...attract Foreign Direct Investments (FDIs) to boost their economy growth. China has also adopted several trade policies to liberalize their economy to encourage global trade. This will not only benefit the country, but the rest of the world consequently. This essay will attempt to analyze the performance trend of China’s economy with the consideration of the Production output performance analysis, Labour market analysis and Price level analysis. GDP growth rate Fig 1a) China’s annual GDP growth rate from 2004 – 2014 (Tradingeconomics.com, 2014). As shown in Fig 1a), China is seen to have a positive economic growth from 2004-2014 and a spike in it’s growth rate in 2007 before the global financial crisis in 2008. China then took a steep fall in 2008-2009 to 6.3% GDP per annual. The reason behind the plummet is due to capital flight of American Multinational Co-operations from the Chinese Economy due to the lost in investor confidence and the instability of their home country The cause of China stock market crashing was due to the sudden pull out of western partners (Bank of America, UBS, RBS, etc) , by selling their minority stocks to retrieve capital. This dealt a massive blow to China’s fledgeling sovereign...
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...China” by Fareed Zakaria in the Time Magazine January,2014. In the article the Fareed begins by addressing 2014 is the year of the horse in China and list down the country’ problem before it becomes the world’s largest economy . A big part of Fareed’s focus in this article is about China’s challenges likes debt, pollution and corruption. In this article showed how China’s financial crisis and the global economy slowdown based on it’s economic imbalances . The basic economy’s problem is that for almost a decade, China's economic growth has been fueled by cheap credit and government spending--a classic developing-nation problem .The country’s total debt level was estimated at 215% of GDP in 2013.Besides financial problem, China also have serious challenges in environment. Air and water pollution has become a major public health issue in the country.The last challenges in 2014 is the corruption’s problem ,it seriously increasing among the Communist Party. According to this article, China’s president has launched an anticorruption campaign for this unethical problem . In closing, Fareed Zakaria says that ,he not ready to bet against China if China’s leader did not manage this transition well.If China’s leaders manage this transition well.the country will emerge stronger and more stable and become the largest economy in the world. INTRODUCTION International business is much more complicated than domestic business because countries differ in many ways. (Charles W.L.Hill, 2013) ...
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...growth. While both Alon Tal the author of “Overpopulation Is Still the Problem” and Robert Walker the writer of “Overpopulation Is Not the Problem? Really?” state that population growth is a problem, the author of “The overpopulation myth” Fred Pearce and the author of “Overpopulation Isn’t The Problem: It’s Too Few Babies” Joel Kotkin disagree. This paper will examine the work of these four writers to analyze their perspective whether population growth has negative or positive consequences. Lack of food, reduction in living organisms, ecological and environmental problems as claimed by Tal are the outcomes of population surplus. He asserts that deterioration of China’s natural capital was part cause of China’s food crisis during 1958 and 1961 that resulted in more than twenty million people staving; as many died due to lack of food. China’s food crisis should teach the world a lesson states Tal that the outcome of taking no notice to the lack of natural resources and growing population is severe. He agrees that China’s one-child policy was not popular with the china’s people, however, it prevented many deaths caused by starvation. Tal goes on to explains that in the developing regions of the world one in eight people suffer from continues undernourishment. He believes that if the current population growth continues in the world’s urban area it will double by 2050. Tal declares if that happened that will mean the cities size will increase, land used to grow crop will...
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...Romana 2014 For an economy other than Australia analyze the influence of globalisation on that economic development and standard of living. This document is about how china has been transformed by globalization. The impact of globalization as well. Globalisation is breakdown of manmade and natural barriers. It encourages integration and interdependence through the movement of labour, investment, finance, transnational corporation and trade. The emergence of countries is leading to global market place or single world market. Globalisation is ongoing since 1980s.This is resulting in one global market. Globalisation helps firms grow as investments are quickly managed. This is due to improvement in telecommunication between nations. This has allowed investors to invest overseas. It also caused an increase in international investment, which helped spread new ideas. Financial flow is a flow of money around the world it is increasing rapidly because of financial deregulation. Finance and technology move freely between nations while free movement of labour is stretched way off. The last few decades have been centred on removal of all trade barriers. The goal is not free trade but it is freer trade. Through the reduction in barriers it is improved in transportation system. The integration between nations has caused to problems such the GFC, Asian crisis and Euro crisis. Over the past labour markets have been increasingly integrated. The free movement of labour is important...
