China’s Economic Rise and Its Global Impact - download pdf or read online

By Ken Moak, Miles W.N. Lee, Elliot Engel

ISBN-10: 113753558X

ISBN-13: 9781137535580

ISBN-10: 1349556041

ISBN-13: 9781349556045

Through a radical research of China's contemporary historical past and financial improvement strategy, the authors of this e-book search to give an explanation for the motives of China's fiscal upward thrust and its effect at the remainder of the world.

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A changing or being changed for the worse; making, becoming, or being corrupt. 2. ” That is, corruption is influence peddling by one party on another for personal gains at the expense of society. It has pushed many countries to the brink of disaster, including violent revolutions in the form of the Arab Spring in the Middle East. Many Western pundits have predicted that China would face the same fate. The Arab Spring and Color and Flower Revolutions, however, did not materialize in China. One reason is that corruption has not hindered economic growth or harmed its national interests.

Further, the government has set an economic growth rate target of 7 percent per year to the end 2020. In order to meet the growth target in a period of economic uncertainty, local government and enterprise officials must keep the polluting factories open. Doing otherwise would upset the unemployed workers because they need jobs to survive. Closing factories is easier said than done. Unequal Wealth Distribution Allowing free enterprise has unleashed the work ethic and entrepreneurial spirit of those who are willing to work hard and take chances, raising their income over that of those who are not willing to do the same.

34 He made his point in that the Soviet Union never did act on its threat. 35 Like the Soviet Union, President Lyndon B. Johnson vetoed the idea, perhaps due to concern over world public opinion—not to mention the possibility of China retaliating against US forces and allies in the Pacific. 36 The huge population not only made reform more difficult, but the government also had problems feeding it. After the Cultural Revolution, Deng Xiaoping decided to impose the one-child policy on Han urban dwellers.

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China’s Economic Rise and Its Global Impact by Ken Moak, Miles W.N. Lee, Elliot Engel

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