Shanghai And China´S Economic Rise Essay

1770 words - 7 pages

Dong’s book Shanghai introduces us Shanghai, a city born in greed and humiliation. Shanghai was like “the ugly daughter grew up in the shadow of celestial Empire’s defeat by outsiders in the opium war. (p.2, Dong)” From late 1800s to 1949, “in Shanghai, more than anywhere else in China, progressive-minded Chinese recognizes the need for China to adopt modern enterprises and technology. (p.66, Dong)”
Shanghai, a treaty port ruled simultaneously by three separate municipal regimes, in the first half of the 20th century rose to become China's largest city for many important functions, such as trade, financing, manufacturing, journalism, publishing and education. However, the city had enclaves beyond the immediate reach of the Chinese government, which permitted sections of it to become havens of dissent. The West ruled Shanghai. During 1842-1949, Western countries not only was writing rules for the China and West games played in China but also was changing the rules as they wished.

In 2010, Edward Steinfeld, who is well known for his expertise in Chinese politics and economics, and international business developments, published the book Playing Our Game Why China’s Rise Doesn’t Threaten the West, where he announced “In essence, China today – a country at the peak of its modernization revolution-is doing something it historically never really did before. It is playing our game. (p.18)”
In the past decade, the world has seen the rise of China in the contexts of the soaring levels of exports, the enormous foreign exchange reserves, the extraordinary growth rates, and the utter roughness of the system even in the face of severe worldwide recessions. Many commentators have a certain level of suspicion in viewing this China’s rise. A lot of people in the West are concerned about the imperialist China. Is the United States just little more than a customer and borrower of Beijing? Is the West no longer ruling the Sino-Western relationship? Is the West dilapidating?
On the other hand, Steinfeld has a much different thesis about China’s rise. He argues that China’s growth is stimulating American commercial dominance because “China is playing our game- the game of modern capitalism effectively defined by the United States since World War II and practiced, in various forms, by all the nations of the advanced industrial West(p.24)”, a game of globalized production, global supply-chain and global R&D. Therefore, China’s rise doesn’t threaten the West, and the West is still writing and will be writing the rules of the games for many more years.
I agree with Steinfeld’s conclusion that at present the West is writing the rules of the game, and I have some of my own reasons to support that conclusion. I am as certain as Steinfeld in terms of who will be writing the rules in the future (in another twenty years).
To know the future, one first needs to know the history. Let’s take a look at what happened to Sino-Western relations since 1949 where we...

Find Another Essay On Shanghai and China´s Economic Rise

Case study: electronic commerce and business - SHYT (china company in shanghai)

2562 words - 10 pages service to a comprehensive travel service enterprise. The sales amount of 2003 reached 400 million RMB (50 million USD), and the businesses travel occupied 25%. In her business expansion SCYTS has formed a reputed brand name and a one-classic service, professional operation, brand name has developed a core principal "high staff trait, high service quality, high level tourism". Based in Shanghai it extends to China and develops abroad.Vision

Economic Depression and Hitler's Rise to Power

834 words - 3 pages Economics Depression and Hitler's Rise to Power The economic depression 1923 & 1929, contributed to Hitler's rise to power in many ways. The first thing that led to the economic crisis was when the German economy collapsed, as a result of the depression and low employment. This was a result of the Treaty of Versailles that forced Germany to pay reparations to the allies. The German people protested that it was

China: Economic growth and Regional Development

4286 words - 17 pages late 50's, led to a giant drought, where as many as 30 million people are believed to have perished. Though it was a major economic failure, it was the first attempt by China to leverage its cheap labour towards industrialization, a tactic that would be repeated 2 decades later.Cheap labour: In the 1970's, a large amount of manufacturing activity was carried out in Japan and Taiwan, for re-export to western countries. China presented a new outlet

This essay is about china and economic reform in china

1075 words - 4 pages evident that "under the present system economic questions are necessarily political questions" (Dorn 43). China was "still a state in which the central government retain[ed] the dominant power in economic resource allocation and responsible local officials work[ed] for the interest of the units under their control" (Solinger 103). China's economy retains these characteristics of potential for growth--and inflation--to this day. Another important

Economic Theories and Customer´s Behaviors

1629 words - 7 pages For companies to be able to market products or services effectively, an understanding of how consumers behave and make decisions is necessary (Poon and Joseph, 2001). There are several theories that relate to this area, including economic theories as well as psychological theories. Earlier studies in theories concerning consumer behavior were developed through economic theory, for example the conception where consumers advance rationally to

