Discuss the Effects of Globalisation on Economic Growth...

Discuss the effects of globalisation on economic growth and the quality of life in the Chinese economy. Globalisation is the progression towards a growing assimilation between different countries in order to gain a single world market. It strongly encourages overseas trade, the removal or the reduction of trade barriers to increase economic growth and development. Globalisation ultimately presents to everyone a world which is increasingly liberalized and market-orientated. Associated with globalisation there is increased and intensified competition and greater interdependence among countries. In numerous ways China has taken this opportunity and used it to its full advantage which has enhanced economic growth and significantly improved†¦show more content†¦This has led to a decrease in agricultural produce and an astonishing increase in industrial goods and services and alleviated a substantial amount of China’s absolute poverty. The Chinese government has embraced a series of strategic policies to address the challenge of economic globalization. These strategies started in 1978 after Chairman Mao’s self-sufficient economy plan. China began employing several reform strategies to enhance growth. This included stimulating the agricultural sector to allow them to sell a percentage on the free trade market yet hold a competitive position. In addition to this citizens were given money incentives and tax breaks in order to start new businesses and allocated regions were created to encourage high levels of investment, increase exports and increase technology levels. Other reform strategies included Deng Xiaoping’s the rearrangement of the economic structure by increasing the development of the high technology sector and moving away from the agricultural sector; transformation of the pattern of economic growth by increasing power in IT education and sustainable development as well as additional progress of the outward-oriented economy by implementing â€Å"come in† and â€Å"go out† strategies. This is where the government encourages its enterprises to invest overseas. This has been demonstrated in Australia where Chinese investors have bought farming landShow MoreRelatedImpact Of Globalization On Government, Business And Civil Society2624 Words   |  11 Pages1.0 Executive Summary This report basically discuss about the influence on Globalisation towards government, business and civil society. Findings and discussion will focus on China and Vietnam. Hence, to further look into the transformation of both countries and how reformation and globalisation has contributed to the current environment of these countries, as well as the advantages, opportunities and threats for them. Finally the report will talk about how neoliberalism has caused imbalance betweenRead More Ethnographic study at McDonalds Essay2112 Words   |  9 Pagesfollowing the principles of globalization. For example, McDonalds is a chain of restaurants working in collaboration to deliver their customers with the best product and to achieve this McDonalds follows the concepts of globalization. This essay will discuss anc ethnographic study at McDonalds examining whether it confirms or denies the claims made about globalization. The ethnographic study took place at McDonalds’ shop, Leeds, local market in the afternoon of Monday, 17th January 2011. FromRead MoreStandardisation and Adaptation Within International Marketing Context24708 Words   |  99 Pagesmaintain its standardisation strategy. Those factors are examined include political, economic, cultural, physical condition, technology, product life cycle, competitive factor, organisational factor, the nature of the product, and the target and positioning strategy. In facilitating the comprehension of the above task, Shiseido – a Japanese based cosmetic company in China and U.K. market are utilised to exemplify and discuss the way that Shiseido Company addresses the integration of standardisation or adaptationRead MoreGlobalization Affect Human Rights2465 Words   |  10 Pageshazardous and low-paid. However, this issue is still ignored. (Ahmad et al. 2011). 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Prof. Sandhya Shrivastava, Head of the Department (MBA), India Abstract In the 21st century, with the increasing levels of globalization in hospitality industry, hotel companies will need to learn different management approaches to survive and develop in environmental circumstances with high levels of uncertainty as well as understand the implication of future impacts, both positive and negative, of the changing environment in which they operateRead MoreGlobalization and Its Impact on Malaysia13672 Words   |  55 Pagesbetween internationalism and economic globalization. David Korten It has been said that arguing against globalization is like arguing against the laws of gravity. Kofi Annan People have accused me of being in favor of globalization. This is equivalent to accusing me of being in favor of the sun rising in the morning. Clare Short This is a basic requirement the meaning of globalization is that we should admit that the economy of each country is dependent on the economy of all the others. Richard