The effects of globalisation on China.
Date Submitted: 09/10/2006 02:48:44
Category: / Social Sciences / Psychology
Length: 10 pages (2621 words)
Category: / Social Sciences / Psychology
Length: 10 pages (2621 words)
Globalisation is the process of increased integration between different economies of the world to create a unified global economy. Economists believe that this movement will lead to a more efficient allocation of resources as countries produce goods and services where they have a comparative advantage. For globalisation to work, it is necessary to promote free trade between nations to enable goods and services to flow between various economies.
"The future of China's economic development is …
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…new opportunities. Time is a main factor to the growth of the economy and China continues to have a huge potential to grow economically. Ultimately, China has benefited significantly from globalisation and successful at managing a bipolar economy. To conclude, the 2008 Olympics is a prominent symbol of how China has integrated with the rest of the world. It can be seen as a reflection of the growth economically and socially of the people of China.
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