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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2337 |
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Through systematic and deliberate globalization efforts, China was able to protect certain industries (such as the steel industry which will be discussed later) from global competition; thus, allowing China to nurture these industries to maturity which then enabled the industries to compete and thrive...
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Foreign Direct Investment (FDI), as well as trade liberalization that China undertook during the reform period, helped drive further globalization which moved China from a protected market to an open market - an open market that has placed China among the world’s top exporting countries. However, these drivers that afforded China the great economic success has resulted in significant social (income inequality) and environmental (greenhouse gas emissions) costs that leave many questioning China’s governance and overall ability to govern the economic growth...
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