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...Rick BA605958 XU RU YIN, Reon BA603026 CHEN JUN KAI, Kaiser Event Review 28 Mar 2010, Wang Jialing, the state owned mine in Shanxi province, there were totally 261 miners underground before the accident. In order to catch the production schedule, dare to be the first, all miners worked hard at that moment. Even when someone reported that there was potential safety hazard in the mine, water penetration, the supervisor took little attention on it, still continued the project. When the accident happened, 108 miners had been lifting the shaft, and 153 workers were trapped in a coal mine, after about 150,000 cubic meter of water flooded into the mine. At that time, there has been no sign of life, even though thousand of rescuers have been working against time to search for them. The rescue operation lasted for two weeks. Finally, the coal flooding disaster killed 38 miners, and 115 trapped miners were rescued from death. Relevant Facts China coal mining industry Coal has been the dominant energy source for China for hundreds of years. The industry of coal mining is highly related to China’s energy safety as well as GDP. This industry has been one of the most important mainstay industries to China. However, the coal mine industry is considered lacking of efficiency in production, labor intensive and has poor machinery. What has been the most debatable and criticized is the low salary for workers and unsatisfied safety condition in working environment. Even when the coal price...
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...H 9B12C047 FOOD FOR THOUGHT: THE 2008 CHINA MILK SCANDAL1 Vivien K.G. Lim, Rashimah Rajah and Smrithi Prasad wrote this case solely to provide material for class discussion. The authors do not intend to illustrate either effective or ineffective handling of a managerial situation. The authors may have disguised certain names and other identifying information to protect confidentiality. Richard Ivey School of Business Foundation prohibits any form of reproduction, storage or transmission without its written permission. Reproduction of this material is not covered under authorization by any reproduction rights organization. To order copies or request permission to reproduce materials, contact Ivey Publishing, Richard Ivey School of Business Foundation, The University of Western Ontario, London, Ontario, Canada, N6A 3K7; phone (519) 661-3208; fax (519) 661-3882; e-mail cases@ivey.uwo.ca. Copyright © 2012, National University of Singapore and Richard Ivey School of Business Foundation Version: 2012-11-14 In 2007, Sanlu, a Chinese milk manufacturing company based in Shijiazhuang, was recognized as a formidable force by its competitors as it had topped the list of local dairy producers for more than a decade. It was also the second biggest dairy producer in the world. Sanlu was the number one bestselling milk brand in China, responsible for 18.3 per cent of total national dairy sales in 2007.2 A year later, however, a scandal unfolded that brought not only Sanlu...
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...Abstract: The Diaoyu/Senkaku Islands have brought China and Japan into a bitter dispute for many decades. With regard to the real question of who owns sovereignty over the islands, the two claimants can not come to terms on several critical issues, such as whether the islands were terra nullius when Japan claimed sovereignty in 1895, whether Japan returned the islands to China after the Japanese defeat in WWII, and how their maritime boundary in the East China Sea should be demarcated according to international law. There is no ready solution to the longstanding stalemate, but the pending dispute could be shelved and managed from escalating into a military conflict. INTRODUCTION The Diaoyu Islands in Chinese or Senkaku in Japanese are a tiny group of islands, 6.3 km² in total, in the East China Sea. The islands consist of eight tiny insular formations, of which only two are over 1 km² (the Diaoyu/Uotsuri Island is the biggest one with 4.3 km²), five are completely barren, and none are currently inhabited or have had any kind of reported human economic activity. Notwithstanding these unfriendly natural features, the islands have brought China and Japan into a bitter dispute since 1960’s because of their strategic importance in terms of security and economy, as well as their significant political implications. The Diaoyu/Senkaku Islands are located approximately midway between the island of Taiwan and the Japanese Ryukyu Islands, around 120 nautical...
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...Analyze the main causes of cancer in the developing world. Introduction: Cancer has becoming a main reason of death throughout the world, especially for developing countries with poor conditions which do not have a complete health system. Furthermore, it also causes the highest economic loss among all diseases. It has been reported by the American Cancer Society and LiveStrong (2010) that approximately 7.6 million mortality of cancer was reckoned and an economic loss of $895 billion was taken by it universally in 2008. In addition, it is projected that the aggregate amount of cases of cancer in developing countries will rise by 73% within 2000 and 2020. (International Journal for Equity in Health, 2005) These shows cancer is a disease bringing out a huge burden to the society. This is unaffordable if this situation remains. Below are causes of cancer in economic, environmental, social and personal aspect respectively. Economic: There are mainly two economic factors leading to cancer. The first reason is the poverty problem of countries. It is reported by Marmot, M. (2005) that poverty is harmful to health since it mainly leads to the problems of having unclean water and unhealthy diet of these places. Especially for developing nations, an enormous number of children died annually due to the lack of clean water and sufficient hygiene. (INCTR, 2013) In addition, it has been reported by INCTR (2013) that governments are not willing to invest and provide funds in the health...
