ASNS3619 FINAL ESSAY - ASNS3619 China and Globalization Final Essay Essay topic Do you think Chinas workforce has suffered as a result of globalization

ASNS3619 FINAL ESSAY - ASNS3619 China and Globalization...

This preview shows page 1 - 3 out of 7 pages.

ASNS3619 China and Globalization Final Essay Essay topic: Do you think China’s workforce has suffered as a result of globalization? During the past few decades, globalization had significantly changed the world’s economic territory. China therefore had become the biggest market and manufacturing base of the world. Since the 1980s, due to the demand of global resources and techniques, Chinese government had gradually encouraged foreign investors to come to China to develop the business and facilitate the economic growth in China. Politically, Deng Xiao Ping’s pursuit of strengthening economic conditions after the economic breakdown resulting from the Cultural Revolution showed his attitude as an unprecedented reformer who was able to integrate a capitalist pattern into China’s inherent socialism system. Integrating capitalism into socialist economy of China was one of Deng’s well-known reform policies. However, there are numerous difficulties coming up in relation to China’s workforce during the process of globalization. Economically, the unreasonable distribution of the profits between foreigner enterprises and Chinese local labors and overworked issues had caused many trust issues and strikes that may disintegrate the cooperation relationship between China and foreign investors. Socially, the power of FDI had created competition and encouraged the development of new institutions, both at the firm level and through the legal system. Culturally, the contradictions between western and eastern cultures were one of the influencing factors that obstruct the cooperation development between foreign investors and Chinese employees. To illustrate my statements of the issues addressed above, I will demonstrate the perspectives from academic 1
Image of page 1
scholars in the assigned readings, along with the examination and discussion of practical examples from journal reports. My personal arguments will be final addressed before the conclusion is reached. Politically, Deng Xiao Ping advocated his foremost policy as a dedication that was to transfer the Chinese peoples’ attention from the past aim of class struggle to the fulfillment of the Four Modernizations, the economic development that based on socialist modernizations. The Four Modernizations were the general national development policy in China that in the premise of socialism, in order to make China become a powerful country that is capable of competing with western countries; Chinese government respectively enhanced its economic development in agricultural, industrial and technological dimensions. Deng recognized that some principles of capitalist society were useful to socialist economy, in 1984 June, Deng agreed to open several cities and ports, allowing capitalist to come into China to boost the economic development within Chinese society. Deng set up both Guangdong and Fujian provinces as two major coastal open districts to absorb foreigner capitals. (Kau and Marsh, 1993) Gradually,
Image of page 2
Image of page 3

You've reached the end of your free preview.

Want to read all 7 pages?

  • One '14
  • Socialism, People's Republic of China, Deng Xiaoping, Deng Xiao Ping, chinese labors

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture