problems that are compounded by China's culture and lack of laws, which govern specific business issues. One is that franchisees have stolen the company name and have opened their own centers."
This paper examines the rich history, economy and culture of China as depicted in John Bryan Starr's "Understanding China: A Guide to China's Economy, History and Political Structure."
Abstract This paper reviews "Understanding China: A Guide to China's Economy, History and Political Structure" by John Bryan Starr. This paper discusses China's ancient culture and its emergence as one of the foremost powers in the modern world. This paper focuses on China's recent admission to the World Trade Organization and as well as its economy which is set to become the largest in the world within the next few years. The writer of this paper examines China's political history and contends that in spite of the country's numerous transformations, the structure of the government is today fundamentally identical with what it was under the later imperial dynasties. Today, there is no emperor at the top, but instead a small committee of the leading members of various political parties who hold much the same position. Although there had been significant changes in China's economy, few political changes transpired. The communists still hold a monopoly of power and although its economic policies scarcely seem to be communist anymore, it does not intend to relax its political grip.
From the Paper "Starr contends that China remains one of the most self-contained and hence inscrutable countries in the world. It has an ancient culture of major historical importance, and has been emerging as one of the foremost powers of the modern world. It is the third largest country in the world and certainly the most populous, with about one-fifth of the world's total population. Modern communications make it as easy to reach Beijing from London or New York as it is to get to Singapore or Nairobi. Yet China remains little known and poorly understood; few foreigners learn its language or study its history and culture. Although foreign trade and tourism have increased dramatically in the last decade, they are only very slowly leading to any changes in foreign perceptions of China."
Abstract The writer of this paper analyzes the connection between China's booming economy and the substantial rise in stress levels among the population. This paper details the various factors which contributed to the high levels of stress and depression, including 20 years of economic reforms, increasing competition, job loss and the breakdown of the traditional family unit. This paper supplies extensive data and statistics relevant to the topic of this paper. In China, suicide accounts for 3.6% of all deaths and is the number five cause of death. China's economy is currently growing at an average of 10% per year, the highest growth rate in the world. The writer of this paper contends and explains why the wealthier China became, the more susceptible the population was to mental disorders. The increasing competition within the economic structure is impacting negatively on people's lives. This paper also discusses the strategies being implemented in China to reduce the suicide rate. Beijing opened its first Suicide Research and Prevention Center in 2003 and also launched a 24-hour hot-line to help people cope with psychological problems in hopes of preventing potential suicides. This paper contains 2 graphs and 3 tables relevant to China's economy, employment and suicide rates.
Table of Contents:
Introduction
Method
Background
Discussion
Conclusion
Bibliography
Data Source
Internet Source
From the Paper "The education level amongst Chinese has not been able to catch up with the fast growing economy. Study showed there were still over 10% of the Chinese population still considered to be illiterate. Unemployment is also a problem for China and one that many common citizens find difficult to accept under the communist government. Aggressive reforms of state-owned firms have laid off many laborers with no social insurance, medical benefits and few opportunities for re-employment. Many government-operated companies have trimmed down its work force in order to compete in the open market with other privately owned firms. Official figures show that more than 6 million laid-off state workers have not found new jobs, with an additional 10 million new workers entering the labor market each year."
Tags:economy, stress, reforms, mental, health, depression, society
Abstract This twelve page undergraduate paper examines China's impact on the global economy. The writer points out that this is already a significant matter, for China has become the world's second-largest economy and generates more than ten-percent of the global Gross Domestic Product. The writer points out that while the American economy is currently more than twice the size of China's, the PRC economy is easily the fastest growing economy in the world.
From the Paper "Ever since economic and political policy reforms began to be implemented by Deng Xio Ping in the late nineteen-seventies, the People's Republic of China has slowly moved towards greater participation in the global economy. The implications of a nation of more than one-billion people fully entering the world economy are significant, not only for the Chinese people but for the rest of the world as well. The Chinese market would be the largest in the world, and the PRC's production capacity and GNP will be very impressive if recent improvements continue to accelerate."
Abstract This paper examines how Hong Kong, once a vibrant manufacturing center of Asia, is fast becoming the financial hub of the continent. It shows how with its immense human resource in the financial sector and its expertise in handling export services, it is fast becoming the main business gateway of China. It analyzes the various economic reasons that have redefined Hong Kong's role from being a largely production centric economy towards a service oriented economy.
Outline
Thesis
Introduction
Economic Growth
Hong Kong - China Industrial Relocation
Effects of Investments in China Manufacturing Hub (A Declining Trend)
Reasons for the Shift
Hong Kong (Growing Entrepot Trade)
Tax Policies
Offshore Income (Tax Exemption)
Low Tax (Capital Income)
History of Hong Kong Currency
Aftermath of Reversion to China China's Entry into WTO (Implications for Hong Kong)
The Growing Financial Market
Conclusion
From the Paper "In December 2000 the monetary authority of Hong Kong introduced the US dollar settlement system. It is widely perceived that the introduction the US dollar payment system within Hong Kong was initiated with a view to further boosting Hong Kong's potential as a financial service sector. The new US dollar payment system is in tune with Hong Kong's export oriented economy. Joseph Yam, chief secretary of Hong Kong's monetary Authority said the new system, "is part of the Hong Kong Monetary Authority's continuing program of building financial infrastructure under its strategy for developing Hong Kong as the financial hub of Asia,?. He further adds, ?Because the exchange rate link suits an externally oriented, Entrepot economy, it will continue to serve Hong Kong well in its expanding role as a regional and international hub, as China enters the WTO.""
