Impact of Globalization in China
Impact of Globalization in China
Globalization has transformed the world to a large extent in various ways, including providing numerous job opportunities, boosting International trading, and connecting countries around the world closely. Yet, it has also caused some serious worldwide problems such as economic crises and enlarged the rich-and-poor gap. Take the example of China. Although the overall economy boomed, more social issues have arisen. These problems make China suffer, while helping China to reflect and improve in the long run. This essay evaluates and compares the positive and negative effects of globalization in China.
The most significant and obvious change brought by globalization is the improvement on the economy. Since China changed from a planned economy to a market economy, and with the increasingly stronger global communication, local companies have expanded business overseas, and foreign companies have come in. Factories were built and trade has been increasing exponentially. The GDP has been increasing at a high rate every year. The overall economy is stepping forward fast. But fast steps could leave some people behind. The gap between rich and poor has become incredibly large.
Foreign cultural elements have been reshaping China’s local culture. After the Great Cultural Revolution, traditional culture was almost eradicated. People started to chase after foreign cultures. At first, the Hong Kong culture had the biggest influence. Later on, when globalization caught on, foreign movies, music, business, sports, and especially luxury goods from all over the world, had a strong impact on the local culture. Generally these have benefitted local culture, introducing new cultural elements, and inspiring innovation. However, there is the tendency for people to think that everything from abroad is good, thus accepting and following blindly, without any judgment. The local culture may be ruined by those negative elements.
Globalization also affects
Globalization has transformed the world to a large extent in various ways, including providing numerous job opportunities, boosting International trading, and connecting countries around the world closely. Yet, it has also caused some serious worldwide problems such as economic crises and enlarged the rich-and-poor gap. Take the example of China. Although the overall economy boomed, more social issues have arisen. These problems make China suffer, while helping China to reflect and improve in the long run. This essay evaluates and compares the positive and negative effects of globalization in China.
The most significant and obvious change brought by globalization is the improvement on the economy. Since China changed from a planned economy to a market economy, and with the increasingly stronger global communication, local companies have expanded business overseas, and foreign companies have come in. Factories were built and trade has been increasing exponentially. The GDP has been increasing at a high rate every year. The overall economy is stepping forward fast. But fast steps could leave some people behind. The gap between rich and poor has become incredibly large.
Foreign cultural elements have been reshaping China’s local culture. After the Great Cultural Revolution, traditional culture was almost eradicated. People started to chase after foreign cultures. At first, the Hong Kong culture had the biggest influence. Later on, when globalization caught on, foreign movies, music, business, sports, and especially luxury goods from all over the world, had a strong impact on the local culture. Generally these have benefitted local culture, introducing new cultural elements, and inspiring innovation. However, there is the tendency for people to think that everything from abroad is good, thus accepting and following blindly, without any judgment. The local culture may be ruined by those negative elements.
Globalization also affects
Bibliography: Friedman, T. (2007). The world is flat: The globalized world in the twenty-first century. Longon: Penguin.