Analysis of Emerging China’s Economy and its Influence on World Economy Zhijun Sheng (Corresponding author) School of Economics and Management, Changchun University of Science and Technology Changchun 130022, China Tel: +86-135-0445-7191 Email: shengzhijun412@126.com Jing Ma School of Economics and Management, Changchun University of Science and Technology Changchun 130022, China Email: majingdoll@hotmail.com Received: July 22, 2011 Accepted: August 21, 2011 doi:10.5430/rwe.v2n2p21
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have not been universally distributed.” This statement was made by John and George Steiner in 2005. They said this when globalisation was beginning to happen at a rapid pace. Globalisation allows countries worldwide to trade with each other on an economic or political front. This has had many benefits for a lot of people around the world. In my essay, I will discuss the many benefits that globalisation has brought to people. My research has enabled me to analyse this statement to great effect. Firstly
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1. Introduction In 2001, one of the economies in Goldman Sachs – Jim O’Neill – wrote an economic research paper “Building Better Global Economic, BRICs”, in this report, O’Neill listed four countries with their initial letters combined being BRIC – Brazil, Russia, India and China – as the world’s fastest developed economies that can be considered as the most promising emerging markets in the world. Latter the BRICs become BRICS with South Africa joining the group, together the five BRICS countries
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Why Is China Growing So Fast? In 1978, after years of being control by the state of all productive assets, the government of China embraced a new major program of economic reform. In an effort to awaken a sleeping economic giant, it inspired the creation of enterprises and private businesses, liberalized foreign trade and investment, relaxed state control over some prices, and invested in industrial production and the education of its workforce. This strategy has worked magnificently on nearly all
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China: To Float or Not To Float? International Finance 1 - What are the implications of China’s exchange rate policy on doing business with and “against” China? For years, China’s currency was undervalued. Many analysts and economists estimated that the Chinese currency (Yuan) was undervalued by 35%. So, for years, China kept a higher exchange rate. By doing so, China has some advantages but also some disadvantages. First, by undervaluing its currency, China keeps the Yuan as a weak currency
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Brazil is amongst the leading developing nations and has sustained a decent economic growth for years (Alfaro & White, 2013). This commodity boom gave rise to the country’s export. However, the “Custo Brasil” was harming domestic manufacturing, while foreign opportunities threatened to overwhelm Brazilian marketplaces. The Custo Brasil has become the biggest factor in declining competitiveness of the country followed by poor infrastructure and undeveloped education system. According to Alfaro
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Generally speaking, there are three main factors that influence economic growth——capital investment, labor and total factor productivity (TFP). Although China has gradually liberalized the one-child policy, but in the short term, China's population growth rate will not increase greatly, while with the increase of China's population aging trend, China's labor population ratio will continue to decline. Therefore, China‘s long-term growth of the economy cannot rely on the increase of labor force.
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ATPC African Trade Policy Centre Work in Progress No. 77 ATPC Economic Commission for Africa The Impact of Chinese Investment and Trade on Nigeria Economic Growth 2009 Djeri-wake Nabine Abstract This paper examines the impact of Chinese foreign direct investment and bilateral trade with Nigeria economic growth. The study use an augmented aggregate production function (APF) growth model, three methods are performed to test the hypothesis that there is no causal relationship
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however consequences followed which hindered the social welfare of China. Modernisation was devised through adopting Western policies in order to improve the use of machinery and materials to enhance the position of agriculture, which would provide the growing work force with sufficient supplies. Mao desired an independent China which was self-sustainable without International support e.g. from the USSR and to minimise foreign economic interactions. Once the economy was established in 1952, Mao initiated
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between family planning, life expectancy and economic growth. Generally, most people and organizations concur that there is a relationship among these variables. Birth control has an input in the rate of population growth. The level of population in the world or in a country seems to impact on economic growth and the level of the standard of living f the people. Let us look at the question of the relationship between family planning and population growth. The more the people practice family planning
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