Economic and Political Issues that Helped Hitler Rise to Power

2035 words - 8 pages In the following investigation, the following question will be addressed: In what ways did economic and political issues in Germany between 1922 and 1932 contribute to Hitler's rise to power? The scope of my research will fall between the years of 1922-1932, the start of Hitler’s attempt to run for office. A variety of primary and secondary sources will be used to answer the question. The bitterness caused upon the change of

India and China: A Comparison of Economic Growth and Development

2154 words - 9 pages after civil war had plagued the nation. The Chinese Communist Party inherited this complicated task when they defeated the Nationalist Party and gained control over Mainland China in 1950. Before the Communist Party could implement any economic reforms they first had to unify a country that had been in turmoil for years.The governments of India and China were each faced with the complicated task of rebuilding their economies during the late 1940's

China policy mix and economic performance over the last decade

2788 words - 11 pages rise of calm and speediness. During this time China controlled inflation, and got over excess supply, withstood Asian finance crisis, and overcame the waterlog. China's capability of macro-adjustment increased continually. However some trade investment is too high. It caused energy source and materials strain. At the same time, food output fall continually. Thus farmer's income increase slowly. If not being controlled, it can be cause economic

Economic and Political Strategies of China versus Japan

1069 words - 4 pages local markets. Silver was a dominate market in the mid 1600’s. It was imported from mines in Western Japan. Spanish Galleons brought Peruvian silver into China. This led to the opening of the private “Shensi Bank” branches to accommodate the transfer of funds. Rather than paying taxes in grain or labor, farmers would sell grain and cash crops and pay taxes in silver. Ming collapsed in 1644. In the late 16th century, a Leader unified the Manchurian

International Political Economy Essay – China and The New Economic Order

2989 words - 12 pages development that foregrounds class. Facing the "challenge of China" - a poor country thathas managed to rise up in the global capitalist order while dramatically increasing domestic class inequalities, and a nation with staggering ethnic, gender, urban- rural, andregional divides, as wellas a Chinese diaspora thatnotonlyhas no paral- lel in its population size and economic power in the world but also perhaps in its economic and cultural linkages with

China: Pros and Cons of the Regional Comprehensive Economic Partnership

1408 words - 6 pages issues (ASEAN). Thanks to the successful first round of negotiations that began May 2013 in Brunei, three more rounds of negotiations ensued with the most recent of which occurring April 2014 in China. The overall aim of the RCEP negotiations is to accomplish a comprehensive and modern economic partnership that demonstrates high-quality and a visible, mutual benefit to all of the countries involved. Theses participating countries account for around

Similar Essays

The Economic Rise Of China Essay

1028 words - 4 pages The economic rise of China during the past few years has had the greatest influence on my thinking, especially in respect to economics, finance, my personal values and social responsibility. I was born in Shanghai in the early 1980s when China’s economic reform just began and the nation opened its doors to the outside world. I can still recall the relatively low living standards during my childhood: televisions and vehicles were rare; people

Discuss The Rise Of China As An Economic Power

853 words - 3 pages 800 WORD ESSAY: DISCUSS THE RISE OF CHINA AS AN ECONOMIC POWERPowerful because of an inexhaustible labor and more and more trained, with considerable resources, China is becoming the new world superpower. Moreover in the international view, China does not cease being in the center of all the debates. Far from being exhaustive, this study has as an ambition to raise some doubts, interrogations and especially to cause the desire and, curiosity to

The Push And Pull Of Shanghai, China

652 words - 3 pages will live, study and marry, and hence the population will rise. Furthermore, they are going to pay taxes, improve their in entertainment, construction areas and contribute to the Shanghai. On the other side, students such as illegal immigrants, who study in special school spend local authorities’ money. Government provides them food, clothes and so on after they grow up they should return all costs, but sometimes people just do not do it, hence the

China And Economic Reform Essay

4634 words - 19 pages ). One analyst has maintained that 'China now stands at the threshold of the greatest opportunity in human history: a new economic era promising greater wealth and achievement than any previous epoch' (Gilder 369). Illustrative of this optimistic feeling is Shanghai, an area that was designated for preferential conditions for foreign investment and as a base for the development of exports in 1988. This city and environs in the Yangtze Delta area