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The Growth of China as a Political and Economic Power - Research Paper Example

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This paper shows that social shifts, the role of government in monitoring and controlling business, government investment in a variety of sectors, and global trade patterns are influential factors that contributed to the rise of China as an economic and political power across the globe…
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The Growth of China as a Political and Economic Power
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The Growth of China as a Political and Economic Power

Download file to see previous pages... Many members of global society believe that Communist doctrines are dangerous and a threat to the stability of society, asserting that Communism ensures growing power and influence of government as a dictatorial and oppressive social regime. However, Communism is based solidly on fundamental values related to Socialism ideology, which also ensures that the top priority for society and government is to ensure the well-being and enhanced lifestyle of all citizens under a system that ensures equitable allocation of resources to all members of society regardless of their class position (Lamb & Docherty, 2006).
The aforementioned Communist dogma that drove Chinese economic, social and political ideology did ultimately serve as an oppression for adopting principles of globalization that were becoming underpinning strategies to most developed and Westernized nations. Capitalistic economies which promote free-market economic policy and private ownership of business was spreading rapidly across the world during the late 20th Century (Degen, 2008). This changed the dynamics of free trade between developed and developing nations, forcing China to adopt some of the principles of capitalistic ideology in order to remain competitive, improve national GDP, and develop strong political relationships with countries that would be contributing largely to improving the Chinese economy.
The transition from Communist values to ideologies that are aligned with capitalism was the major, fundamental shift that made China, today, become such a potent economic and political power in the world in contemporary society. ...Download file to see next pagesRead More
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