An ancient civilization and an emerging economic powerhouse in the heart of Asia, China is quickly developing one of the strongest economies in the world. Chinese products can be found all over the world from Athens to Zurich and since its cautious embrace of a more…
China today represents a new form of economic development and this country has witnessed sustained financial growth while resisting pressures to democratize and has continued to develop inline with Maoist socialist thought. Oftentimes, the economic model of development propagated by China today is described as “authoritarian capitalism” (Gat 2007, 33).
China and India have recently taken steps towards the embrace of market-oriented principles. While capitalism and entrepreneurship remain relatively new concepts in China, these concepts are starting to take hold. How has China developed over the past century? What is the recent history of China and how does this history explain the model of development which it has decided to pursue? Similarly, how has India developed over the past century? What is the recent history of India and how does this history explain the model of development which it has decided to pursue? What roles does the state play in the Chinese and Indian economies and lastly, how have these economies grown under globalization? These questions, and many more, will be addressed in this exploration of China and India and their embrace of capitalism, state-led development and entrepreneurship today. We now turn to an introduction to the globalization phenomenon and the role of neoliberalism in the growth of globalization today.
Globalization, as it exists today, rests largely on the shoulders of neoliberal economics and the global entrenchment of capitalism as the dominant economic system in the world. Neoliberalism, the belief in laissez-faire economics, was best articulated by Margaret Thatcher in the United Kingdom and Ronald Reagan in the United States in the 1980s. US President Ronald Regan famously remarked “government was not the solution but the problem” (Hobsbawm 1994, 133). Neo-liberals put all of their faith in the distributive capabilities ...
Cite this document
(“Comparative study: China/India: The role of the state in the Essay”, n.d.)
Retrieved from https://studentshare.net/miscellaneous/382486-comparative-study-chinaindia-the-role-of-the-state-in-the-development
(Comparative Study: China/India: The Role of the State in the Essay)
“Comparative Study: China/India: The Role of the State in the Essay”, n.d. https://studentshare.net/miscellaneous/382486-comparative-study-chinaindia-the-role-of-the-state-in-the-development.
The preparation and production of the Human Development Report is done by the HDRO.1 Building a HDI involves the creation of dimension indices and then aggregating the sub-indices. In calculating the dimension indices, minimum and maximum values (also referred to as goalposts) are determined for the key input variables that are the life expectancy, education, and income level.
In order to attain the aim of discovering real reasons behind the growth in FDI in China, the following objectives are examined in the article. These includes: a review of the factors in FDI movement globally, an analysis of the trends in FDI in China and India, an observation of the differences between situation in this sphere in these countries.
Economic development of India and China. Introduction The economic growth of China and India has triggered much interest in the world. Economists have had extensive arguments and counterarguments on how the Asian economic giants managed to grow and cut a niche for themselves in the global economy.
Sports function as major social events either showing social exclusiveness; for example joining golf clubs or other prestigious regional sports organizations, or crowd power like football stadiums or cricket stadiums. Sports is thus an activity, governed by a set of rules or customs and often engaged to show the physical capabilities of the competitors to arrive at a definitive outcome of win or loose situation.
All the same, experiences of both the industrialized and developing countries highlight that regional approach can complement the multilateral process, and partner countries can benefit immensely through such regional arrangements. The mushrooming of various bilateral trade agreements between countries are a clear indication of the tremendous trade advantages in any regional process.
seized the opportunity to participate in the Chinese market, with its huge consumer base of 1.3 billion consumers and its dynamic export market of manufactured goods to nearly all countries of the world. China’s membership of the World Trade Organisation (WTO) made it possible
Being a country with Communist Orientation, China began its flight to reach the top of economic growth during 1970s. Traditionally, the competitive advantage which China has enjoyed was its low cost. It was due to this factor that Foreign Direct Investment began to flow
Though the objectives of globalization are widely accepted, because of some constraints in the form of religious nationalism, terrorism, political instability etc prevent some countries from exploiting the
In addition, FDIs are also drawn to market size and market possibilities abroad. According to neoclassical theory, the efficiency seeking dynamics of TNCs and thus FDIs drives development as FDIs are drawn to places where their resources can be more efficiently invested.2
12 Pages(3000 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic Comparative study: China/India: The role of the state in the development for FREE!