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How laws affect economic activity in China

Economic activity in any country is dependent upon a number of different factors. Out of these factors, one of the most important factors is the various different policies that the government adopts pertaining to the growth of the economy.  You see, while economic growth can have immense benefits including a higher standard of living for people, better jobs and better education opportunities, it can also have severe negative impacts such as environmental degradation and increased power distance.  China is a country that has seen tremendous growth rates for the past few years. With its products being exported all over the world, China has become a hub for economic activity.  While the growth continues to impress economists worldwide, it is essential that we review some policies that impact these growth rates both in a positive and a negative way.  This post will discuss some of the laws that affect economic activity in China.

We cannot separate sociology from economics; it is simply not realistic to not include the basics of sociology into economics. This brings us to a very prominent law in China; the single child policy. According to this policy, Chinese citizens are allowed to have only one child. This policy has been implemented as a method to combat the extremely high rates of births in the country that was leading to a population overload in the country. With the population growth rate being controlled, any economy can perform better as the resources available per person significantly increase if population growth decreases.

China also promotes education and has its own strong education system with compulsory education up to a certain level.  The country believes in creating its own versions of everything which makes it such a fast growing economy. For instance, a Chinese individual is encouraged to design his or her own dreamweaver template instead of simply downloading one available online! This encouragement leads to the development of products and ideas.

However, not all policies help economic growth positively. China has some very strict bans on the usage of several popular websites including the ever so famous Facebook. Despite the fact that they have their own version of Facebook, the website ban prevents easy communication amongst the Chinese and the rest of the world. If you, for instance, post a job link from jobuzu on your facebook, your Chinese friends may not be able to access it.

China is also criticized for not implementing environmental friendly policies.  With its natural resources being depleted rapidly, the country faces disasters such as flooding and desertification. It is also a major carbon dioxide emitter that contributes to the overall global environmental degradation as a result of which it is criticized heavily. The levels of air pollution in china, particularly in the major cities, are alarming.

The policies that China implements apparently do not hinder the economic activity in the country. In general, these policies help the country manage its economic activity in a better way leading to the eventual result of high economic growth.

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Chinese Economy

From an economic perspective, China is considered a global superpower and is seen to be the most legitimate threat to unseat the United States as the biggest economy in the world. While the growth wasn’t immediate, China took its time to establish a strong local economy and capitalized heavily on its many competitive advantages before opting to enter the world stage as a key player in international trade. Today, China provides products spanning all types of markets from electronics to coconut oil for face and is very successful in doing so.

Take a tour of the Chinese economy’s path to growth by reading the highlights and bullet points below.

  • The growth of the Chinese economy had its roots in the late 1970s when the leader Den Xiaoping initiated dramatic changes in the way the economy was run. The changes were highlighted by the introduction of some capitalistic concepts to the local economy generating very fast results at the grassroots level. Focus was given on the pursuit of personal income and new management systems were introduced to boost productivity. The reforms swept through various markets including agricultural, industrial, financial, fiscal and banking systems to kickstart the reforms.
  • The second phase of growth occurred in the early 1990s when China began seeing major growth to its economy. During this time, China made bigger strides in international trade heavily marketing products from natural hair products to plastic toys. China regularly posted 9.5% growth in its economy although challenges remained in order to keep inflation low. At this time, more focus on banking and state policies became more urgent priorities.
  • China truly began to realize the benefits of its reform programs in the early 2000s when proposed amendments to the constitution helped speed up growth. Growth regularly averaged at 10% orhigher and trade became a major engine of the country’s growth. In 2010, China raked in $2.97 trillion in trade revenue making it the second largest nation in terms of trade profits, second only to the US. Around this period, China became the third largest economy in the world, fueling job creation from accident lawyer professions to factory work.
  • From 2010 onwards, China enjoyed modest progress even when the rest of the world was in recession. While growth has slowed down to the 5% level as other countries cut back on expenses thereby moderating global trade, China remained committed to exporting as evidenced by the presence of many global brands manufacturing their products from China. Just about anything can be sourced out from China nowadays, from the ubiquitous sample website to the glitzy iPhone 5. The Chinese economy has truly arrived.

China continues to hope for bigger things in its future but challenges remain before China can fully exploit its advantages. Social and political stability remain major concerns owing to the government’s drive to get more land for industrial growth which leads to people being forced out of their homes. China’s issues in the Pacific are also well documented as it quibbles with Japan, Vietnam and the Philippines over the control of islands in South China Sea.

