The Chinese Auto Boom & Domestic Economic Policy
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This paper traces the rise of the Chinese auto boom since the end of the Great Depression in the 1930s when the US began to reduce trade barriers, coordinate the world economic system and promote world peace. The author argues that for the US to remain competitive, the US must create a progressive policy.
From the Paper:"The gap in competition first began to narrow noticeably in the 70's due to oil price shocks and decreasing foreign exchange values (Foreign Trade, 2008). They grew larger in the '80's and '90's due to the American consumer's appetite for foreign goods and the fact that we were a consumer culture that consumed more and saved less than people in other economic regions such as Europe or Japan.
"The competition continued to narrow when the economic crises of the US began in the new millennium, and the growth of an economy such as China enabled consumers in that country to spend more. Manufacturers began to globalize their markets, and continue the challenge to the traditional economic stanchion of the US such that is the automotive industry, so that Americana consumer's preference toward cheaper foreign goods became a trend as the America economy worsened."
Sample of Sources Used:
- Brown, Chad. (2008) No More Second-Best Trade Solutions. Washingtonpost.com. Retreived October 19, 2008: http://www.brookings.edu/opinions/2007/0413trade_bown.aspx
- China's auto industry takes off: Big Three poised to cash in on world's hottest car market. (2007) Retreived October 19, 2008: http://www.msnbc.msn.com/id/16488495
- Chinese Auto Market Competition Fierce. (2007)
- Retreived October 19, 2008: http://www.chinadaily.com.cn/bizchina/2007-04/20/content_856217.htm
- Foreign Trade and Global Economic Policies. (2008) Retrieved October 19, 2008: http://usinfo.state.gov/products/pubs/oecon/chap10.htm
Cite this Cause and Effect Essay:
The Chinese Auto Boom & Domestic Economic Policy (2010, May 03) Retrieved April 17, 2021, from https://www.academon.com/cause-and-effect-essay/the-chinese-auto-boom-domestic-economic-policy-119489/
"The Chinese Auto Boom & Domestic Economic Policy" 03 May 2010. Web. 17 April. 2021. <https://www.academon.com/cause-and-effect-essay/the-chinese-auto-boom-domestic-economic-policy-119489/>