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.
Nobody downloaded yet

The major challenges for China, Why the past successful export led growth model cannot continue - Term Paper Example

Comments (0)
Summary
The Major Challenges for China Name: Institution: The Major Challenges for China The major challenges facing China, which must be addressed by a largely new leadership, range from economic performance to foreign policy, social stability and leadership cohesion (Zhang, 2008)…
Download full paper
GRAB THE BEST PAPER
The major challenges for China, Why the past successful export led growth model cannot continue
Read TextPreview

Extract of sample
The major challenges for China, Why the past successful export led growth model cannot continue

Download file to see previous pages... Over a period of three decades, China has established a market-based economy but, however, the establishment of market institutions remains unfinished (Naughton, 2007). The export-led growth was greatly assisted by channeling savings and labor into large scale physical and human labor investments. Further, the shift to markets from planning brought about efficiency in the allocation of resources while taking advantage of the industrial experience acquired during the socialist era. According to Norton (2007), the present economic period has exploited a long entrepreneurship and commercialization history both inside and outside the country, which has eased access to capital and savings. With an emphasis on economy, this paper will discuss the major challenges that China is facing and the reasons why its past successes based on growth that was fueled by exports cannot continue. It will further suggest how the Chinese economy should further be transformed. The key concern facing China’s economy is the improbability of the continuation of the conditions that facilitated the 7% economic growth in the past 30 years, save for the slowly but steadily improving human capital (Garnaut & Song, 2005). However, the improving human capital may be negated by the rapidly aging professionals that will put a strain on the government’s capacity of healthcare and pensions. ...
Although the changeover has resulted in improved standards of living, it has also led to higher economic risk and uncertainty. This is manifested by the worsening distribution of income, unemployment, unstable education, insufficient infrastructure and a badly structured health insurance framework (Zhang, 2008). The economy is in a state of imbalance because of overdependence on exports, with relatively low shares of GDP realized from domestic consumption in comparison to the status in majority of the developed countries. This has led to a never-ending overcapacity, aggravating the trade imbalance between China and its significant partners in trade, the result of which has been recurrent apprehension in mutual relationships with trading partners and, more critically, the United States (Liu, 2007). From the economic point of view, China may be said to be a victim of its own success (Garnaut & Song, 2005). None of its trading partners is enjoying the exponential growth rates that China has experienced, and their imports from China cannot remain the same, or at least in a way that can lead China to continued stability. Viewed in another way, the trading partners may maintain their level of imports, but, from the perspective of China, they would not sustain the growth rates they have seen in past years. After going through a period of humble monthly gains, the country was faced by unexpected drops in September in exports (Silk, 2013). This occurrence renewed the indications of weak points within the emerging markets that China has been trading with as significant partners. More importantly, it signals the restrictions of heavy dependence on more export growth to ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
The challenges of doing business in China and Vietnam
It is usual to find countries trading more with neighboring having larger GDP than with countries that are far off with lower GDP. Global marketing has become an essential requirement for businesses in the modern world with increasing globalization prevailing in the market.
10 Pages(2500 words)Term Paper
How have threats/challenges from the external environment affected a Missouri : based firm now or in the recent past
Monsanto’s major product line includes agriculture seeds developed through biotechnology, herbicides. Monsanto claims to have developed genetically modified seeds for various agricultural crops to give much higher yield per acre of land with lesser inputs.
5 Pages(1250 words)Term Paper
Liberian Production and Export of Rubber and Economic Growth
This resulted to a drastic drop in agricultural production and eventual closure of the agricultural oriented industries. As a result the entire economy dropped with a big margin and rubber production almost came to a standstill. Families were shattered; entire communities uprooted; social, political, economic and governance systems got destroyed.
6 Pages(1500 words)Term Paper
U.S. - China relations since 1970 to present
There are ups and downs in the relationship which influences each side to adopt non-conventional approaches to deal with the uneasy and turbulent relation. Though the exact nature of the relationship is not definitely predicted but is clearly evident that both sides do not have complete trust on the other.
9 Pages(2250 words)Term Paper
Chinas Economy and Environmental Issues
In conclusion, the paper has explored China’s economic and environmental issues. This discussion involved an exploration of the main challenges experienced in China, which resonate around economic development and environmental pollution. This was followed by a discussion on the reason for discontinued export led growth in China
3 Pages(750 words)Term Paper
Korean Economic Crisis
(CIA World Factbook) The World Bank has declared South Korea as a high-income economy. This is just from the macro-economic point of view. If a closer look at how this status has benefited its citizens, its statistics also shows that among the large and relatively healthy Asian economies, the country has the smallest gap between the rich and the poor in its population.
19 Pages(4750 words)Term Paper
Successful Aging
Aging has often been associated with long-term care services for old adults and relocation to homes where they can receive this care. It is also associated with chronic health
6 Pages(1500 words)Term Paper
Can China Rise Peacefully
This investigation will critically evaluate records of China’s previous and present behaviour and its entire growth trajectory over the past decade. Specific illustrations from the history of other Great Powers such as the United States in the 19th
16 Pages(4000 words)Term Paper
The major challenges for China; Why the past successful export-led growth model cannot continue; How the Chinese economy should be further reformed
This essay discusses the various reasons that have led to stagnation of what has been smooth economic growth. Through various researches and observations, there is
5 Pages(1250 words)Essay
China
The presence of cheap labor in the country has increased industrial productivity; hence better economic performance. In fact, the age-group that determines the economic performance of the country is usually the working group. These are people between the ages
3 Pages(750 words)Term Paper
Let us find you another Term Paper on topic The major challenges for China, Why the past successful export led growth model cannot continue 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