China and Capitalism
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In this article, the writer discusses that the process of globalization reveals that there are considerable opportunities to be realized in China, whose economy has displayed a serious robustness and growth rate that compares positively with any western boom. The writer discusses that as the mores of capitalism become a yet more apparent aspect of China's presence on the world stage, the various cultural, political and philosophical ways in which it remains out of step with other aspects of the Western World are apparent, calling into question exactly how successful it has truly been at positioning itself as a capitalist nation. The writer maintains that China is today a breeding ground for nepotism and corruption. The writer concludes that there these is a government and corporate atmosphere highly susceptible to corruption and abuses of rights, leaving the question over its merits as a truly capitalist nation subject to significant scrutiny and doubt.
From the Paper:"That said, we do truly find that at this juncture in the proliferation of free trade, China has become a relatively open society with respect to consumer opportunities and options. This is at least true from an economic standpoint, where the formerly obstructive parameters of communist China have actually liberalized in consonance with much of the rest of the industrialized capitalist world. For the consumer, competitive expectations have emerged which denote both a distinct form of cultural patterning where purchasing power is concerned and an evermore flexible and motile retail industry as a whole. Thus, where capitalist enterprises both global and domestic are concerned, China is flush with opportunities for economic expansion and the fundamental breaching of a new marketplace."
Sample of Sources Used:
- AP. (2007). China to invest $3 billion in private equity firm. MSNBC. Online at http://www.msnbc.msn.com/id/18770710/
- Cha, A.E. (2008). Young Chinese Rethink U.S.-Style Capitalism. Washington Post. Online at http://www.washingtonpost.com/wp-dyn/content/article/2008/09/29/AR2008092903214.html
- Cheung, Clare. (2006). China May Draw $6 Billion in Private Equity in 2006. Bloomberg. Online at < http://www.bloomberg.com/apps/news?pid=10000080&sid=apZUAoSnRyF8&refer=asia>.
- Ewing, R.D. (2004). Private Equity in China: Risk For Reward. The China Business Review. Online at <http://www.chinabusinessreview.com/public/0407/ewing.html>.
- Gregory, N. & Tenev, S. (2001). The Financing of Private Enterprise in China. Finance and Development, 38(1).
Cite this Analytical Essay:
China and Capitalism (2011, March 29) Retrieved May 31, 2020, from https://www.academon.com/analytical-essay/china-and-capitalism-147414/
"China and Capitalism" 29 March 2011. Web. 31 May. 2020. <https://www.academon.com/analytical-essay/china-and-capitalism-147414/>