The Communist ruled nation China has always been known for its cheap labour and sometimes questionable living standards. In 1978, China began the transition from a planned market economy to a more capitalistic, free market economy. Ever since then, numerous reform policies have been implemented and Liou (2010) says that these policies lead to an:…
The Civil war, which began in 1861, came to an end on May 13th,1865, and the Union claimed the victory. But the South were victorious in many of the earlier battles of the war, but at first they had a strong military leadership. The South’s defeat was due to poor strategy in the military and the appointment of weak generals, many people also believe that political leadership, foreign support, the supply of the army and war economics were reasons they didn’t win.…
Yuping Zhang and Emily Hannum and Meiyan Wang. "Gender-Based Employment and Income Differences in Urban China: Considering the Contributions of Marriage and Parenthood." Social Forces 86.4 (2008): 156-159. Web. 2 April 2010. This article is based on the income differences and job opportunities of workers in urban China between men and women and why these differences exist. These authors argue that married women and parents receive the biggest disadvantage amongst female workers in China due to their lack of capital regarding education, energy and financially. These particular women are not able to make as many social connections as men do due to their role in the household and so they are at a great disadvantage. In China’s market it is essential to have these kinds of social connections. It is a capitalistic society where everyone is out for his or herself and so people must use other people to get what they want. If these connections are not present then these urban female workers will not be able to make nearly as much progress and therefore will be much less successful. It is these expectations that cheapen the women and set them at a great disadvantage if they ever plan on having a family and household to upkeep. This lack of opportunity in the article is summarized as a disadvantage of ‘time use’ due to being a wife and having children in comparison to those who do not. However, if a woman were to decide that she didn’t want a family and wanted to primarily focus on her work this would be frowned upon in society, due to how valued the dynamic of family is in China.…
China’s influence in the world economy was minimal until the late 1980’s but we are now seeing China being one of the most independent countries and leading the manufacturing producing market. China started with a fragile economy with minimal infrastructure from frequent revolutions and invasions in 1949. In the early 1980’s, China’s economy was still extremely weak as a result of its inward looking government system of a socialist planned economy under the Mao government. This resulted in living standards below world averages and economic growth at nearly zero. China has risen from the edge of economic obscurity to lead the world in terms of economic growth, and this is done is just over a quarter of a decade. The People’s Republic of China has transformed from a planned economy into a socialist market economy and is now the world’s second largest economy to the USA being number one, by nominal GDP at $7.3 trillion and by purchasing power parity (PPP). “Pay attention to what’s going on in China. “ – Jeff Mbanga – The Observer.…
With China’s recent ascension as a powerhouse on the economic world stage, the social structure of its 1.3 billion people is also changing to reflect this forward momentum. Chinese consumption in the realms of material goods, housing and education has experienced unprecedented growth, an essential characteristic of what many would define as the “middle class” in terms of income level and social statures. This new phenomenon in a supposedly class-less Communist regime is an enigma within itself. This enigma however has presented the Chinese Communist Party with a problem that it did not foresee: How to embrace this new class of intellects, entrepreneurs, and engineers that is single-handedly driving this economic rebirth after denouncing the same practices of the bourgeois middle-class for more than half a century. Years of economic boom have supplied this new social bloc of people with an enormous amount of political, social, and monetary capital, and many Western and Eastern scholars are curious as to whether or not “China’s middle class will become a catalyst for political democratization and social transformation in China” (Xin 2013:3). Currently however, China’s middle class has not followed the trajectory of the modernization theory towards democracy as many modernization theorists believed due to bias associated with the past. The Chinese middle class is highly dependent on the government for much of its economic prosperity and elitist status. This is in stark contrast with the reversal of roles between the American middle class and its subsequent politicization by the government.…
The rising income inequality in china is seen as the most important issue to Chinese society and its future economic growth by many economists recently. The income inequality in china is complex and multi-dimensional, which is divided to four aspects that rural-urban income inequality, regional inequality, marginalisation and class formation.…
2) A British bank makes a loan to a South American nation. A United States corporation purchases large amounts of land in Guatemala. A Japanese investment firm becomes the major shareholder in a Bolivian silver mine.…
