GLOBALISATION AND CHINA

Globalisation and Industrialisation in China



Abstract

There are two major driving force of China's rise, one from China's own internal dynamics, that is, top-down government-led reform, the other is from the opening up of China into the global economy after the power from the outside, that global China's reform and bottom-up effects from the outside and inside. The one hand, globalisation has accelerated China's economic development, not globalisation, China cannot finish with 30 years in other countries 200 years finishing with a modern road, the other hand, the deepening globalisation of China's institutional reforms. In 2010 China passed Japan as the world second largest economy based on GDP figure. It now only has the United States above it, but it can only be a matter of years (10 to 15) before it reaches the top spot. A combination of cheap labour and a can do attitude has transformed China from a mainly agricultural society to one that has become the world's factory. Everything from cars to toys to highly delicate electronic goods such as iPhone or Motorola Xoom tablet is made in China.

Table of Content

Abstractii

Introduction1

Discussion1

Brief Overview1

Globalisation3

Positive Aspects of Globalisation4

Negative Aspects of Globalisation4

Industrial Development in China and Globalisation5

Conclusion8

References9

Globalisation and Industrialisation in China

Introduction

China has become the world's factory. This assertion sounds like an overstatement, and it ignores such advanced industries as aircrafts, cars, electronics, industrial machinery and military hardware where other nations still dominate, as well as down playing the role of other emerging manufacturing nations. However, when it comes to a wide range of mass-produced manufactured consumer goods and an increasing diversity of value- added products, china is king.

Considering the secret to the successful growth of the factory, there are several factors to consider. In addition, the factory has access to supplies of competitively priced, highly quality recovered. Another scale of their operation is that there high cost of setting up operations on a similar scale discourages new entrances. China's "world factory" development has been formed by promoting the international competitive edge of Chinese industry.

Discussion

Brief Overview

At present, China has become the World's second investment centre after the U.S., the U.S. top 10 Fortune 500 companies have invested in China, and their business in China, an ever larger share than their home to become a major source of profit. Large influx of foreign capital China since reform and opening up since 1978, average economic growth rate of 9.5%, and is three times the growth rate of the U.S. economy, which China has become the world's factory and manufacturing country, is expected to surpass the United States. With the rapid development of the manufacturing sector, China has become the world's largest exporter and the world's largest foreign exchange reserves, foreign exchange reserves have exceeded $ 3 trillion. At present, China has overtaken Japan as the world's second largest economy.

In recent years, the international political and economic structure in the "China factor" continues to rise; the world is staring at China. The world's most populous country is emerging as a world workshop and export ...