EGT1 -Economics and Global Business Task 4 Introduction China is the world’s leading nation in terms of population measure. As of the year 1990, the country had a population of 1,133,682,501 people. This has recorded continued growth of approximately 15 million people annually since then. Therefore, their government has placed a considerable amount of effort in ensuring that the Chinese population lives a better life. However, the process of ensuring this size of a population has a decent and high standard of living has posed a big challenge.
China is getting better and better by the second. The infant mortality rate is decreasing, literacy and education increasing, life expectancy higher and basic necessities like food, water, and shelter more available. Many of the problems they had with population are starting to go away with some new restrictions the put up. Their population mass could create the big armies and armadas of china and turn them into a well oiled war machine are could hone the economic status of china probably both though. With China having all these major points they could be on the rise for the next superpower
Although there are many similarities between the development of Chicago and Chongqing, the speed and scale of Chongqing’s development is unprecedented and puts it in a class of its own. Chongqing is growing eight times as fast as Chicago had, averaging three hundred thousand new people a year. These citizens migrate to cities like Chongqing mainly for employment. In China, there is a massive pool of labor that will work for very low wages, as many Chinese individuals are used to surviving on less than two dollars a day. Combine inexpensive labor with modern factory technology, and one may understand the reason for huge investments in city expansion projects and infrastructure, and perhaps the Chinese competitive advantage.
There was a rise in the formation of classical civilizations in the world from 100 BCE - 500 CE. A classical civilization is a highly organized civilization that has contributed to our daily lives today in their developments in culture, technology, philosophy, politics, and art. These civilizations create foundations for later civilizations. China and India were both considered to have classical civilizations. India and China were somewhat similar in their economic systems in that trading networks were developed which helped to provide great wealth for each civilization.
Trans national companies start to set up there due to the massive population and amount of natural resources which provide potential employee’s and raw materials for industrialisation and new buildings are built for offices, factories and homes and it provides many more jobs for Chinese people. China has become wealthier because of this and more money is spent on healthcare and education, making the people healthier and better educated so are able to work longer, money is also spent on the basic infrastructure such as railways and roads, which improves transport links in the country. As well as internal changes and improvements, there are also global reasons for China’s development. In 2001, China joined the World Trade Organisation, so trading became more recurrent for China which boosted their economy rapidly. Due to the cheap labour available, Trans national companies have invested in China and therefore products are now mass produced there more than any other country in the world.
Chinese Migrate to America The time period between the 1870’s to the 1930’s was a crucial time in American history. During this time was not only the industrial era and the beginning of modernization for America, but it was a immigration hot spot. When America started to industrialize and become more modern, it opened a big window for opportunity and other countries saw this as a once in a lifetime opportunity. Many people from other countries all around the world began to migrate over to America for so many reasons especially the Chinese. The Chinese are a prime example of taking the opportunity that America brought to many people.
6). With all the waste produced by industrialization, air pollution has also become a major issue. Statistics show that “China has the world’s highest number of annual deaths triggered by air pollution” (Doc. 10). Due to this hazard, growing crops became more difficult.
In Germany America’s economic failure contributed to the rise of Adolf Hiltler, so the Stock Market Crash had a domino effect on our country and others. In America there were 16 million unemployed, which was about one third of the available labor force (Livingston1). There was some companies that faired well through-out this gloom; Camel Cigarettes was the top selling tobacco product. The reasoning for that is people were stressed out and felt that cigarettes relived
The strength of the Aussie dollar impacts on exporting, metal prices effect profits, and a slowdown in the global economy will reduce the demand (particularly from China) for the metal produced in BH. The BH mine recently made 440 employees redundant which had a huge effect on the local economy and saw many families leave the region in search of employment Ageing Population: BH has an ageing population which in the short term has a positive effect through construction of aged
However, China’s higher economic power over other nations lifted hundreds of millions of people from deep poverty and has helped improve health, education, and other social standards. According to the 2013 World Bank’s world developing indicators, China is listed among the Upper-Middle Income Countries (UMC) (Todaro and Smith, 2015, p. 43). Unlike China, the traditional mercantilists held almost all their nationals in abject poverty with an exception of the royalty, merchant capitalists, landlords and senior government officials (Brue and Grant, 2013, p. 18). The Heckscher-Ohlin factor proportions theory states that countries produce and export goods that require resources (factors) that are abundant and import goods that require resources in short supply (Wild and Wild, 2012, p. 140). China is labour abundant, influencing the cost of labour thereby attracting investment and economic