The major problem concerning China is over population. Due to overpopulation, the demand for energy to light every house and for petrol to fuel every car is becoming too great. With added pressure of providing for the people, more natural resources and fossil fuels are used up. There is also a shortage of jobs. China has a population of 1.31 billion people. In 2003, the total of number of unemployed people in China was 744,320,000. The World Bank said that the total unemployment level was close to 10%, though that is only the number of people who are registered as unemployed. The real figure would be substantially greater. China is faced with, because of overpopulation, lack of space. Approximately 137 people live on each square kilometre of China's territory, China ranking 71st on the worlds list of the countries with the highest population densities. The world average is 43 people per square kilometre, making China three times the average figure. Also a pressing issue is the state of poverty in China, (due to the recent focus on a new type of capitalism, there are marked contrasts between rich and poor). The UN Food and Agriculture Organisation states that there is ample food to feed the population. The problem lies then in how effectively the food is distributed. There is also a severe lack of adequate education. In recent years, literacy rates have drastically decreased. Illiteracy for persons aged 15 and over for 1990 was 22.2% and for 2000 it was 8.7%. In 1964 the…
one are the days when companies looked at China as a monolithic land of 1 billion potential customers. Companies are now focusing on how to capture small segments of China’s giant market, and none of these segments is as attractive or as full of potential as the country’s rapidly growing—and multifaceted—middle class. As China’s economy continues to grow, more people will migrate to China’s booming metropolises to find better-paying jobs. These working consumers, once among the country’s poorest, will steadily climb the income ladder and…
Shenkar, Oded. 2005. The Chinese Century: The Rising Chinese Economy and its Impact on the Global Economy, The Balance of Power, and Your Job. Wharton School Publishing. Upper Saddle River, NJ.…
The Soviet and Chinese governments while both Communist served the needs of different classes of people. Both of the Governments were extremely repressive to their citizens and they were responsible for the death of millions of its citizens. Both nations manufactured a form of cult around their leaders that to this day is still prevalent in both nations. The Russian revolution began in 1905 when unarmed civilian marched towards Czar Nicolas II Winter Palace.…
In recent years China has changed and developed rapidly especially economically. It is now the fourth largest economy in the world. A lot of Asian countries are now known as “newly industrialising countries”. This means that a country whose level of economic development ranks it somewhere between the developing and first-world classifications. These countries have moved away from an agriculture-based economy and into a more…
Many migrant workers in the U.S. tend to work in the agricultural industry as farmworkers, while migrant workers from China leave their rural farms to work in larger urbanized cities. Though roles seem to be reversed between the two groups, they have many similarities. The migrant workers from both the U.S. and China have significant impacts on their countries’ respective economies. In the process, these migrant workers endure many challenges such as poor pay, sub-standard living conditions, and work-related health risks. Regardless, migrant workers take on these challenges in order to better the lives of their families and to pursue their dreams and aspirations. Without their labor, many of the simple amenities that we enjoy would be more costly to obtain or not be available at all.…
China’s poor are under constant abuse by the corrupt government. The thing that drives the economic success of the Chinese government is the abuse of the its impoverished and underclass individuals.…
This essay will focus in on and look at contemporary China’s social stratification and social class make up and structure during the post reform era, (post 1978) and what affects it has on today’s social make up. It will outline the different class’s that make up contemporary China’s social structure and give a detailed outlook and perspective on each class, and show what change they have undergone since the opening of China’s economy in the late 1970’s and introduction to a market based economy. The greatest outcome will see how the transfer of the class’s from a socialist dictated economy and society during the Mao era, rapidly changed and fused into the modern market based economy of today’s China. This essay should also indict who has benefited most from such a quick and bold move to a market economy, and those who have lost out and not been so lucky as others due to the open door policy of China which was introduced in 1978, by then Chinese Premier Deng Xiao Ping (邓小平). This essay will take each class individually and contrast them to other class’s, both those that existed during the Maoist era of pre-1978 and the class’s that have emerged as a result of the economic reforms pursued by China since the opening of its economy and internal reforms where introduced. Lastly it will look at if China’s communist party has steered away from the founding ethics of a socialist economy to that of a capitalist one due to social class division and what effect this can have on China in the near distant future.…