The Impact Of China's Modern Foreign Policies On Economic Growth

1113 words - 4 pages

The Impact of China's Modern Foreign Policies on Economic Growth

Recent Chinese economic policies have shot the country into the world
economy at full speed. As testimony of this, China's gross domestic product has
risen to seventh in the world, and its economy is growing at over nine percent
per year (econ-gen 1). Starting in 1979, the Chinese have implemented numerous
economic and political tactics to open the Chinese marketplace to the rest of
the world. Just a few areas China's government is addressing are agricultural
technology, the medical market, and infrastructures, like telecommunications,
transportation and the construction industry. Chinese reform measures even
anticipated the rush of foreign investment by opening newly expanded industries
to out-of-country investors. Effects of this sudden change in economic strategy
by a world power can be felt by practically every nation of the globe involved
in international trade. The change in the amount of imports and exports to and
from China will increase the demand on countless markets, from automobile, to
petrochemical, to pharmaceuticals, and optical fiber. Also, with all the
foreign investment China is receiving, the socialistic republic will only grow
more and more interdependent upon the world economy. However, the impressive
growth rate of China's economy is not without its shortcomings. Problems such
as inflation and inefficient state-owned enterprises plague the rise of the
Chinese economy.

     The main goal for China's modern foreign policies is the development of
the Chinese infrastructure. The significance of improved communication and
transportation cannot be over-stressed. Economically, enhanced means of
communication and transportation allows more expedient supply and demand
scheduling. Two of the latest Chinese reform measures to aid in the development
of the country are the Provisional Regulations on Direction Guide to Foreign
Investment and the Catalogue Guiding Foreign investment in China. Both these
policies place specific industries including telecommunications, machinery, and
electronics on top priority. Funding for these projects come from foreign
investments and appropriations from the Chinese government in the form of grant
financing, and legislative or administrative support.

     Yet another example of the Chinese emphasis on industrial based growth
is the far-reaching goal of having just under 100 million telecommunication
lines by the year 2000. China's Central Ministry of Posts and Communication said
that in order to complete this major task China will enlist the aid of major
overseas suppliers and create manufacturing plants within the nation. AT&T,
Motorola, Northern Telecom, Alcatel, Erricsson, NEC, and Siemens are just a
handful of the multinational companies which hold a considerable share of the
Chinese telecom market, once again proving that China is becoming a party to
global interdependence.

     The...

Find Another Essay On The Impact of China's Modern Foreign Policies on Economic Growth

he role of economic geography in economic development and the impact of ICT on economic growth

2233 words - 9 pages countries are armed with good communications. On the contrary, some writers believe that geography still matters a great deal for economic interaction and for the spatial distribution of income.To discuss, I will concentrate on the role of economic geography in economic development and the impact of ICT on economic growth. From the existing inequality of economic development, we can see distance still matters in terms of economic transactions and

Additional factors which might be considered when examining the impact of Foreign Direct Investment on economic growth. Using Brazil as a case study.

3224 words - 13 pages Brazil has received notable levels of inward investment over the past few decades which has not resulted in the higher growth rate as economic theory would assume. Often the negative impact of Foreign Direct Investment (FDI) is attributed to the state of various factors of the market, such as the role of institutions and government policy or the deficient 'absorptive capabilities' of local labour.Current literature suggests it is the strategic

Assess the impact by 1939 of Nazi social and economic policies on the mass of the German people

1342 words - 5 pages the population. The focus on the future strength and solidarity of The Third Reich as a totalitarian state saw key aspects of the German lifestyle subjected to significant changes between 1933 and 1939. The effect that Nazi social and economic policies had were seen most significantly in their effect on women, youth, education, the economy with regards to employment, the motivation of the working class, and religion. Nazi propaganda went further

How does China's fascist-style government help/impede economic growth and the well-being of its subjects?

1265 words - 5 pages question: Economic growth in China over the past 15 years is the result of what? It is the result of the CCP adopting the very thing it claims to be against: capitalism. So we currently have a system in China that claims to be something it is not. This is one point CCP apologists are confused on. The point is that the more China moves away from all the CCP stands for (and has stood for in the past), the more likely China will grow and prosper. If

Foreign Direct Investment and it's impact, or lack of, on Russian political-economic reforms.

