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How computer technology can help the economy in China to improve lives and standards of living - Essay Example

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The problem is the country was in absolute economic dismay at the time and China faces the biggest overpopulation problem in the world. The population of China is 1.33 billion inhabitants…
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How computer technology can help the economy in China to improve lives and standards of living
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The Chinese economy has been growing at nearly a 10% rate for the last 30 years. The problem is the country was in absolute economic dismay at the time and China faces the biggest overpopulation problem in the world. The population of China is 1.33 billion inhabitants (CultureGrams). The traditional model used for job creation was the industrial manufacturing strategy. China’s total value export was $1218 billion in 2007, which represents a 26% increase since 2006 (Starmass, 2009). Despite some of these positive factors the Chinese people are still struggling to survive and their standard of living is extremely low. The jobs that are being created in the China’s economy are low paying. The average monthly income of a Chinese manufacturing worker is $134 a month (Worldsalaries). The use of computers and information technology could help China and its people increase its standard of living. Technology allows for the creation of better paying jobs in the information technology field. This strategy is not limited to people that have a formal education in computer and information technology. The internet is a channel that human resource departments can use to hire employees in alternate work arrangements such as telecommuting. Telecommuting can be defined as the act of working from home rather than traveling back and forth to a workplace (Mass). Due to the terrain limitation of China which is about the same size as the United States, but with a population 22 times larger there is simply no more room to create jobs using traditional business models that require physical space. The Chinese economy has to emphasize growth by expanding into the virtual economy. A country with a similar overpopulation problem that has taken advantage of information technology to achieve economic growth is India.
References
CultureGrams. 2009. People’s Republic of China. 8 December. Mass.gov. 2009. “Telecommuting” 8 December 2009. < http://www.mass.gov/?pageID=eoeeaterminal&L=3&L0=Home&L1=Energy%2c+Utilities+%26+Clean+Technologies&L2=Alternative+Fuels&sid=Eoeea&b=terminalcontent&f=doer_alternative_fuels_telecommuting&csid=Eoeea> Starmass.com. 2009. “China import and export trends.” 8 December 2009. < http://www.starmass.com/china_review/imports_exports/import_export_trends.htm> Worldsalaries.org. 2008. “China Average Salary and Expenditure.” 8 December 2009. < http://www.worldsalaries.org/china.shtml>Read More
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