Nobody downloaded yet

Chinas economic rise - Essay Example

Comments (0) Cite this document
The rise of the economy of a country means a stable increase in the economic growth for a considerable period of time.By economic growth,we mean the increase in the gross domestic product of the country that in turn means increase in the production of overall sectors of the economy with some sectors contributing more to the growth than the others…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.7% of users find it useful
Chinas economic rise
Read TextPreview

Extract of sample "Chinas economic rise"

Download file to see previous pages The rise of the economy of a country means a stable increase in the economic growth of the country for a considerable period of time. By economic growth, we mean the increase in the gross domestic product of the country that in turn means increase in the production of overall sectors of the economy with some sectors contributing more to the growth than the others. Economic growth of a country can even occur with the increase in the key inputs of production mainly labor and capital, which helps in boosting up the productivity that result in the increase in the total production of the country. Increase in the income level of country can also boost up sector wise economic growth. A continuous increase in the real per capita income or output of a country can also be termed as economic growth as it increases the standard of living of the individuals of the country. When a country experiences significant economic growth, the international credit rating of that particular nation increases and it is generally said that there occurs an economic rise in the country. Thus in ultimate words it can be concluded that rise in the economy of a country imply a positive breakthrough in the flow of the economy. (Economic growth, 2008: Rise, 2011: Adelman, 1961, p1) The economy of China is experiencing an accelerating growth over the decade and soon from a mere underdeveloped country, it will reach the economic growth rate similar to the developed economies of the world if not more. The economy of the country since its liberalization and open up of the market economy is experiencing a growth rate of 10% per year approximately which increases with the advent of the twenty first century and expected to double itself in the next few years. According to Albert Keidel (2007) by the year 2040, the rapid economic growth of the country will soon overcome that of the United States in terms of the overall gross domestic product of the country. The rise of the economy of the country to a major economic power within a period of about twenty-eight years from a stagnant and poor economy can be termed as one of the greatest economic success of the modern time. The economic rise of the country has made it the second largest economy of the world and it could reach the highest position within a decade. According to many economists, the economic growths of the country have been mainly due to the significant increase in the productivity of the country that again resulted from the market reforms undertaken by the government of the country. The market reform of the eighties emphasizes on reduction in the role of the state control or the public sector of the economy and the increase in the ownership and the control by the private enterprises of the economy. Moreover, the country’s policy of opening up the market to international trade also significantly contributed to the gain or increase in the productivity of the country that further resulted in the growth of the economy. Thus, liberalization and privatization are the main cause behind the economic rise of the country in the recent decade. (Elwell, Labonte, Morrison, 2007: Keidel 2007) Three historical rise of the country The economy of the country had also experience modest growth before the year 1937 and according to some economist the country before the modern period thrice in the future have the experience of being the most powerful and prosperous country among the neighboring regions. The country gains prosperity during the first bureaucratic rule of Qin-Han unification. The country had the experience of the second period of prosperity at the time of reunification of Sui-tang. Before the modern period the third and the perhaps the most powerful rise of the country was at the period of reconstruction and the reinforcement of the Confucian tradition as the new orthodoxy in the country. It was the time of the Ming and the Qing dynasties. The rise of the country in these historical periods differs significantly from the rise of the cou ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Chinas economic rise Essay Example | Topics and Well Written Essays - 4000 words”, n.d.)
Retrieved from
(Chinas Economic Rise Essay Example | Topics and Well Written Essays - 4000 Words)
“Chinas Economic Rise Essay Example | Topics and Well Written Essays - 4000 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Chinas economic rise

Why is Chinas Economic Growth Slowing Down

..., which encouraged officials to boost domestic consumption combined with a reduction in exports to accomplish sustainable growth. Consequently, while the construction and industrial boom decelerated, the retail sales held up strong. Many of today’s economic issues can be traced back to the global financial crisis period between 2008 and 2009 when China attempted to accelerate economic growth through injecting capital and boosting government spending. Back then, the central government pumped tremendous amounts of money in the economy by investing in infrastructure and construction industries. However, on the downside, this created excess capacity, property prices soared sky-high with a...
4 Pages(1000 words)Essay

Chinas Economy

...(Babones, 2011). This projection indicates that China has one of the fastest growing economies in the world. The country survived the global financial crisis of 2008 and managed to expand its economy, which indicates real economic supremacy. CHINAS ECONOMY HAS BEEN TRANSFORMED BY SUCCESSIVE WAVES OF ECONOMIC REFORM (Naughton, 2007). Market transition has led to a market economy dominated by exports and multi-national firms. The country has managed to dismantle the command economy and decentralize the effects of communism in order to create a market economy and empower the rural people. This has created a fair playing ground for market participants, which has extended to...
3 Pages(750 words)Assignment

