Emergence of China as a Global Trading Power - Essay Example

Only on StudentShare

Extract of sample
Emergence of China as a Global Trading Power

When the latest economical growth and development of new emerging countries is discussed, two countries' names emerge from nowhere. These are India and China. The growth in the trade sector of these two countries is surprisingly enormous. If this is partly due to development in the area of science and technology, there is much also that goes for a number of reforms, changes, and redefinition of trade policies and international trade relations. Moreover, there is much on the credit of Chinese distinctive cultural and management practices which makes this country a unique case study (Menkhoff and Gerke, pp. 87-89, 2002).
The present paper looks at the issue of the development of China in the business world of the recent times; China is "likely to demand a strong voice in the WTO" due to its major role in present day trade operations (Kennedy, p. 75, 2002). The paper, hence, undertakes extensive research to investigate the causes for the development of China in trade regimes. The paper explicitly brings forward the number of theories of trade which have anyhow any link to the present growth of China in worldwide trade.
At the end of the paper, the study analyses the data qualitatively and makes suggestions and recommendation in th ...
Download paper

Summary

In the present times, things are rapidly going through a process of change almost in every walk of life. This rapid movement is mainly credited to the fast pace scientific and technological advances made extensively in many fields. As such, in the twenty-first century, the scenario is very challenging because the process of trade throughout the globe has also taken high strides…
Author : trantowjanessa

Related Essays

International Trade Between China And Canada
Priority sectors for this trade mission included agriculture and agri-food, information and communications technologies, aerospace, biotechnology, education, natural resources, transportation, financial services and tourism.
...
15 pages (3765 words) Essay
the impact of the emergence of China and India on the world economy
The concept of "emerging markets" was suggested by the International Finance Corporation to describe the developing economies with the extraordinary potential for rapid growth. According to statistics, majority of the emerging markets have transformed and improved their economic performance over the last two years. Moreover, the total output of the emerging markets (led by China) represents more than half of the global gross domestic product (Siddiqi 2006, p. 48). In 2005, the emerging markets combined GDP by $1.6 trillion outpacing the $1.4 trillion of advanced economies! China and India...
8 pages (2008 words) Essay
Coporate Strategy about global steel manufacture industry
(Wikipedia, Steel) These are major components in buildings, tools, automobiles and appliances. The life of steel does not stop. If steels become old and torn out, it can be melted again to produce new steel.
...
10 pages (2510 words) Essay
Global Trading Systems of the 18th Century
By the year 1700 potatoes and maize had been exported to China from the Americas and these crops would contribute to the increasing population in China during the 1700s. This increase in population resulted in China's immense increase in a demand for silver and gold fed by the production of the mines that the Spanish had conquered 200 years earlier from the Aztecs and Incas. Some of the metal would be moved into Asia by way of the Philippines where Spain had established a colony in 1571. However, most of these metals would usually not flow directly into China, but rather through a complex...
3 pages (753 words) Essay
Discuss the reasons for the emergence of China as a global trading power in the light of international trade theories.
There are various theories behind the rise of China as one of the strongest economies in the world. This work will look into and discuss the reasons behind the emergence of China as a global trading power in the world in the light of International Trade Theories.
...
12 pages (3012 words) Essay
How does an Australian company benefit from China entry into the WTO and the Free Trade Agreement between Australia and China a legal point of view?
According to recent research data, China is found to the 7th largest merchandise exporter in the world, as its exports aggregate amount to $249 billion in 2000. Furthermore China received a direct investment of $46.8 billion, making it one of the largest recipients of foreign investment second only to the United States of America. A point of interest to be taken up here is the fact that China is the only member of the WTO that still happens to be Communist. Even though it is on the path to successful modernization the apparatus of communism is constantly competing for dominance. However it...
16 pages (4016 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!