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.

Neoliberalism in China: The Two-Faced Economy - Essay Example

Comments (0)
Summary
Name Subject Professor Date Neoliberalism in China: The Two-Faced Economy Neoliberal ideology brought significant changes to world’s strongest nations. China, which has the world’s most numbers of people, became one of the nations that eventually embraced the neoliberal rule…
Download full paper
GRAB THE BEST PAPER
Neoliberalism in China: The Two-Faced Economy
Read TextPreview

Extract of sample
Neoliberalism in China: The Two-Faced Economy

Download file to see previous pages... This will include the distance of how far neoliberalism made China travel the great wall of economic stability and how the society benefited. In addition, the impacts of neoliberalism in different aspects of the living in terms of trade, education, health and labor are also included. Neoliberalism has awakened dragon China. It is a nation that can be considered as a powerful dragon that has might for stability but with fierce claws for suppression. To better understand the context of neoliberalism, it is important to go under the varying definitions neoliberalism from different writings and publications. Harvey in the first part of the book ‘A brief history of neoliberalism,’ defined the concept as a theory of political economic practice that proposes that human well-being can best be advanced by liberating individual entrepreneurial freedoms and skills within an institutional framework characterized by strong private property rights, free markets, and free trade. Deregulation, privatization and withdrawal of the state from many areas of social provision can be the words to best describe neoliberalism in this sense (Harvey 2). To Cros (As cited by Thorsen and Lei 9), neoliberalism is the political ideology which resulted from a few efforts at reinvigorating classical liberalism in the period immediately before and during World War II. Contemporary definition of neoliberalism says Neoliberalism is a loosely demarcated set of political beliefs which most prominently and prototypically include the conviction that the only legitimate purpose of the state is to safeguard individual, especially commercial, liberty, as well as strong private property rights (Thorsen and Lei 14). These varying definitions impose power and stability intended for the common good of man through financial freedom for the stability of the nation. During the earlier part of the book Harvey vaguely discussed some of the points of having neoliberalism type of government. One of the key points is the government’s role to create and preserve an institutional framework needed for the practice of such type of government. Another point is to secure private property rights and to guarantee the proper functioning of markets the state must set up military, defense, police, and legal structures and functions. Also, if in case markets do not exist then, they must be created by action of the state. In order to facilitate order within the realms of neoliberalism, state interventions in markets must be kept to a bare minimum because according to theory the state cannot possibly possess enough information to second-guess market signals and because powerful interest groups will inevitably distort and bias state interventions for their own benefit (Harvey 2). This point of the systems seems to be its own anti-graft and corruption watch by putting the cycle of trade out of the hands of the public servant—an intention that seems to be far different from what was expected. According to theory, the neoliberal state should favor strong individual private property rights, the rule of law, and the institutions of freely functioning markets and free trade. These institutional arrangements are considered essential to guarantee individual freedoms. Under the neoliberal rule the sanctity of contracts and the individual right to freedom of action, expression, and choice must be protected. The state must therefore use its ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Consequences of Neoliberalism. Economic Consequences of Neoliberalism
Consequences of Neoliberalism. Neoliberalism refers to a market-driven approach to the policy making process for running economy and society (Campbell and Pedersen, 2001, p3). The approach basically stems from the neoclassical theories of economics focusing upon the efficient role of the private enterprises, trade liberalization and establishment of open markets.
14 Pages(3500 words)Essay
Neoliberalism
57). The exercise of human rights and its enforcement is enshrined in the national and international laws. They are then mobilized by several social actors and form highly political matters. An interesting aspect of these laws with regard to most countries is the fact that the rights of the citizens as usually selectively applied or are enforced depending on the entire range of the political urgency of maintaining power.
3 Pages(750 words)Essay
Challenges Faced by Graduates and Volatile Global Economy
As a result of the realisation that the jobs are not as plentiful as they were once, majority of the graduates from developed and emerging economies are forced to rewind their intellect for adapting to the requirements of the new job market. Accomplishing the skills required for acquiring a position essentially involves considerably large amount of challenges as compared to the time before the new changes were experienced with the market.
4 Pages(1000 words)Essay
World Economy: Neoliberalism
World Economy: Neoliberalism. News around the globe always contains the headlines regarding the world economy and the presence of a crisis. Economic downturns, turmoil and collapse have been reported throughout history. As the world changes, economy also changes.
6 Pages(1500 words)Essay
The future challenges faced by tourism developers in China
In fact for all the destinations in the various countries the global tourism markets are ahead of their own limitations. As an outcome, the factual and apparent tourism demand outer relies not simply on the mutual and monetary improvement of the tourist producing countries, on the whole world geo-political and financial conditions, but also on the geo-political and financial association between the sightseer and the diverse states.
15 Pages(3750 words)Essay
Offshoring
The world is becoming more and more interdependent and whether you think globalization is a good or bad thing, it is here to stay. Offshoring, meaning the subcontracting of employment to other countries, is an increasingly common phenomenon with global ramifications (the terms "offshoring" and "outsourcing" will be used interdependently here).
10 Pages(2500 words)Essay
Is Neoliberalism in crisis today
We aim to lighten the complexity, in order for us to feel secure in our expressions about, for instance, the suitable direction of government policy, or GDP’s potential development. We would like to think that we comprehend
22 Pages(5500 words)Essay
Writing the Self in China
My girlfriend and I were arguing the majority of the time. Thus my girlfriend was taking advice on our relationship from the blog readers. This was only because she could not cope with the relationship by
8 Pages(2000 words)Essay
Neoliberalism
Liberalism is a broad aspect; it touches aspects of politics, economics, as well as religion (Shah, 2010). The US had even embraced political liberalism in its quest to prevent social conflict. Neo refers to a new kind of liberalism. It
5 Pages(1250 words)Essay
Changes in Political Economy of Development
According to the report each country all over the world looks for a working system that will bring out the best out of its resources and also its people. Countries are looking for an advantage that will ensure that it does not only benefit on itself nut also through engaging other countries in a working framework.
7 Pages(1750 words)Essay
Let us find you another Essay on topic Neoliberalism in China: The Two-Faced Economy for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us