Country Case Report 2---china

Country Case Report 2 : mainland China and GlobalizationChina s speedy ascent as one of the human beings s fastest-growing economies (Adornino Wilcox , 96 ) has triggered gigantic attention among scholars interested non only in the semipolitical , economic and affable underpinnings of its continued growth but to a fault in the implications of its increased integration with the global economy . thus , an examination of the unique characteristic of China s development and transit from a plotted , centralized economy based on the socialist ideology to the liberal , open-market economy it is today strengthens the arguments in support of globalization . On the other hand , the encounter of its easiness and democratization on China s poor in any case presents a critical view on the bargain-offs of global integrationThe confront for China s entry into the global economy was clearly amaze by the transition from a closed , relatively independent economy which was crystallized in the post-Mao era under Deng Xiaoping s leaders in the Chinese Communist Party . In the lately 1970s , the Party began instituting domestic economic and social reforms mirroring its abandonment of the socialist economy and ideology in favor of neoliberal economics (Adormino Wilcox 96 ) Among the major reforms undertaken was the development and democratization of trade and markets , effectively allowing uncontrolled private ownership to the means of mathematical product heretofore owned publicly , and the shift from a planned economy to a market-oriented free trading system (Guan , 2001 :118 ) overly , the Chinese authorities reduced state control and hindrance in economic activities as it began to adopt an Open opening policy to attract foreign direct investment and alleviate the growth of China s international trade . Thus , China became part of the global economy after economic liberalization and democratizationOn the other hand , the country s integration into the neoliberal world economic has withal been the subject of much criticism .

Guan (2000 notes that the carrying into action of market reforms and China s consequent integration drastically changed not only the country s economic system but also important aspects of its social policy (119 ) As a guide of the shift to a free market economy , the evoke s role in the provision of welfare and security for its citizens importantly diminished . For instance , food and price subsidies have been stop and the poor are faced with the risks of unemployment . Likewise , Guan (2001 ) asserts that widening social inequality has also characterized modern China despite free burning economic growth and efforts at reforming social policy to bring home the bacon safety nets for labor , agriculture , and other poor sectors (243Undoubtedly , intimacy of both the negative and positive aspects of liberalization informs the Chinese government s attitude toward global economic integration . This is evident in the manner by which the state has controlled the pace of China s integration with the international economy in to preserve social constancy (Adornino Wilcox , 97 Yong Moore , 117 ) However , Yong and Moore (2004 ) attribute the State s waryness of completely and of the inbred weaknesses and vulnerabilities of a globalized system that could jeopardize China s strategic prospect as...If you want to get a full essay, order it on our website: Ordercustompaper.com

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