This essay stresses that it has been observed that the China has been grown rapidly in last two decade. This is due to Foreign Direct Investment inflow to China has increased in major extent. It has become one of the leading business hubs in the continent of Asia to the leading MNCs in the world especially the MNCs of developed markets. At the same time, outward foreign direct investment is also substantial contributor in economic development of this nation. Generally, economic growth of a country is quantitatively measured by gross domestic production of the country. China holds huge resources for businesses including natural resources like agriculture base products, infrastructure, technology and obviously availability of manpower for all level of work.
This paper makes a conclusion that the liberalization of some of the developing countries has not translated into qualitative gains. The gains from trade in less developed countries are still not sufficient. The costs of globalization driven by trade may be unsustainable and therefore the inequalities will tend to rise further which is indeed a matter of concern. As a result the countries are becoming prone to external shocks. In order to benefit from globalization a sustainable environment is needed to be created in the context of differentiated trade policy and development landscape. The international trading system has witnessed several changes under the globally recognized challenges. The trading system has recognized the structural as well as the economic challenges that are faced by the developing countries. ...Show more