Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Emergence of China as a Global Trading Power - Essay Example

Comments (0) Cite this document
In the present times, things are rapidly going through a process of change almost in every walk of life. This rapid movement is mainly credited to the fast pace scientific and technological advances made extensively in many fields. As such, in the twenty-first century, the scenario is very challenging because the process of trade throughout the globe has also taken high strides…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.9% of users find it useful
Emergence of China as a Global Trading Power
Read TextPreview

Extract of sample "Emergence of China as a Global Trading Power"

Download file to see previous pages When the latest economical growth and development of new emerging countries is discussed, two countries' names emerge from nowhere. These are India and China. The growth in the trade sector of these two countries is surprisingly enormous. If this is partly due to development in the area of science and technology, there is much also that goes for a number of reforms, changes, and redefinition of trade policies and international trade relations. Moreover, there is much on the credit of Chinese distinctive cultural and management practices which makes this country a unique case study (Menkhoff and Gerke, pp. 87-89, 2002).
The present paper looks at the issue of the development of China in the business world of the recent times; China is "likely to demand a strong voice in the WTO" due to its major role in present day trade operations (Kennedy, p. 75, 2002). The paper, hence, undertakes extensive research to investigate the causes for the development of China in trade regimes. The paper explicitly brings forward the number of theories of trade which have anyhow any link to the present growth of China in worldwide trade.
At the end of the paper, the study analyses the data qualitatively and makes suggestions and recommendation in the light of the causes of trade growth of China. These suggestions and recommendations are meant to contribute to the existing literature of trade theories and development; as well as, they focus to contribute to a broader understanding of Chinese growth. They are also meant to focus those countries which may need to follow China for the economical growth.
Trade Theories Reviewed
A number of theorists have worked out different theories of trade to cope up with the challenges of trade. These theorists have asked such questions as can help trade to be more profitable, more expedited, more powerful, and so on. This section reviews major trade theories in order to bear a groundwork which is, according to the viewpoint of the present writer, necessary to comprehend China's growth in the recent scenario of trade.
Classical economist seem to have defended the Mercantilists' view that the export of a country should be put to as much increase as possible; on the other hand, the imports of that country should be put to as much decrease as possible. According to Grimwade (2000), it was obviously possible only for one country because "one country's export surplus is another country's import deficit" which makes import and export both a requisite function of across-border trade (p. 30). Another objection was made to Mercantilism was that dumping large reserves of gold does not make a country wealthier because gold does not provide the citizens for "goods which could satisfy their wants" (p. 30). Thus, this trend met a death due to its zero-sum philosophy of trade. Next is the comparative advantage. According to this theory (by Smith), differences in costs as the bases for business are identified. To this Grimwade ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Emergence of China as a Global Trading Power Essay”, n.d.)
Emergence of China as a Global Trading Power Essay. Retrieved from
(Emergence of China As a Global Trading Power Essay)
Emergence of China As a Global Trading Power Essay.
“Emergence of China As a Global Trading Power Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Emergence of China as a Global Trading Power

Emergence of Red Power movement in 1960s

...?Running head: EXPLAIN WHY THE RED POWER MOVEMENT EMERGED IN THE 1960S Emergence of Red Power movement in 1960s Insert Insert Insert Instructor’s Name 6 April 2011 Outline Introduction History of Red power movement Causes for the Emergence of Red Power Movement Conclusion Bibliography Emergence of Red Power movement in 1960s Introduction Red power was a force to reckon with in the 1960s. It had a huge influence in decisions made by the government including policies. The period in between 1960s and 1970s, was a period that the federal government faced immense pressure from the Native Americans in regards to addressing the issues that faced the Indians at the same time the need to reassert the rights of the Indians. By imitating other ethnic...
9 Pages(2250 words)Research Paper

