Nobody downloaded yet

Should China be Promoting Big Business Groups - Essay Example

Comments (1) Cite this document
Summary
This essay talks that China has made a decision to promote large enterprises and enterprise groups as a way to show its commitment in economic reforms. It is essential to note the fact that large scale enterprises have played a vital role in china’s development…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.9% of users find it useful
Should China be Promoting Big Business Groups
Read TextPreview

Extract of sample "Should China be Promoting Big Business Groups"

Download file to see previous pages As the discussion stresses Chinas enterprise groups have performed better than any other enterprise. They are competitive and ready for the challenge of improving the nation’s economy. They have driven the economy of china to a higher level. The process of transforming these enterprises is better known as Jituanhua. By 2004, china transformed about 2692 enterprises into enterprise groups. This enterprise groups provided employment for almost 30 million people in china. Their output has grown up to 21% annually. These enterprise groups expanded more as many more companies joined in to work together.From this paper it is clear that China has adopted the East Asian style to development. This started all the way from 1980s when it was realized to be one of the fast growing economies in East Asia. They key models imitated by the Chinese economy from other already developed states in East Asia are state controls over the finance, government intervention in state firms, substituting imports in some industries and high export activities. A lot of saving and investment is also encouraged locally. Much similarity is noticed between Taiwan and china since they both have private and state enterprise sectors that play the crucial role in their development strategies. It is surprising that this was the case even though china shared most of the affected sector with other East Asian countries....
This started all the way from 1980s when it was realized to be one of the fast growing economies in East Asia. They key models imitated by the Chinese economy from other already developed states in East Asia are state controls over the finance, government intervention in state firms, substituting imports in some industries and high export activities. A lot of saving and investment is also encouraged locally. Much similarity is noticed between Taiwan and china since they both have private and state enterprise sectors that play the crucial role in their development strategies. In 1997 and 1998, there was a financial crisis that affected the East Asian countries though china was affected at a minimal degree. It is surprising that this was the case even though china shared most of the affected sector with other East Asian countries. The East Asian financial crisis According to (Yang & Tyes, 1999), the East Asian countries were doing remarkably well in the financial development around the year 1997. Financial and currency crisis affected this greatly. Many economies in this region that had expanded started to slow down. This era experienced currency depreciations. According to (Yang & Tyes, 1999) “The external crisis combined with domestic reforms and with the changes that were taking place in the macroeconomic policy to retard overall economic growth and an increase in employment.” The Chinese people had long valued the culture of saving and using the savings future which saved china’s economy from collapsing like the rest of the East Asian states. Japan experienced a drop in investment to about a tenth in the years 1997-1998. In some countries, the economy declined by a half. Production of ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Should China be Promoting Big Business Groups Essay”, n.d.)
Retrieved from https://studentshare.org/business/1398446-should-china-be-promoting-big-business-groups
(Should China Be Promoting Big Business Groups Essay)
https://studentshare.org/business/1398446-should-china-be-promoting-big-business-groups.
“Should China Be Promoting Big Business Groups Essay”, n.d. https://studentshare.org/business/1398446-should-china-be-promoting-big-business-groups.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
jb
jboyle added comment 3 months ago
Student rated this paper as
At first, I thought 12 of pages is too much for such a question. But now I see it could not be done smarter. As the author starts you see the complexity of the issue. I’ve read all at once. Perfect sample

CHECK THESE SAMPLES OF Should China be Promoting Big Business Groups

Big business

...to challenge them with new laws. Economic power should never be so consolidated that it eclipses the needs of the Republic. Roosevelt considered himself a progressive, and he felt that many of these new big companies, the trusts, were having a negative effect on ordinary American lives. He felt they needed new regulations and rules in order to do business more fairly. When he looked at the American economic scene, he saw workers being exploited, shoddy products being created, a lack of competition, and a sense of impunity. Not only were these things unjust in their own way, he believed they would also be economically detrimental in the longer term. He decided to challenge the Robber...
3 Pages(750 words)Term Paper

Rise of big business

..., some family businesses specialized in banking services while others in the mining industry. This specialization ensured efficiency in production of goods and services, consequently, the leading businesses commanded a larger market share, which enhanced monopoly in the industry. However, this created economic powers among few families. During this period, the American political organization lacked vitality and productivity, as it was marred with corruption and moral decadency. Moreover, politicians, who would appoint their friends and supporters to government jobs, owned large businesses. This assured the politicians of a loyal group of supporters in future elections....
3 Pages(750 words)Essay

Business Intelligence (Big Data)

