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The manner in which it has benefited the world economy as well as brought a new and dignified name to the technological domains is somewhat of an interesting study which has come about with the passage of time. Also an effort has been made to find out what binds together the Chinese energy and the workforce which keeps producing solid results and creates benchmarks time and again. In essence, a clear cut demarcation has been made when the talk has gone out loud regarding China being a potent force within the industrial world in this day and age, as well as doing so in the coming times undoubtedly (Li 1999). Hence these discussions will be centered upon within this paper to find out how the world can catch up with China and how China can grow even further from where it is today.
With the assistance of major industrial players like the European Union, China can make it big within the global economy. Even though it is doing well, it needs to stamp of approval from the world’s leading economic bodies. What China can bank on meanwhile is that its economic resources in the form of its own people trust in themselves and this is the reason why they are seen as tough taskmasters. They believe in hard work, commitment and devotion right from the beginning of doing any work. The world including the European Union and other significant bodies like the United States see them as dedicated professionals who would go to any length to turn the impossible tasks into possible and doable things. This is the basis why Chinese have been able to showcase significance through their actions while the rest of the world has sat back and enjoyed their laurels. The talent and skills with which these Chinese professionals are filled with is testimony enough that the processes and systems within the country are based on a solid footing. This is the reason why there are many moments of success when it comes to the
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More specifically the author has given the examples of rising economies of china and India that have took several million people out of poverty. Though the people against the globalization may give examples of different other countries where poverty not only exists but also tends to increase.
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Globalization has spread this notion of consumerism and it has become rampant even in the less developed nations where majority of the population are still struggling with the basic goods. There are negatives and positives to the theory of consumerism and this
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