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CHINA - Assignment Example

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This rise of China also indicates the importance of geographical advantage that countries like America envy (Blij 115). Thus, China is…
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Download file to see previous pages 244). It is, therefore, vital to find out how China has been able to change its economic geography to become a global economic market. The emergence of China and its transformation has challenged many geographers. They are constantly seeking to find out the forces behind Chinas transformation (Williamson 54). Other questions that intrigue economic geographers are how transition and reforms shape regions and if the diverse regions of this country are getting equal benefits from this economic transition.
Regional inequality is an important element in economic geography as it draws attention of the proponents of convergence and divergence economies (Zhang 247). On the other hand, it has been important to socialist countries like China that have gone through numerous transitions and reforms. China’s economic success is much attributed to its diversity in terms of size, identity and history. One of the pioneers in Chinas economic policies is Mao, who developed a unique regional policy for the country (Williamson 53). While emerging as an economic giant, China had to deal with the problem of regional inequality. The citizens were much worried of social stability and equity that made Chinese leaders fully to commit themselves to ensuring that they accelerate economic growth, especially in the most interior provinces (Xu and Tan 68). Thus, the Chinese government has increased infrastructure budgets for poorer provinces almost every year. Besides, the country’s growth after 1978 indicated an existing gap between income and growth rates in the coastal and inland provinces. The divergent in China’s regional income finds its root from preferential policies (Fan and 299). Though the inland provinces did not benefit much from these policies, China’s economy depends on the coastal towns. By focusing on coastal towns, this country has been able to engage in international trades thus transforming it into a market ...Download file to see next pagesRead More
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