China's Growth Essay

Submitted By reneedmj1
Words: 764
Pages: 4
Open Document
Renee Matthews-Jackson, June 12, 2013

What Makes Asian Growth Phenomenal?

There are three major reasons why there is such an escalation of growth in Eastern Asia, of those three; economics and marketing/trade is the underlying influential that advances the other two prominent areas; population, and social-political dynamics into a perpetual forge ahead. This fifty year progression in Eastern Asia is causing a continuous growth phenomenon that entices scholars, scientists, and the just plain curious… to publish papers and pick through reasons why China, Japan, Hong Cong, Tokyo, and other nations in that region are expanding in every segment of life that counts. If indeed a nation wants a vibrant faction of healthy, intelligent, working citizens’ accommodations must be made, and the people must prosper. The consensus seems to be, in what is known as “the four tigers” area, a growth that is spellbinding to most developed countries. “Since 1960 Asia, the largest and most populous of the continents has become richer faster than any other region of the world.” Hints of capitalism appear to be a force of nature in that part of the world and, American capitalism is not keeping afoot with Asian’s mocking. An entrepreneurial spirit has also been encouraged of late and the private sector is an excellent contributor in this “miraculous” economic growth spurt. Asia has always had its market and established places to sale wares, foods, and goods by private citizens. Without a thriving economy and marketing that seduces the consumer to visit and spend, and work hard to produce and re-produce, the society would begin to regress in its social structure, and the engine that keeps finances moving would have no option but to recognize that the worker is also the consumer, the one who is moving money, and would rather not falter as primary investor. Macroeconomic stability has helped contribute to their high growth. Past research on economic development has suggested an important role for capital investment in financial expansion, and a great portion of China's current growth is accredited to capital ventures that have made the country more industrious. Even more importantly, they have avoided major macroeconomic crises that cause quick reductions in collective demand and venture is less costly than to have to recapture, once it has slipped. East Asian economies' sensible and consistent pursuit of macroeconomic stability is the best sustaining factor for believing that the economy is what has made growth in East Asia possible to its present extent. Export is one of the greatest financial steps to growth and Eastern Asian is a winning export region of the world. “On the trade side, governments across the region have invested heavily in infrastructure and logistics, and East Asian countries have the most efficient airports and seaports in the world.” Since the 1960’s the four tigers have been developing their export standings on the world stage with much success. Even after the financial crisis of 199-7-98 and the recession of 2001, Asia has come back strong due to their
Show More

Related Documents: China's Growth Essay

China’s Upcoming Economic Transformation and Its Business Opportunities Essay

BUS1801 - Global Business Perspectives 01 December 2013 International Business Paper China’s Upcoming Economic Transformation and Its Business Opportunities INTRODUCTION In the world of global business the only thing constant is Change. Changes can come in many forms, some are market driven some are policies driven. Whatever the cause may be, certain changes be profoundly impactful; business leaders need to adapt and prepare their businesses to maximize profits in the future. This paper…

Words 982 - Pages 4

Globalization On The Economic Performance Of The Former Communist Economy Of China

significantly affected its economic growth, economic development, natural environment, and status in both the world economy and the global community. The opening of the Chinese economy to globalisation has had significant effects on the country’s level of economic growth. These effects have been primarily due to foreign investment and the operation of foreign-owned companies within China’s borders, as well as changes in China’s economic strategies. The foremost growth-related effect has been the level…

Words 802 - Pages 4

China: Economic Growth and China Essay

become one of the fastest growing economies over the past forty years. The unforeseen economic growth in Southeast and East Asia, known as the “Asian Miracle” come upon the world as a surprise, and many wrote it off as being a “fluke” (http://www.nber.org/papers/w14967.pdf?new_window=1); however, looking at rise of the Chinese economy, statistics show otherwise. When economic reform began in 1978, China’s GDP was 362.4 billion yuan, and by 2008 this number rose to a staggering 30 trillion yuan (http://www…

Words 333 - Pages 2

Globalization: International Trade and China Essay

has altered its policy from the administration of foreign trade by the Central Government, to giving much greater autonomy in foreign trade to provincial governments and allowing private businesses to engage in foreign trade. This has amounted to China’s total volume of trade increasing from $20.64 Billion in 1978 to $1.155 trillion in 2004, when it increased at a rate of 36%. This has led to China becoming the third largest trading company in the world behind only the USA and Germany. Presently exports…

Words 1754 - Pages 8

Essay on Shenzhen: People ' s Republic of China and China

Shenzhen Since Shenzhen, a Southern coastal city, became China’s first SEZ in May 1980, its population has increased from 30,000 to 3.8 million (1997). The city’s economic growth has risen by an average of 20% a year- and it now has an income per capita of £420 compared to an average of £70 in rural China. The area comprises four of the six districts of the Shenzhen City in Guangdong Province- Luohu, Futin, Nanshan and Yantian, with a total area of 493km2. The government of the People’s Republic…

Words 1521 - Pages 7

Economics Essay

economy. Originally through China’s planned market system, the Chinese government had full control over a large amount of economic production, distribution and exchange decisions made within their market. Around the 1950’s under this planned system state-owned enterprises represented 77.6 percent of China’s economy. After decades of experiencing low rates of economic growth limited growth the Chinese government overhauled their planned market system in 1978 and implemented China’s current economic system…

Words 842 - Pages 4

China's One Child Policy Essay

persistent population growth can contribute significantly to the nation's poverty levels and restrain its potential for economic growth. (Gu 42) China's one-child family policy was first announced in 1979. In a 1979 speech, Deng Xiaoping drew the first outlines of a policy to limit population growth, "Use whatever means you must to control China's population. Just do it." (Mosher 50) Basically the aim of China's one-child family policy…

Words 1637 - Pages 7

China and Africa Soft Power Essay

resources to sustain its economic growth and garnering influence to advance its geopolitical worldview. Consequently, China’s mix of economic development and soft power engagement in developing regions such as Africa has spurred fears that China’s rise will diminish US’s strategic influence by undercutting their role in economic development, governance, and diplomacy in that region. US’s insecurities about China’s soft power influence is further exacerbated by China’s opaqueness regarding its intentions…

Words 5745 - Pages 23

Essay about China's Role in the World Economy

China’s Role in the World Economy Abstract This paper aims to discuss China’s role as a major player in the global economy and the impact China will continue to have on the global economy. This paper will offer a summary of two articles entitled, China Pushes for Bigger Role in Reshaping the World Economy and Singapore sees India, China Role Growing, which discusses China’s transformation into a dynamic private sector-led economy and its integration into the global economy. I will also offer…

Words 1411 - Pages 6

The Growth of China and Its Diplomatic Consequences Essay

The Growth Of China and its Diplomatic consequences An issue of paramount importance in global politics today is that of the economic development of China into both a regional and global powerhouse. China is soon to be a country which many predict will share superpower status with the US alone in years to come, or even exceed it1. However it seems that China’s economic development brings more apprehension than enthusiasm2 from many countries worldwide; according to the Economist (2012, May 5th-11th…

Words 1829 - Pages 8