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...reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior permission of Oxford University Press. Library of Congress Cataloging-in-Publication Data Shirk, Susan L. China: fragile superpower / by Susan L. Shirk. p. cm. Includes bibliographical references and index. ISBN 978-0-19-530609-5 1. Nationalism—China. 2. China—Politics and government—2002– I. Title. JC311.S525 2007 320.951—dc22 2006027998 135798642 Printed in the United States of America on acid-free paper For Sam, Lucy, and David Popkin This page intentionally left blank Contents Acknowledgments ix 1 1 2 3 4 5 6 7 8 9 Strong Abroad but Fragile at Home China’s Economic Miracle Domestic Threats 35 13 The Echo Chamber of Nationalism: Media and the Internet 79 The Responsible Power 105 Japan: “When the Chinese People Get Angry, the Result Is Always Big Trouble” 140 Taiwan: “A Question of Regime Survival” 181 The United States:...
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...THE INTERNATIONAL MONETARY FUND AND EXCHANGE RATE CRISIS MANAGEMENT∗ CHONG-YAH LIM Albert Winsemius Chair Professor of Economics Director, Economic Growth Centre (EGC) School of Humanities and Social Sciences (HSS) Nanyang Technological University (NTU) S3-01B-38, Nanyang Avenue, Singapore 639798 acylim@ntu.edu.sg The article analyzes the limits of the IMF as a global multilateral economic agency to handle serious balance of payments disequilibria. Capital control and growth rates in developing Asia and the twin deficit problem of the United States are also discussed. It also assesses the probability of the reemergence of an exchange rate crisis in Southeast Asia and the wisdom of having an Asian IMF. “Lenin was right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.” — John Maynard Keynes The Economic Consequences of Peace Keywords: Exchange rate crisis; capital control; growth rates in China and ASEAN; East Asian financial crisis; US twin deficits; IMF; AMF. 1. Post-Crisis Per Capita Income A not well-known fact is that all the six economies in Southeast Asia adversely affected by the 1997/1998 financial crisis have not, until today (November 2005), some eight years later, recovered from the pre-crisis per capita income level in US dollar terms (see Table 1). Thailand’s per capita income in 1996 was US$3,084. After the impressive post-crisis recovery eight years later in 2004, it decreased by 18.3% to US$2,519...
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...www.elsevier.com/locate/worlddev World Development Vol. 33, No. 5, pp. 729–743, 2005 Ó 2005 Elsevier Ltd. All rights reserved Printed in Great Britain 0305-750X/$ - see front matter doi:10.1016/j.worlddev.2004.12.001 Economic Liberalization, the Changing Role of the State and ‘‘Wagner’s Law’’: China’s Development Experience since 1978 DAMIAN TOBIN * CeFiMS, SOAS, University of London, UK Summary. — The paper applies Wagner’s Law of increasing state activity to illustrate the changing function of the state in China as a consequence of economic liberalization. Wagner’s Law describes the association between increasing national wealth in progressive states and the rise in state activity and expenditure. This indicates that the causes of bureaucratic expansion are to be sought, not just in terms of political pressures, but the interplay between political considerations and the economic necessities, resulting from the emergence of new property rights. A simple illustrative model is developed to measure the effects of increasing national wealth and the growth of the public sector. This suggests that the patterns of economic development observed by Wagner in 19th century Europe are not unlike those observed in China today. Ó 2005 Elsevier Ltd. All rights reserved. Key words — Asia, China, economic growth, public sector 1. INTRODUCTION The relationship between economic growth and the size of the state sector has long been a topic of interest for public policy practitioners...