Difference between Chinas economic management style and the Western style

...Outward FDI: An Institutional Perspective.” In Sauvant, Karl, Peter. (Ed.) The Rise of Transnational Corporations from Emerging Markets: Threat or Opportunity? Cheltenham, UK: Edward Elgar Publishing Limited, Ch. 7. Child, J. and Rodrigues, S.B. (November 2005). “The Internationalization of Chinese Firms: A Case for Theoretical Extension?” Management and Organization Review, Vol. 1(3): 381-410. Chow, G.D. (2004). “Economic Reform and Growth in China.” Annals of Economics and Finance, Vol. 5: 127-152. Chung, J. C.; Lai, H. and Joo, J-H. (2009). “Assessing the Revive the Northeast (Zhenxing dongbei) Programme: Origins, Policies and Implementation.” The...
20 Pages(5000 words)Essay

Chinas Rapid Economic Growth and Transformation

...?China’s Rapid Economic Growth and Transformation Over thirty years ago China embarked on a journey to economic modernisation under the leadership ofDeng Xiaoping who came up with a new policy of reform (Naughton, 2007:23). The key factors towards China’s rapid economic growth and transformation are not unique in comparison to that of other nations, what makes this case exceptional is the pace at which the growth has occurred. The country contributed to approximately 10 percent of the world growth in the 1990s and in the decade up to 2010 in contributed to nearly 25 percent (Wu, 2006:3). In the meantime the country has...
9 Pages(2250 words)Essay

Chinas Threats

...that the country's huge population would hardly pose a threat after all (Zhang, 2003). Economic threat China's economy can be described as one exhibiting an increasingly stable market with rapidly growing trade shares in the worldwide market arena. The country also has obviously large direct investments in foreign nations. These are all proofs that China possesses a considerably rising economy (Hu, 2003). Western countries including the United States view the vast economic growth of China as a threat in their job and market. A loss of greater than 2 million dollars by manufacturing companies was observed in the United States during...
8 Pages(2000 words)Essay

Chinas Economic Condition

...of the businesses and the overall direction of the economy (Campbell & Brue, 2004:33). Also, average incomes have increased over the past thirty years, but they do not experience an equal distribution of wealth as we would expect in a pure Communist System, which is a topic of importance to many citizens (Culture Grams, 2008). China's Economic Condition China's GDP has been growing steadily since 1981. In 2007 their GDP increased by 11.4% over 2006, with imports and exports growing by 15.5% and 19.5% respectively. Fixed investments follow with a 12% increase, with private and government consumption up by about 8%. Along with GDP, inflation has also been on the rise...
2 Pages(500 words)Essay

Chinas Economic Growth

...of severe water scarcity has also come out particularly in northern China (Starr, 2001). This has threatened the country's economic growth, forcing the government to plan diversion of the Yangtze River water to northern China cities which include Tianjin and Beijing. Thirty per cent of China has experienced acid rain as a result of massive air pollution. China's GDP has been growing at a rate of between 7 to 10 per cent every year. However, over 300 million people in the rural parts of the country do no have access to clean, safe water. Moreover, about 800 million people in China have not seen any improvement hygiene and sanitation in...
11 Pages(2750 words)Essay

Chinas Economic Boom: Automobile Industry

...firms joined hands with industrial ministry or local government giving rise to power establishments. The First Auto Works (FAW) group, Second Auto Works (SAW) group, and Shanghai Automotive Industry Corporation are gradually becoming freer of the ancient command economy. “At present China’s auto sector consists of FDI involved firms, centrally programmed state-owned firms, locally programmed state-owned firms, township enterprises, and private enterprises” (Sit & Liu, n.d.). Among the two major factors i.e. institutional reforms and product globalization for the economic advancement in the automobile industry the institutional reforms play the primary role. Globalization of...
4 Pages(1000 words)Essay

Is Chinas rise an opportunity or a threat to world two tremendous characteristics: cheap labor and excessive abundance of human capital. The Chinese nation is the most populated country in the world with a total of 1.3 billion Chinese people (CountryGrams).The rise of China is both a long term economic threat while a the same time a short and medium term business opportunity for nations around the world. The threat of China is based on the immense labor savings the economy can offer to firms which represents a saving worth nearly 95 percent in comparison with its American and European counterparts. The supply of raw materials is readily available and much lower in price than in other locations. China...
10 Pages(2500 words)Essay

Chinas One-Child Policy

...Case Study – China’s One Child Policy Outline Introduction: The essay aims to presents detailed analysis of the case study focused upon ‘China One Child ‎policy’. The policy aims to restrict the population growth by putting restriction on the number of children ‎a Chinese couple could have (Merli and Raftery, 2000). ‎ What is One Child Policy? ‎: In China the policy behind birth planning is more popularly and commonly known as the “one ‎child policy”. ‎The committee claims that about approximately 36% of China’s population is subjected to the ‎one child restriction policy (Christoph, 2010).‎ Implementation and History: China was at the verge of being overcrowded due to which a number of social and economic ‎problems also occurred... ...
8 Pages(2000 words)Case Study
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 Chinas economic rise for FREE!

Contact Us