...are and what products you should take the chance to offer them. In their research article, (Arthur) discusses an example in which Portland Oregon Savory Spice Shop owners Jim Brown and Anne have decided to put into practice social media based marketing and advertising with the intention of getting “the best of big data's” support and capabilities for launching their new boutique store. In this scenario, by making use of their Facebook ads they have been capable of routing to catch the attention of those potential customers and groups of purchasers who almost certainly wish to purchase their high-end specialty products. It is an admitted fact that in the past few years the majority of...
6 Pages(1500 words)Assignment

Should China be promoting big business groups Pick several groups to show why or why not, using contrasts, in the context of th

...? Should China be promoting big business groups? Introduction A large number of researchers have studied the role played by the and the large business enterprises in creating the East Asian miracle. However, not many studies have been conducted particularly on China and the role played by the large enterprises of the country in leading to the China Miracle (Keister, 1998?  Nolan, 2001?  Smyth et al., 2004?  Yiu et al 2005). By this time it has been widely agreed that the large enterprises in the country, some of which are state-owned have played a significant role in the economic miracle...
11 Pages(2750 words)Essay

Analysis of Business Groups in China

...? An Analysis of Business Groups in China: Should China Be Adopting Them? BY YOU YOUR SCHOOL INFO HERE HERE Business groups are monumentally important to the Chinese economy. Research indicates that approximately 60 percent of total national economic output are supported by business groups. Research has uncovered that business groups are so successful in China due to the fact that they provide influence in changing the infrastructure for capital procurement, such as building incentive for lenders to assist business growth, and also giving the country the ability to effectively compete against traditionally-structured conglomerates internationally. Utilising two specific examples of successful business groups in China, this report... ...
10 Pages(2500 words)Essay

Groups and organizations promoting racial equality

...Native Americans The history of Native Americans in the United s faces interpretations from various perspectives, particularly the White American perspective. However as civil right movements gained popularity during the 1960s, minority racial groups started raising their voice for greater rights (Flavin, 1). The Native Indians, being the native inhabitants of America, have had a long relationship with the government since colonial rule. Belonging to several tribal groups, the Native Americans were categorized under several castes. For a long time, they were confined to reservations that were often far and located in areas that were not suitable to be dwelled by Europeans. However, efforts made by...
3 Pages(750 words)Essay

GOOGLE IN CHINA: - THE BIG DISCONNECT

...GOOGLE IN CHINA: - THE BIG DISCONNECT Executive Summary Google is the leader in the market of search engine. The company made its entry in the Chinese market in the year 2000. The company found the business environment in China to be very restricted. The Chinese government imposed strict regulations on any kind of political discussions. Also, the search related to spiritual movements was not allowed in the country. The people were not allowed to express themselves freely. The government took stringent action against journalists, editors and media houses flouting the censorship law. There were instances of imprisonment of the people who violated the government set rules...
20 Pages(5000 words)Essay

Why fear big business

...Why Fear Big Businesses Task Although railroads were very famous in the United s of America during the Gilded Age, the construction of and the greatest development occurred in Europe. In a matter of fact, George Stephenson who was a British engineer is best known as the "Father of Railways”. It is a significant reason as to why the cartoonist used a European Knight in the drawing. Another reason a European Knight is used in the in the illustration is the fact that industrialization only spread to the US after Europe had experienced it “firsthand” is it was where it began. Lastly, the big and powerful Knight against the weak worker is an impressive depiction of capitalism. Capitalism is...
2 Pages(500 words)Essay

Big business

...of understanding how politics play a role in influencing the growth of business organization. There are gaps in this paper, and one is that it does not provide the methods to use in promoting good governance and political stability. Therefore, I intend to use books, specifically, books on democracy and governance for purposes of addressing the shortcomings of this article. This is the second article I would review, because it is directly related to the first article. Wandschneider, K. (2014). Capital Controls and Recovery from the Financial Crisis of the 1930s. C.E.P.R. Discussion Papers, 10019. This paper relates to the topic Big Business because it outlines and...
3 Pages(750 words)Outline

Big business

...Big Business Big Business The Economic Costs of Civil Wars Overview It is a concern how various conflicts in the Middle East have impaired the economy of the countries affected. These conflicts affect not only the country in question, but also the neighboring countries as well (Costalli, Moretti, & Pischedda, 2014). These regional wars are indeed very detrimental to the society. Such conflicts in fact cause more harm than good. They have been in fact known to cripple the set financial structures in such countries. Additionally, they cause the inflation rates to rise and cause a huge deficit in current accounts. After the war, it is important to establish a post-conflict recovery period where a country affected by civil war can get... ...
6 Pages(1500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Should China be Promoting Big Business Groups for FREE!

Contact Us