China Global Trade Report

...?China Global Trade Report With the turbulent financial crisis that has entrenched much of the Western hemisphere growing emphasis on alternative markets have become a prominent concern among economists and investors. The Asian market, specifically China, has shown strong growth and growth potential in the last decade. In examining the Chinese market, there are a number of elements that must be considered in terms of the country’s global trade report. In terms of the Chinese market there are a number of overarching indicators. Currently the Chinese’ gross domestic product (GDP) is a reported $6.09 trillion making it the world’s second largest gross domestic product. In terms of growth rate, China demonstrated a 2.3% growth rate throughout...
3 Pages(750 words)Essay

China as a super power

...? China as a Super Power Introduction A super power is a or a country which is in a dominant position in the international ranking system. This means that such a state has the ability to protect its interests and as well as profoundly influence global events. This is a country that can project power on a worldwide scale. A super power is stronger that a great power. On what are the arguments that China is fast emerging as a strategic threat to the United States based? China has shown some signs that can be compared to the definition of a super power. On March 4, 2007, China announced that it was going to increase its military to a total of 45 billion dollars (Tkacik, 2007). This was the biggest annual increase in China’s military budget...
6 Pages(1500 words)Term Paper

Leishmaniasis Disease Emergence and Re-emergence Analysis

...? Leishmaniasis Disease Emergence and Re-emergence Analysis A number of new and reemerging contagious diseases have been identified in both developed and developing countries in the world. This has been attributed to a multifarious assortment of factors. Leishmaniasis is a multifaceted mammalian disorder attributable to parasitic protozoa relegated as Leishmania species (Ready, 2010). In humans, diverse varieties of the parasite are linked to different forms of diseases. World Health Organization reports that the global effects of Leishmaniasis have been miscalculated for many years (World Health Organization, 2009). In the previous decade, endemic areas have extended, occurrence increased and the substantial unrecorded cases...
3 Pages(750 words)Essay

Global Trading Systems of the 18th Century

... Global Trading Systems of the 18th Century There is little debate that the 18th century was a period of intense economic growth around the world. The increasing trade from transportation improvements, the rise of empires, and the development of mercantilism contributed to the great increases in trade between world around the globe. Historians have recognized the soaring interest in exotic products such as silk, sugar, tea, and spices, during this period and trade routes were often based on these products. The 1700s were notable in the establishment of complex world trade systems that moved wealth and goods around the globe. By the year 1700 potatoes and maize had been exported to China from the Americas and these crops would contribute...
3 Pages(750 words)Essay

Discuss the reasons for the emergence of China as a global trading power in the light of international trade theories

.... This work will look into and discuss the reasons behind the emergence of China as a global trading power in the world in the light of International Trade Theories. Rise of China- a Historical Perspective China has remained one of the strongest Communist countries in the world and after the fall of USSR, it has emerged as the center of the Political ideology in the world. However the subsequent reforms saw the start of the country’s transition to the market economies. The economic reforms into China started during 1978 and are considered as most successful as compared to the other controlled economies of Eastern Europe. A comparative study of the transition economies would suggest that China has been able to perform better than other...
12 Pages(3000 words)Essay

Insider Trading

...Take a position and defend that position on whether or not the fines levied by the SEC are a deterrent to insider trading?  The only motive behind penalizing people for unlawful behavior is to discourage their particular illegal actions. Martha Stewart, CEO of the Martha Stewart Living Omnimedia and her stockbroker Peter Bacanovic from Merrill Lynch were fined $195,000 and $75,000 respectively in 2007 by the SEC. Economically analyzing the situation in which an individual violates the insider trading laws can help in judging whether a penalty serves its purpose of discouraging violation of insider trading laws. An individual would commit such an act after weighing the expected benefits against the expected cost in case he/she get...
1 Pages(250 words)Research Paper

Trading Techniques

...Trading Techniques Contents Contents 2 Trading Techniques 3 References 5 Trading Techniques The trading techniques in financial markets are explainedas the plan for attaining maximum return through purchase or sale of stocks and securities by taking long or short positions in the market. The trading of shares and stocks are done either manually or in an automated fashion. The manual trading requires higher level of skills and trading proficiency for generating higher return from the trade. The various trading techniques that are adopted in the financial markets include the day-trading, swing trading and the trend trading techniques (ALEXANDER, 1961, p.25). The day-trading technique involves the strategy of taking a position in the market...
2 Pages(500 words)Essay

