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Globalisation and the Transition Economies: Russia and China - Essay Example

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This dissertation argues that globalization in the contemporary world climate favors China’s model of capitalism over the Russian economic system. It also investigates why globalization favors the Chinese model of capitalism, dwells upon the principal concepts of globalization and privatization…
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Globalisation and the Transition Economies: Russia and China
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Download file to see previous pages This dissertation will argue that globalization in the contemporary world climate favors China’s model of capitalism over the Russian economic system. The dissertation will focus on the influence of globalization as evidenced in Chinese and Russian modes of economic transition, including privatisation, and evaluate why the Chinese economy has expanded while the Russian economy has faltered.
In investigating why globalization favors the Chinese model of capitalism, this dissertation will investigate the following questions: What caused the development for the idea of globalisation; what is globalisation; what is privatisation; what is the difference between privatisation in Eastern Europe, China and Russia; what is the difference of privatisation in China and Russia and what caused such difference?
Many arguments that contend globalization is a myth are heavily contingent on a notion of the globalization concept as entirely economistic. These individuals go on to contend that there are many instances where the global market falls short of economic integration, and that the world was even more economically integrated in the late 19th century (hirst, 1997).
Privatization in the Western world is understood as the ownership of public equities from private interest holders through public offerings. This is contrasted with state ownership that is a hallmark of socialist economic systems. While basic objectives are the same, the ultimate goal of socialist regimes is to raise revenue for the government. ...Download file to see next pagesRead More
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