3798 words - 15 pages important ones. Broadman also feels that encouraging foreign bank entry would increase capital and confidence (Broadman 13).ConclusionThe question posed in this essay asks, does foreign private corporate investment have a political-economic influence on the Russian Federation? Over the course of a decade, Russia has continued to prove that no matter, how educated they may be over the issues of growth in the market economy, they are still skeptical

The Economic Impact of Policies Proposed by The Congress of South African Trade Unions

2293 words - 9 pages This essay will discuss and compare the implemented and proposed fiscal policies by the South African Government with those proposed by trade unions. It will specifically focus on the policies proposed by the Congress of South African Trade Unions (COSATU) and the South African Government. The essay will further analyse the impacts of these policies based on their affordability, impact on economic growth, unemployment and whether they will

Corruption and its Impact on Economic Growth and Development.

10433 words - 42 pages negative impact on economic growth.PopulationPopulation growth has an important impact on the rate of growth of an economy. Its relationship with growth is generally negative. As population increases the income of an economy has to be divided among a greater number of people thus leading to a lower GNP per capita and a lower standard of living.Dummies for type of government.The nature and degree of government control over the operations of the

A Presidential Look: John Adams - The Only Federalist President This is a paper about the presidency of John Adams. It covers his economic, foreign, and domestic policies

1225 words - 5 pages Matthew HelmA Presidential Look:John Adams - The Only Federalist PresidentJohn Adams was the second president of the United States of America. Over his term as president, Adams had to deal with many conflicts centered on the political climate, the economy, and foreign and domestic affairs.During the presidential campaign of 1796, Adams was the presidential candidate of the Federalist Party with Thomas Pinckney as the second most popular

How important were economic factors in shaping US foreign policies between 1890 and 1917?

867 words - 3 pages American foreign policy changed drastically between 1890 and 1917, from isolationist to interventionist. This change was due to economic factors as well as several other important factors. Many of these were factors outside of US control, but many of them were influenced by people or events in the USA.Big business is one economic factor that influenced US foreign policy. The business giants like J.P. Morgan put pressure on politicians to become

China's External Relations and Their Economic Impact CHINA-ASEAN RELATIONS : Perspectives, prospects and implication for northeast Asia interests

2107 words - 8 pages exports. China's GDP structure is based on the manufacturing sector.Regional Impact of China's Economic Growth in ASEAN +3China and Northeast Asian EconomiesChina's economy and those of Northeast Asia comprised of Japan, South Korea, Taiwan and Hongkong and are complementary. As China's economy welcome investors from foreign countries, the four Northeast Asian (NEA) economies benefited from the arrangement through direct trading with or investing

The Impact of WTO Membership on China's E-commerce

4166 words - 17 pages I.China's WTO Accession'Joining the WTO will bring China a great deal of short-term pain. The timetable for dismantling many local protections is brutally swift. With luck, the benefits of membership in terms of new jobs in a reinvigorated economy and of fresh flows of foreign investment will quickly follow.' (Woods, D 1999)After thirteen years of negotiation, the Sino-US agreement on China's WTO entry was finally signed in 1999. (the Economist

Similar Essays

The Impact Of Early Presidential Foreign And Economic Policies On The Growth Of The Nation.

524 words - 2 pages Monroe went into his presidency, it was during the Era of Good Feelings. All the good came to an end when the economic depression brought on by the Panic of 1819 hit the same year during his administration.The charter for the Bank of United States ran out and the economy suffered. Congress passed a protective tariff because of Britain's plan to put Americans out of business. The tariff greatly raised taxes on imports. Henry Clay wanted to promote

The Rise Of China's Economic Growth

1722 words - 7 pages stricter government laws on reducing the air pollution since air pollution has no boundaries so these problem is not just China's but the world's problem. No country in history has ever developed so rapidly and not harmed the environment. China's rapid economic growth lead to a serious problems that everyone over looked and now China is choking on their own success. The Chinese government has eliminated 3 percent of the nation's GDP in 2004 because

Impact Of Foreign Remittances On Economic Growth And Poverty Reduction In Pakistan

2476 words - 10 pages -December FY13), State Bank of Pakistan statistics stated. OBJECTIVE OF THE STUDY: • To analyze the impact of remittances on poverty and economic growth. • To recommend a policy to improve for economic growth through foreign remittances. • To recommend a policy to eliminate poverty through foreign remittances. HYPOTHESIS: Hypothesis 1: Ho: There is no impact of foreign remittances on poverty reduction. H1: There is impact

The Impact Of China's Economic Reform On The Operations Of International Firms

3268 words - 13 pages investors, revamp foreign economic management, step up protection of intellectual property rights, and work still harder to help foreign investors and create an even better environment for trade and economic cooperation between China and the rest of the world ( CNN 17 May 2005).Based on the background of China's economic reform, this paper studies the impact on operation of international firms in four aspects: China's market environment, management