Still, the future of the Chinese economy remains bright. It remains to be seen if China can ultimately unseat the United States as the biggest economy in the world. Until then, the world will continue to watch China closely and will keep asking: what will China do next?

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Secret Behind China’s Success

It wasn’t that long ago when China wasn’t considered a world superpower in terms of economic and political might. Over the last 20 years, developments in the mainland led to a significant and impressive growth revolution so much so that economists now expect China to surpass the US economy within the next 15 years. So what fueled this immense drive to success?

It’s hard to identify one specific factor that could account for China’s sudden surge. It’s not as if one can claim that pikalaina fueled the growth in the Chinese economy, after all China isn’t one to rely on external factors to push it forward. Since the time of Mao,China has largely been driven by internal factors more than anything and the arching path that the Chinese economy took over the last decade certainly fit this assessment.

However, there are obvious drivers that we can view more as a having a direct influence more than anything else:

  • First, China opted to practice a unique brand of capitalism driven by state policies. This is termed state capitalism in economic circles and it works well in the China environment. In a traditional capitalistic society, individuals and corporations drive the growth of companies and depend on market forces to determine the results. In state capitalism, the government has a hand in controlling the fate of that company never allowing it to keep exploring options without being backed by a government directive. This brand of capitalism is behind the growth of many successful companies in China and has empowered many to become successful beyond just acquiring the financial flexibility to buy Kratom.
  • Second, Chinaentered into the World Trade Organization in early 2000 opening its borders to international trade. However, China’s competitive advantage allowed it to become a primary provider of services rather than a consumer of goods as in the case of most economies. Cheap labor and power in Chinaattracted big multinational companies to set up shop in China, taking advantage of low overhead costs to grow their businesses. As a result, Chinaballooned cerca casa while maintaining its economic policies free from foreign intervention.
  • Third, China slowly but surely acquired the technological know-how to compete with the best brands abroad, and then used its competitive advantage to market cheaper products at a competitive quality level. Today, many companies source their parts and raw materials from China because it allows them to save on costs. Combined with a strong economic base, companies can now deal with China without needing a PPI claim to insure their business.

No doubt, many other factors contributed to the success of China but most can eventually be tied into the concepts discussed above. China championed the idea of cheap cost and competitive quality as a means of driving its stock in the world market. Today, most multinational companies do business in China because it is the only way for them to remain competitive. From services to parts and products, China now has a hand in most economic transactions earning it the distinction of being an economic superpower. And if the trend continues, there is little doubt that China may eventually surpass the US economy.

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Major Causes of Boost up in China’s Economy

The currently observed growth in the Chinese economy, while relatively new in the eyes of some, is a trend that has begun since the launching of the Chinese economic reform agenda in the late 1970s. In its totality, the program is a complex and comprehensive strategy designed to overhaul the stagnating Chinese economy. The massive growth we see today is a byproduct of a long series of government actions impacting all facets of Chinese economy, from the introduction of foreign investments to the permission of the creation of small business such as dental marketing schemes and the likes.

To understand the full scale of the Chinese economic reform as well as the major reasons for its stirring success, it would help to see the situation in a broader perspective merging the potential internal explanations with the greater macro-economic scenario that has prevailed inAsiaand around in the world beginning in the mid-1990s.

Internally, scholars and economic analysts tend to think that the success of the Chinese economic reform is primarily due to the institutional reforms that were implemented as a kind of skin tightening measure. Classic examples include privatization of many government agencies coupled with a high degree of decentralization post-Mao. This allowed many leaders to implement their own ideas for spurring growth resulting in a boom of multiple economic improvement strategies that energized the country.

Others also argue that leaders were motivated to promote growth as this was seen as a primary success criterion for their leadership skills. Post-Mao, many leaders stepped up in a bid to improve their political stock and increase the likelihood of being recognized and rewarded for their efforts. Mao’s absence created a scenario akin to pressure washing were leaders who are capable suddenly had the opportunity to showcase themselves while the fleas on dogs type leaders remained stagnant for their lack of ability to showcase results.

Moreover, the dynamic change in the internal mechanics of the Chinese political and economic approach also coincided with significant changes in the global scene. Chinatook the concept of export-led growth to new levels following the model of Japanin the 1970s. China’s abundance of manpower was a definite competitive edge that allowed it to mass produce anything from Taylor guitars to computer spare parts. Coupled with the collapse of the former Soviet Bloc as a competing power in Asia,China suddenly had so much room to grow and not a lot of competitors to rival with it.