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...Introduction: China's hotel industry has only really existed since 1978. So far, it has been drawing on the successful experience of the Western, or simply copies part of the management mode from western hotels. Undoubtedly, both the hotel management theories and modes in western countries are advanced and perfect compared with those of China. However, just as Rome is not built in one day, the successful and mature mode is developed and accumulated throughout a long time in Western society. If the successful experience is engrafted directly to China’s hotel industry, confusions and discrepancies will occur essentially due to the cultural differences between China and the West. As the pace of International economic integration goes increasingly faster, China’s hotel industry is facing the challenge of creating its unique management characteristics and choosing proper management modes based on absorbing advanced experiences from the west. In this paper, the cultural effects on the differences of hotel management styles in China and Western countries are discussed specifically from humanity cognition, way of thinking, sense of hierarchy and innovation consciousness points of view, etc. By such comparison and analysis, gaps of management standards can be easily seen between China and West. Then, some theoretical references are proposed as suggestions for the right direction of China’s hotel management methods so as to meet the international standards. 1. Introduction...
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...AMERICAN INVOLVEMENT RELATED TO COMMON PROBLEMS OF CHINA, JAPAN AND NORTH KOREA This paper identifies some common issues that East Asian countries are struggling to deal with and how they are unique in some aspects and similar in others to problems that Western nations face. This paper focuses on the countries of China, Japan and North Korea and look primarily at the issues that arise from these nations’ struggle to shape their national identity on the world stage as well as how these nations are dealing with the ever increasing force of globalization. This paper also looks at the role that the United States plays in shaping or dealing with these issues, as well as how an American citizen might play a role in perpetuating or resolving these dilemmas. Through this work it should be made more clear what problems East Asian nations share and reveal that they must deal with them in a way that is both uniquely domestic but also influenced by factors that arise from the United States and other International actors. Common Problems in China, Japan and North Korea and American Involvement There are two major dilemmas that are addressed in this paper that are shared by these three nations. The first can be identified as an issue of International Sovereignty where these countries all have a vested interest in exerting their will in the international arena but all have limited ways of making this happen. Associated with the issue of establishing their sovereignty ...
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...Chapter 1 THE PROBLEM AND ITS BACKGROUND Introduction Starbucks has been leading the coffee shop market in more than 40 years now. It has always been the place to find the world's best coffees. Its first store was founded at Pike Place Market in Seattle, Washington, United States. It has given a positive outcome so they serve consumers all over the world. The success of Starbucks coffee had come this far because they expand their operation and services and didn't limit their products. They sell not just coffee but tea, pastries, frappuccino, beverages and smoothies as well. Starbucks is the largest coffee house company in the world ahead of UK rival Costa Coffee, with 22, 551 stores in 65 countries and territories, including 12, 739 in Canada, 1,117 in Japan and 830 in the United Kingdom. From Starbuck' founding in 1971 as Seattle coffee bean roaster and retailer, the company has expanded rapidly. Between 1987 and 2007, Starbucks opened on average two new stores every day. Starbucks had been profitable as a local company in Seattle in early 1980's but lost money on its late 1989's expansion into the Midwest and British Columbia. Its fortune did not reverse until the fiscal year of 1989-1990, when it registered a small profit of $812, 000. By the time it expanded into California in 1991 it had become it trendy. The first store outside the United States or Canada opened in Tokyo in 1996, and overseas stores now constitute almost...
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...University of Helsinki | Cotton International World Trade | International Agricultural Trade and Trade Theory [MPOL18] | | Kwen Jinhee, Hardy Thomas, and Ng Earl | 27/02/2014 | | Table of Contents Introduction 3 The major producers, consumers, exporters and importers in January 2014 3 Major producers 3 Major consumers 4 Major exporters 4 Major Importers 5 Statistics since 1980 6 Major Producers 1980-2013 6 Major Consumers 1980-2013 7 Exporters 8 Importers 8 Price Trend 9 Amount of land used 10 Policies endowment of cotton world trade 10 China 10 India 12 United States of America 13 Pakistan 14 Brazil 16 Conclusion 17 Appendices 18 References 20 Introduction Cotton fiber is the most important natural fiber in the world. Cotton farming is a very old activity. Cotton is used for fabric since prehistoric times. Cotton is a plant fiber that surrounds the cotton seeds that are below to the genus Gossypium. The fiber is almost entirely constituted with cellulose. It is the most widely natural fiber used for clothing in the world. According to the United States Department of Agriculture, 2.5% of the arable lands in the world are used for the cotton production. Cotton represents one of the most important agricultural commodities on the international world trade. Almost all the production is situated in the North hemisphere. In fact, there is a few numbers of actors in the cotton trade. Therefore, most of them can influence...
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