Economic Development in China
This is an excerpt from the paper...
The People's Republic of China (PRC) plays a major role in the post-Cold War world. It is the world's most populous nation with approximately 1.2 billion people, and the third largest in land mass after Russia and Canada. It has nuclear weapons and is a growing military power. As one of the five permanent members of the UN Security Council, China has veto power over Security Council resolutions dealing with key multilateral issues, including international peace-keeping and the resolution of regional conflicts. China is also undergoing extraordinary economic growth and promises to be a significant economic power early in the next century. This research explores the economic development of the PRC and considers the special relationship between the PRC and Taiwan.The People's Republic of China was proclaimed on October 1, 1949, following the victory of Communist forces over the Kuomintang government, which fled to the island province of Taiwan. The new Communist regime received widespread international recognition, but it was not admitted to the United Nations in 1971 as representative of China (replacing Taiwan). From 1949 to the late 1970s, virtually all policies relating to the allocation of resources and the distribution of income were controlled by the central planners of the State Council in Beijing. Committed to a program of economic self sufficiency, China traded only with countries that shared its puritanical Marxi
. . .
centers.
Against this backdrop, the impulse to direct and reallocate China's internal resources and foreign investment toward lagging hinterland regions may prove ineffective. The experiences of the Western market economies as well as the former Soviet Union suggest that efforts to disperse industry in some sort of "geographically equitable" manner have usually failed. In any event, they have been quite expensive and have resulted in the serious misallocation of scarce human, technical, and capital resources.
International Trade and Investment
China is now in its ninth year of negotiations for accession to the General Agreement on Tariffs and Trade (GATT), now the World Trade Organization (WTO). All new WTO members are required to comply with certain fundamental trading disciplines and offer substantially expanded market access to other members of the organization. Securing China's accession to the WTO on these terms is necessary for China's economic transformation, for stability and growth in the other WTO member economies, and for the integrity of the international trading system. Many major trading entities, including the United States, the European Union, and Japan, have shared concerns with respect to China's accessio
. . .
Some common words found in the essay are:
Indeed Deng's, Conclusion China, Five-Year Plan, Beijing Tianjin, Hong Kong/Macao, Committee NPC, According Chinese, Xiaoping Despite, Union Japan, Taiwan PRC, foreign investment, economic zones, times november, market access, special economic, communist party, foreign trade, trade investment, special economic zones, economic development, november 20 1995, socialist market economy, times november 20, republic china, financial times november,
Approximate Word count = 2459
Approximate Pages = 10 (250 words per page)
More Essays on Economic Development in China
|
Customer Service
to Over
32,000 Professionally Written Papers!!!
