Urbanization in China - Essay Example

Download file to see previous pages... Urbanization of the middle class has significant effects on the economic development of the country. China, for instance, is one of the most populous countries in the world with many people living in urban areas. Most of the people in those urban areas are the learned, trading in various businesses. Taking advantage of the country’s first growing economy and modernization, the country has recorded a significant growth. There is a tentative exchange of ideas, which is an essential tool for development. Nevertheless, China has made use of urbanization to achieve modernization. On the other hand, modernization helps in developing urban centers (Commission on Growth and Development, 2008). Since the rise of modernization since the industrial revolution, there has been a shift of people to urban areas to work in the industries and open up new businesses. However not all the people go, but only the learned, skilled and experienced. This is mainly the middle-class group, leaving behind the old, young and the disabled (Barton et al., 2013). Although the country gained from this drift, it has continuously faced many challenges. Irrespective of the challenges, urbanization has done better than harm.
Increased number of people in the urban cities creates markets for readily available products and services. Essentially, middle-class people are the average people whose consumption levels are significantly higher than the aged and the young. These people are active members of the consuming classes, with sufficient income to purchase the basic needs and spare some for other luxuries. This implies that this increase in consumer classes drives a drastic growth in demand for several goods and services to meet their rising demands. To balance this demand, businesses have to sprout up to supply the required products and services to satisfy the customers. ...Download file to see next pagesRead More