Today, we laud Chinafor supplying almost everything that we see in our homes. If there is a way for Chinato supply South Africa travel packages, you can bet the country would do such in a heartbeat. This is a real testament toChina’s ultimate goal of becoming the primary provider of anything and everything in the globalized world. Thus far, it is doing an excellent job at it and in the absence of a strong competitor, it is most likely destined to continue growing eventually fulfilling predictions that it will surpass theUS economy in a few years.

The growth of the Chinese economy is a good model for many developing countries that wish to establish their presence in the world stage. What started as a series of internal restructuring efforts paved the way for the China of today. In the same breadth, economic reforms can certainly be implemented in the correct way to yield the right results. The only question that remains is the motivation behind such actions. After all, if China did it, there is no conceivable reason that other countries cannot do it as well. In the end, only time will tell.

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A Review of Freakonomics

Studying economics is something that more and more people have decided to do, ever since the economical and financial crisis information have started to inundate the morning and evening news in 2008. Wanting to learn more about the way the economy is being sustained, maintained and helped all around the world might not be exactly school subjects that have posed any interest to you, but if you have started to be keen on them now, the book called “Freakonomics” written by Steven D. Levitt and Stephen J. Dubner could be certainly aiding you a great deal.

The book can still be found on bookshelves in book stores and even online copies are still available, and finding those places stating “the book can be found here” or “click here to download the Freaknomics book” could be also used. Getting back to the main topic of the book, which is helping regular folks with no economy degrees better grasp the concept of today’s economy and financial state, the popularity of the book is quite easy to see. With so many international money crisis and social instability occurring as we speak, there is no wonder a book that uses simple terms and also a straight forward analysis in order to turn traditional wisdom in its head is more than welcomed.

You should expect to read answers to some intriguing and at least strange questions such as why do drug dealers still leave with their mothers, or maybe even why are the best anti wrinkle creams best anti wrinkle creams so expensive. Do not expect to be reading any weight loss product info descriptions, inside the book, but do expect to find some crazy answers to crazier questions – the answer will all rely on simple economy and they will definitely change the way you used to think so far. Yes, you are very likely to still enjoy your favorite Italian food next time you decide to travel to Europe, but you might be more careful with the way you are going to be spending your money, all thanks to “Freakonomics”.

You should even expect to discover some clever cocktail party conversation starters inside Levitt’s and Dubner’s book. You might be stressed out because of the fact there are not a lot of methodology tips included in the book, and you might be having some trouble putting the things you learn into practice.

The bottom line is that the book has an intriguing narrative that comes to show the shows the relevance of the answers offered to peculiar questions, and it also uses simple and easy to understand economic analysis to offer these answers. Finally, know that Levitt and Dubner claim that “if morality is how we would like the world to work, then economics represents how it actually does work.”

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The Future of Chinese Manufacturing

In case you are interested in the Chinese workforce and you are looking to read some Chinese work advice articles, you can either choose to click here to visit site that is specialized in displaying such information, or you could see if the data you can find here could help you in any way.

First of all, you need to know that the future of Chinese manufacturing is not prone to face any massive exodus to cheaper countries. According to the latest surveys, it would seem that manufacturing that is currently undergone on the Chinese soil is going to keep on being a highly popular economical activity during the next century. The existence of strikes and the growing labor costs are of course part of the reality that is characterizing the Chinese workforce. The future is not looking any brighter either, according to the latest research that was completed by a leading body of economists. At present, manufacturing stands for around 47% of the gross domestic product in China, and specialists that are part of the China Regional Forecasting Service for the Economist Intelligence Unit claim that massive exoduses of manufacturers to some cheaper areas of the world is not likely to occur during the many years to come. Countries such as Vietnam or Bangladesh and India are not likely to replace the Chinese workforce anytime soon, and increased labor costs will not pose a serious threat either. You could search for the official statistics and results of the surveys and get more info on this matter, if you need to. You could click link talking about the increased labor rate for apparel manufacturing on the Chinese ground, for instance, and learn that the rate has been actually increased by 14% during the last recent years, reaching $1.84. If we were to compare the Vietnamese rate with the Chinese one, we could notice an amazing difference of up to 4 times in terms of greater costs of employment in the garment sector. Moreover, it would seem that the Chinese labor rate is still cheaper as compared to the Indian rate. Nevertheless, India is expected to develop a larger manufacturing sector in the future. Hence, a Chinese garment company could be expected to move its headquarters to Vietnam, if things will remain unchanged in the future. This company is also likely to obtain better financial results, especially if its managers decide to move deeper into some more sensitive service industry businesses. An Obama phone might hence be cheaper to buy in Vietnam or India, but that does not mean that the Suboxone treatment is going to going through a similar process of getting cheaper. The changes that are likely to occur will be gradual ones and they will shape some new trends in 10 to 15 years.

