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Economics - china essay
multinational companies (MNCs competition increases in the local market which will force existing inefficient firms to invest more in physical or human capital. It increased secret life of bees coming of age essay the employment rate in China. The establishment of Pudong district of Shanghai as a new development zone also contributed to the shift. In The growth start to slow down after the Chinese Government has set the price reform in 1988 which resulted in panic buying and runaway inflation. It also give the competition for the domestic industries and encourage high level of efficiency and competitiveness. In the rapid development of China's economy, it consumes a lot of energy and resources. The increase in the amount of oil used through the production, it may impact the rest of the world as well as China, such as, they may faced the problem of rise in oil price as the demanded created by China has increased the consumption. China is benefit from being a fast growing economy. This chapter also aims to review existing literature. Creation of employment opportunities both directly and indirectly has been one of the most prominent impacts of FDI on the Chinese economy. Empirical Analysis Previous study and research on FDI and growth have used data from a wide range of sources.
As a result of industrialization and increase in infrastructure and investment in China, the agriculture sector as a percentage of GDP has been dramatically decreased from 29 to 13 in 1997 to 2003, as the farm that used to do agriculture has been converted into. It put pressure on domestic firms' to pay high for employees to retain their staff which exerts an extra burden on their revenue. FDI may provide better access to technologies for the local economy. The main reason is for its close proximity for Hong Kong. These problems are very costly, as about 7 of Chinas GDP and could rise to 13 if the problem are not to be addressed. (1) where A is constant and e is a disturbance term normally distributed with mean zero and a constant standard error. The main focus of this study is to find the relationship between FDI and economic growth (GDP) hence, it is essential to focus on FDI and GDP first before considering others. As the worlds greatest opponent of globalization, China, due to the lack of international economic order, the influence of globalization on specific countries in different stages of their development is entirely treated different. To round up, limitations and conclusions will be drawn on observation from data. Shanghai as well as its two neighbour provinces, Jiangsu and Zhejiang gains importance.
Levels: A Level, IB; Exam boards: AQA, Ede xcel, OCR, IB, Eduqas, wjec. Free chinese economy papers, essays, and research papers.
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