FINAL PAPER - 1 Global Effects of Chinas Industrialization...

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1 Global Effects of China’s Industrialization William Boas GLG F108 The recent industrialization of the People’s Republic of China has brought it to the forefront of global geopolitical powers. China has become an international superpower, and many of the actions the country takes have a direct effect on the rest of the world. China’s industrialization has been a factor in global economic, political and environmental problems. I think that China needs to use all of its resources and manpower effectively in order to prevent these problems and offer future solutions to the world’s current problems.
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2 When it comes to Geopolitics, the landscape of world powers is quickly changing. China is now the second largest consumer of oil in the world behind only the United States, but this number is steadily growing. Before long, China will overtake the United States and become the largest consumer of oil in the world. China’s rise in geopolitical power has had numerous implications for the rest of the world, along with the Earth itself. This steady growth in the use of oil is a result of China’s monumental industrialization efforts. The objective of this paper is to analyze the effects caused by China’s industrialization efforts. It is fascinating how the actions of only one nation can affect the rest of the world so directly. China’s industrialization has affected the global economy, created political and social conflicts, and raised environmental concerns. China’s oil needs have increased so rapidly because of its industrialization. According to Lindsey Bartlett and Michael E. Weber, 42% of China’s total energy consumption is put towards the country’s industry. China’s rapid industrial growth requires greater amounts of oil, but China’s increased demand for oil is coming at a time where it is scarce, and its presence is only continuing to dwindle on the Earth. As a result of China’s increased demand for oil, the price of oil has increased drastically, and it is becoming increasingly difficult for countries to purchase the oil that they need because it is so expensive. China is addressing its oil needs by purchasing many international oil companies and reservoirs all over the world. By doing this, China is gaining greater control over the global petroleum market. China is one of the leading producers in exported goods. The country is able to produce and export goods very cheaply, which makes them a very competitive entity in the global trade market. China is able to produce and export these goods at such low prices because the Chinese workers are paid so little. According to The Economist, the average pay of a Chinese citizen is
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3 approximately $1,400. Because of this incredibly low salary, China makes for a very attractive destination for foreign companies and investors. Many large scale companies are moving to
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This note was uploaded on 10/03/2011 for the course GLG F108 taught by Professor Dilek during the Fall '10 term at Miami University.

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FINAL PAPER - 1 Global Effects of Chinas Industrialization...

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