china - began to pour into the country and foreign-invested...

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Discuss (briefly) the consequences of globalization for China, and the consequences of China’s globalization for the world. Since the dawn of civilizations, China has played a large role in international trade. Immeasurable amounts of silver and gold flowed to and fro the Silk Road in exchange for spices and silk. China has always had something to offer to the rest of the world. Like most countries which were invaded during World War II, China’s economic infrastructure lay in ruins. In 1970 Den Xiaoping opened China’s doors to the rest of the world by slowly opening trade channels into and out of China. Foreign direct investments
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Unformatted text preview: began to pour into the country and foreign-invested enterprises sprung up along the coast. By 2000, FIEs contributed to 47.9% of Chinese exports (Zheng, 5). Globalization has caused a profound social and economic impact on China. Due to globalization, China now has the fastest developing economy in the world, on pace to catch the United States within the next 20 years. However, with all the economic advantages gained from globalization, there are negative side-effects. Globalization caused a dramatic effect on China, and the globalized China, in-turn, cause great effect on the world, economically and socially....
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This note was uploaded on 08/31/2008 for the course HIST Chinese Ar taught by Professor Lee during the Spring '08 term at UCLA.

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