Truth and Power at the Coca Cola Company

Needless to say, while some corporations have successfully implemented these recommendations and have substantially expanded their markets and financial returns as a result, others have not. This research looks at one of the corporations which have successfully reaped the rewards of globalization: Coca-Cola. Drawing on international business theory, the study engages in a critical analysis of Coca-Cola’s external and internal environments for the purposes of shedding light on its corporate strategy and uncovering the determinants of its success. The analyses, which utilize Porter’s Five Forces, SWOT and PEST, indicates that Coca Cola’s success is a direct outcome of an internationalisation strategy which is deepl...
14 Pages(3500 words)Case Study

Global Environment Change

A number of fields are involved in the study of environmental change, such as chemistry, physics, biology, oceanography, etc. In this paper, some of the major global environmental changes will be studied and explored and implications will be provided for the sustainability of the global environment.

Responses to the global environmental challenges have become one of the heated debatable matters around the world, as a number of organizations, researchers, and nations are endeavoring to sustain the continuity of the global environment, where is harmed by different natural and manmade causes. In order to come up with an effective solution, it is very important to understand and go into the core of the global problem. In th...
7 Pages(1750 words)Coursework

Global Culture on Fast Track

Lifestyles are changing fast to invite international practices. Youths in large numbers are instrumental to change to live in a free environment. They are resisting ‘no change’ attitude and fighting for the new environment where they can express freely what think right to make a modern culture. The change is undergoing automatically and being accepted by most of the resistant quarters.

Globalization does not create a common culture, values, attitude or beliefs as mentioned above. It gives way to a single arena in which people of different cultures interact and present their values for comparisons, analysis, acceptance or rejection on certain standard yardsticks. This is the internationalist version of global...
6 Pages(1500 words)Essay

The Economic Impact of the Emergence of China and India

...Running Head: [short [institute of affiliation] a. Refine the analysis of the forces and trends you completed for theWeek Two assignment. The Automobile Industry today is becoming increasingly competitive, with the shift in global economies, the continuously rising fuel prices leading to a simultaneous rise in consumer preferences towards fuel efficient cars, the coming of age of Western economies and the emergence of Asian super powers such as India and China. These external environmental factors along with certain significant global issues such as, growing concern for environmental protection, and the trends towards greener and cleaner cities, governmental initiatives to reduce carbon emissions, and issues concerning protection...
10 Pages(2500 words)Assignment

Business Operations of Starbucks in China

“Starbucks opened its first store in Hong Kong in May 2000 and currently has 51 stores. Guangzhou opened in August 2003 and has 12 stores in Southern China, including six stores in Guangzhou and six stores in Shenzhen (BNET).” Starbucks has entered the Chinese market through joint ventures with companies like Mei-Xin and Macau. The company in order to strengthen its operations and brand image in the country has recently decided to extend the term of the joint venture agreement made with the above-mentioned companies. “As part of the transaction, Mei-Xin (International) Ltd., will also acquire a 30 percent interest in a joint venture to operate Starbucks stores in Chengdu (BNET).”

Apart from the a...
6 Pages(1500 words)Case Study

Global Warming and Food Production

The carbon fertilization effect of increased carbon dioxide concentration in the atmosphere has an impact on plant growth, which benefits plant growth by facilitating photosynthesis, cannot balance the complex impact of increased temperatures around the world. Thus, although some regions will benefit from global warming, a total reduction in global agricultural production will result. This essay presents a discussion about the impact of global warming on agriculture and food production around the world.
Although the history of the planet earth suggests that for the last million years ice ages have been interspersed with warmer periods, evidence suggests that the average rate of global warming within the recent past has accele...
14 Pages(3500 words)Assignment

The Importance of Employee Empowerment in the Global World

Empowerment is the authority to make decisions within one’s area of operation without having to get approval; from anyone else. Here the operatives are encouraged to use their initiative to do things the way they like. To this end, the employees are given not just authority but resources as well so that they not only take decisions but implement them quickly. This empowerment means giving the employees the authority to make decisions and providing them with financial resources to implement these decisions (Koch & Godden, 1997 11).
Employee participation and empowerment participation means sharing the decision making power with the lower ranks of an organization in an appropriate manner (Lashley & McGoldrick, 199...
9 Pages(2250 words)Assignment

Global Challenges for Business Management and Leadership

This section aims at understanding the challenges faced by the United Nations due to political conflicts. In the summer of 2007, an issue in the Politically Speaking, the DPA had highlighted the increased focus on the conflict meditation. This report had also highlighted the interview with the Under-Secretary-General for political affairs. In the interview, he defended the UN against all the criticism and he also highlighted the need for finding political solutions for issues around the world. The interview also highlighted the importance of results to show the effective working of the UN. This interview also highlighted and urged critics to look at the positive along with the negatives of the UN. “The UN has knowledgeable a...
7 Pages(1750 words)Research Proposal

China Faces Pressure over Currency

Making its products cheaper in the US and thus encouraging imbalanced trade. It has been universally agreed that the free-floating Yuan would be significantly worth 15 cents.
Chinese economists feel that the impact has been over-exaggerated and particularly to America from Yuan revaluation. In particular, a stronger Yuan will not reduce the US’s trade deficit as there is a very smart segment of overlap between China and America Production and hence the US will not be able to replace Chinese imports. The consumer will end up paying more for imports from china or Vietnam and this would be like imposing a tax on US consumers.
The World Bank chief also disagrees with the US’s suggestion on China's currency rise a...
9 Pages(2250 words)Assignment

Global Employee Information and Consultation: Replicating the European Model

A significant step to enhancing the employees’ right to information and consultation is the establishment of the European Works Council (EWC). The EWC Directive (94/45/EC) aims to improve cooperation in transnational companies and to allow trade unions to influence, at least indirectly, the decision-making of corporations (Lockwood and Williams). It requires community-scale undertakings and community-scale groups of undertaking to create this mechanism for regular consultation of the workforce. A ‘community-scale undertaking’ is one with at least 1,000 employees within the Member States and at least 150 employees in each of at least two Member States (Lewis and Sargeant).

An EWC is a forum that would a...
9 Pages(2250 words)Coursework

The Effects of Global Warming Emergence

... to radiate back to the space. The retention of the heat rays from the sum tends to cause an increment in the temperature of the planet and results in greenhouse effect. This is known as global warming. United Nations Framework Convention on Climate Change quoted figures that highlight the level of increment in the CO2 emissions in the past years; the boost in industrializations in the past 25 years caused an increment of emissions from 278 parts per million to an alarming high level of 379 parts per million in 2005 (8). Gore has done tremendous work with the aim of bringing about awareness regarding the crisis of global warming. He considered the production of power from fossil fuel burning as the biggest threat to global warming...
6 Pages(1500 words)Term Paper

How Is Insider Trading Handled in China

Legal insiders trading are common, as workers of publicly traded businesses frequently have stock or stock alternatives. These kinds of trades are prepared for the public, in the course of Securities and Exchange Commission filings, primarily Form 4.  prior to 2001, a law in the US, restricted insiders trading for the period of windows when their inside data was public, subsequent to wage releases. It may be noted, “Insider trading carries severe civil and criminal penalties” (Astarita 2010). SEC Rule 10b5-1 elucidated that, the exclusion of insider trading does not need evidence that an insider really used that is, material nonpublic information when carrying out a trade. Ownership of such information alo...

31 Pages(7750 words)Term Paper
sponsored ads
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.

Let us find you another Essay on topic Emergence of China as a Global Trading Power for FREE!

Contact Us