FINAL RESEARCH PAPER The Rise of China: Understanding its Economic Growth Since 1987’s Economic Reform By Francia‚ Niña Luz V. Julio‚ Hilarie Claire L. I. Introduction A. China’s emerging economy for the past 30 years During the 1800 ’s‚ China was economically and politically dominant in the world. However‚ it was during 1850 when China ’s economy started to decline and Britain took the economic lead. China ’s economic and political power weakened. It maintained a centrally
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in 2009 and 2.9% increase in 2010.Up until 2009 the rates seemed to slowly decline and in 2010 they began to rise again. Some factors in causing the GDP to decline could be the war in Afghanistan and Iraq‚ gas prices soaring in 2008. Then with the economic situation in 2009 more people‚ that is the ones that have jobs were holding onto
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Analyse the impact of Globalisation on an economy other than Australia. Chosen Economy- China Globalisation is the growing interdependence of the world’s people and world trade. It involves shrinking space and time and breaking down borders in order to allow people access to new technology‚ markets‚ tools and organisations such as the WTO. Globalisation impacts positively on China’s economy by increasing trade and GDP‚ encouraging foreign investment from Transnational Corporations (TNC’s)
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On September 13‚ 2012‚ the Federal Reserve announced another round of quantitative easing (QE). Discuss the expected economic impacts of “QE3” on selected East Asian Country. On September 2012‚ the Federal Reserve announced a new round of open-ended quantitative easing named QE3. Unlike the previous quantitative easing‚ the Fed decided to continue buying mortgage-backed securities until the economy is improved‚ rather than creating another fixed endpoint package. The first quantitative easing was
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The Impact of the Growing Economic Power of China China is the second largest economy in the world after the US. This is measured by both nominal GDP ($4.99 trillion)‚ and by purchasing power ($8.77 trillion). The Peoples Republic of China‚ as it is officially called‚ is the world’s fastest growing major economy in the world with an average growth rate of 10% for the past 30 years. China is also the second largest trading nation in the world as well as being the largest exporter and second largest
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INTRODUCTION II. TREND IN POPULATION AGING IN CHINA III. INCREASE RATE OF TOTAL AND ELDERLY POPULATION IV. IMPACT OF THE RISING ELDERLY ON ECONOMIC SOCIAL SYSTEMS V. ECONOMIC EFFECTS ON CHINA’S ECONOMY VI. CURRENT SOCIAL PROGRAMS FOR THE ELDERLY VII. FUTURE SOCIAL PROGRAMS FOR THE ELDERLY VIII. POSSIBLE ECONOMIC IMPACT ON LABOR‚ FAMILY‚ AND WORKING-AGE IX.
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DanxuewenZhu Economic relationship between China and Japan General situation China is the world’s largest developing country (China.org.com‚ 2011) and Japan is the major economic entity .They play an important role in both region and world economy. Japan is one of China’s important neighbors. In 2006 former Japanese Prime Minister Shinzo Abe visited China. This visit is called “ice-breaking journey” (Xinhua‚ 2007). After that journey‚ Sino-Japanese political relations has been warmed‚ and bilateral
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1. Compare economic data between Australia‚ China and Greece Table 1.1: Real GDP in Australia‚ China and Greece 1999-2010 Real GDP (constant 2000 US$bn) Australia China Greece 1999 401.041 1‚105.604 119.086 2000 416.888 1‚198.475 124.418 2001 425.524 1‚297.948 129.640 2002 442.135 1‚416.062 134.099 2003 456.603 1‚557.668 142.069 2004 475.578 1‚714.992 148.274 2005 489.652 1‚908.786 151.655 2006 504.740 2‚151.202 160.061 2007 522.730 2‚456.673 164
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Race and socio-economic status should not define citizenship. Every individual has the right to exercise citizenship regardless his/her race‚ ethnicity‚ wealth‚ education‚ or social standing. Many have argued for the cause‚ yet to date‚ the reality seems bleak. In this essay‚ I will discuss on the tensions caused by race and socio-economic status and its relation to citizenship. To do this‚ I will provide a case-study‚ based on my observation of Jakarta‚ the capital city of Indonesia. Jakarta is
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In the past few years‚ economic inequalities‚ which can be separate into two parts: income and wealth‚ has become a mainstream political issue. We often hear the economists from different countries speaking income and wealth inequalities‚ no matter they are from developed or developing countries. According to the research‚ both Australia and China are now facing some serious issues from income and wealth inequalities. As two examples of developed and developing countries‚ in this question the main
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