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Why Manufacturing Jobs Aren’t in the USA Any Longer

Every citizen of the United States should now be aware of the economic status of the country. It has been reported to decline each year, which tolls its effect most significantly to the manufacturing industry. As major companies prefer outsourced labor force, the American work force takes all the suffering. You would not have to take out your scrabble dictionary just to understand these facts.

Many people have experienced lay offs and unemployment this past few years, more than ever. Nowadays, graduating simply from accounting schools should not be a guarantee that you will get a job, you have to be better than that. You will be lucky if you are a masters in project management degree holder because you would have a higher chance of landing a job. Better qualifications should definitely be an advantage because of the fierce competition over the job market. An information technology degree would also be one of those in demand courses because of the continuously improving technology.

Solving the economic problem of the country is not an easy task. It as not as easy as a simple download winzip free icon that you can just click and everything will be alright. It is also a task that should not just be left with the highest ranking politicians in the government; it is a job that should be a responsibility of the whole nation. Just like a metaphor from a Lifecell review which states that, a product should work in unison to be able to holistically solve the cause of the problem. The government and the manufacturing industry should work hand in hand to be able to solve the crisis. You should not give all the responsibility just to a smart pet because every individual has their limitations. The answer to the scarcity of manufacturing jobs is not like an unlock HTC phone, it is a journey that every citizen should take part of. Though these times can be hard for some people, hope should never falter and each person should believe in the capabilities of each other. We must also know that though other companies have taken their resources from cheaper sources, there should always arouse a different opportunity.

The battle with the economic recession that the US is going through right now is a condition that should be dealt with accordingly. It is not a problem solved overnight but with the manufacturing companies working hand in hand with the government and with the cooperation of every concerned citizen in the country, any problem such as this will surely be impenetrable. Putting our trust to ourselves will also be our protection in times like these. Just always remember to work hard and do your best in every job you get, how little or big it might be.

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Should International Labor Laws Be Enforced?

Read more on the Economists article titled “Manufacturing: The End of Cheap China

The matter of International Labor Laws has been largely debated and criticized lately, due to the importance and also due to the significance of these laws in relation to the tremendously large degree of globalization that has become a part of normality during the last decades.

These laws and standards can be best described as the main conventions that have been agreed upon by all interested international parties or actors and which have been developed and modified in order to cater to the needs of basic workers. They relate to these workers’ rights and they are set to boost the job security and the employment terms at a global scale. These labor laws are therefore meant to ensure the proper and also the minimum degree of labor protection for global workers and they are meant to abolish all inhumane labor practices.

But while everything sounds logical and also positive, one question continues to linger: should these international labor laws be enforced in any way? Think of this question as asking yourself whether some high-quality San Marcos flooring plans should be implemented in all homes on the planet, simply because they are said and also meant to improve the convenience and design of all homes. Or think of asking yourself a similar question concerning a Brazilian keratin treatment – it might work for a lot of folks, but should the entire planet start using it?

Despite of the fact that these laws can often times be regarded as some protective wetsuits or level term life insurance policies, as they are prone to bring their positive contribution into the lives of millions of international workers, they do not imply the use of some enforcement mechanisms. Still, should they be doing so? The truth is that a lot of international cases have already used a lot of formal agreements coming from international institutions such as the ILO – the International Labor Organization.

You do not have to own some masters in accounting in order to understand the fact that there are also plenty of arguments that come to speak in terms of restrictions imposed by these international laws and their potential future enforcement at a global scale. Just like some international umbrella companies or ACN INC might be able to somehow undermine global competitiveness by imposing their very own terms and even contribute to the erode of some domestic or national marketing policies of the rest of companies selling umbrellas, the same could be happening if these international labor laws were to be enforced. A HCG diet plan could help a lot of folks lose some serious weight, gain their peace of mind and help them fight against the adverse effects of weight gain but, just like these global laws and labor standards, they could also be creating all sorts of restrictions, provided they are to be imposed or enforced upon all workers in all corners of the world.

Hence, while these laws could be acting like the Melaleuca Foundation, reinstalling hope in people’s lives, they could be also adding a lot of restrictions in relation to global competitiveness, for instance, or the distortion of market forces.