Abstract This paper reviews the article "China's Rising Demand for Oil and Pipelines Has Worldwide Implications," in which Gordon Feller discusses the unexpected negative impact that the ascendancy of China's economy into a major global economy has had on international markets. The paper goes on to discuss how for years companies all over the globe and especially in the West, have viewed China as an emerging market with vast potential for increasing sales for many years to come. Yet, most analysts seemed to overlook the fact that China's economy was expanding for a reason and that its emerging modern infrastructure and middle-class population with greater income levels would have the same energy demands as any other developed nation.
A discussion on the benefits of China's accession to the World Trade Organization for China and its trading partners with a focus on the United States.
Abstract This paper discusses the benefits of China's entry to the World Trade Organization. It examines how findings indicate that China will benefit from new export markets and increased foreign investment and how the main efficiency gains from WTO membership for China will be in the protected and non-traded sectors, which will feel the impact of import competition or the arrival of new foreign-backed competitors. It looks at how China's market access commitments will provide U.S. businesses the opportunity for significantly greater market access to a broad range of goods and services in sectors that are of key importance to U.S. businesses. It also shows how East Asian economies could also benefit significantly from China's membership, since Japan, the Republic of Korea, and Taiwan (China) all provide intermediate goods and quality consumer durables that could gain market share in China.
Outline
Introduction
Expected Benefits
Stability in External Economic Relationships
Access to China's Market
China Revitalized
Conclusion
From the Paper "There are seven types of trade regime commitments in China's WTO accession agreement that have a wide variety of positive implications for China's operation as a free market economy (World Trade Organization: analysis of China's commitments to other members, 2002). Some commitments require a specific action from China, such as reporting information about China's import-licensing requirements to the World Trade Organization. Other commitments are less specific in nature, such as those that confirm China's general obligations to adhere to WTO principles of nondiscrimination in the treatment of foreign and domestic enterprises. China's market access commitments will provide U.S. businesses the opportunity for significantly greater market access to a broad range of goods and services in sectors that are of key importance to U.S. businesses."
Abstract This paper discusses how China has confronted the issue of population growth. The writer gives a background to the economy and history of China, explaining that for four decades China engaged in population control planning. The connection is made between the population control and equilibrium in the economy. The author continues by examining economic growth rates and population growth, through demographic statistics. Finally, the paper highlights what policies the government have enacted or planned to. One example is the one child policy. In conclusion, the paper maintains that the population policies of China stem from economic reasons and that it is essential that they continue in order to sustain its future.
From the Paper "At the time of the Republic of China's founding, the country had a population of 541.67 million in 1949 [Countries of the World, 01-01-1991]. Today, according to the World Bank report [2002], China's population is estimated at 1,261.1 million people.
What made China the focus of the world community is the fact that the country had been struggling for decades to eradicate a multitude of social economic ills, including high illiteracy, water and sewage problems, financial market downturns, inaccessibility to funds for social development as well as no means of economic development in terms of empowerment of its people. As a result of this, the country not only faced low GDP, income and employment level but it was also facing population growth".
Abstract This paper examines the many factors involved in China's position as it is about to become a player in the global economy. The paper includes a historical overview of China and a look at the market for goods from China.
Abstract This essay will assume the position that the pre-modern societies of East Asia were isolated and stagnant. It is recognized that this argument is controversial, and dependent upon certain geographical and social assumptions. "isolation" and "stagnation" are relative concepts. It will be seen that two of the main economies of the region - that of China and Japan - possessed flourishing domestic economies and some degree of trade with other economies in the region. However, given the inescapable fact that European colonial powers in this era came to dominate Asia, first economically and then politically, a balanced view of the pre-modern economic history of the region must explain why this came to pass. Key to this explanation is a recognition that, in comparison to the nations of the West, the pre-modern economies of China and Japan were stagnant and isolated.
Tags: ARCHAEOLOGY AND ANTHROPOLOGY (ANCIENT HISTORY) / PRIMITIVE CULTURE (PALEOLITHIC), ANCIENT EMPIRES, economies east asia
Abstract This paper is about China's development into a modernized nation. The paper delves into the subject of why China's modernization was set back for so many decades and what projects it took to join the modern world. The paper includes a discussion of Special Economic Zones, the Cultural Revolution, Mao Zedong, and much more. Next, the paper looks at the consequences of China's rapid growth, especially at its effect on the oil market and the global economy. in general. The paper also discusses OPEC, CNOOC, CNCP, and SINOPEC.
From the Paper "The received wisdom is that higher oil prices are negative for economic growth, particularly for countries that are heavily dependent on oil imports. As prices rise, consumers turn cautious and profits fall, the countries' exports decline and trade deficits rise. A sustained rise in prices could lead to aggressive wage demands, possibly causing inflation. The International Monetary Fund (IMF) has suggested that a permanent $15 a barrel oil price hike would reduce the level of GDP by 0.6% in the first year. China is one of these oil dependent nations but its GDP has not necessarily seen any cooling off even in the face of record high oil prices."
Abstract This paper examines how China officially joined the World Trade Organization last year after a long series of negotiations. It looks at the entry of China into this world body and how it aroused mixed emotions among business analysts in the United States. Proponents feel that it will help Chinese economy and make its industries more competitive, while opponents are of the view that United States employment rate will be badly hurt by China's accession to WTO. The author writes that China will certainly stand to benefit from increased trend towards global sourcing and the paper studies China's entry with reference to this particular issue.
From the Paper "China today enjoys a prominent position in the world because it is one of the fastest growing markets and this makes it the center of attention for the global businesses. The country has been introducing trade reforms since a long time now and in its attempt to become a major part of the world community, it offered to join World Trade Organization, which already has 142 members. But accession has not been a smooth journey for China because it was after almost 15 years that it was finally granted entry into this trade body.
Tags: world, trade, organization, usa, united, states, business, analysts, economy, chinese, competitive, competition, employment, rate
