118 lines
7.2 KiB
Plaintext
118 lines
7.2 KiB
Plaintext
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<20><><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD> <20><><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD> <20><><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD> <20> <20><><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD> <20><>
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<20><><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD> <20><> <20><><EFBFBD><EFBFBD><EFBFBD><EFBFBD> <20> <20><><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD> <20>
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<EFBFBD><EFBFBD> <20><><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD> <20><><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD> <20><><EFBFBD> <20><><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD> <20><><EFBFBD><EFBFBD> <20><><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD>
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<20><><EFBFBD> <20><><EFBFBD><EFBFBD><EFBFBD> <20><><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD> <20><><EFBFBD><EFBFBD> <20><><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD> <20><><EFBFBD><EFBFBD> <20><><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD>
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<20><><EFBFBD><EFBFBD><EFBFBD> <20><><EFBFBD><EFBFBD><EFBFBD> <20><><EFBFBD><EFBFBD><EFBFBD> <20><><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD>
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ARRoGANT CoURiERS WiTH ESSaYS
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Grade Level: Type of Work Subject/Topic is on:
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[ ]6-8 [ ]Class Notes [Report on China's ]
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[ ]9-10 [ ]Cliff Notes [Economic Future Outlook ]
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[x]11-12 [x]Essay/Report [ ]
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[ ]College [ ]Misc [ ]
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Dizzed: 10/94 # of Words:963 School: ? State: ?
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<EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD>><3E><><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD>><3E><><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD>>Chop Here><3E><><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD>><3E><><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD>><3E><><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD>><3E><><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD><EFBFBD>
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If China's economy grows as fast for the next 20 years as it has for
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the past 14, it will be the biggest economy on earth:
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I feel that China's drastic improvements over the last 14 years are
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overwhelming, with their Real GNP growing at a rate of 9% a year, which
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means by, 1994, China's economy will match the performance of countries
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like Japan and Taiwan. China's standard of living has also increased, and
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the number of people who were considered absolutely poor decreased
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approximately 63%. I feel with the vast amount of people living in China,
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and the economic activity booming like it is, China's exports will continue
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to grow, as well as the standard of living. This will create more revenue,
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and more capital for them to produce even more goods and become even
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larger, prospering as one of the biggest economies on the earth. I also
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feel that China should try to overcome its corrupt system and steadily move
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into a free enterprise system.
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Competition has been the key to China's success:
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I believe that competition has been the key to China's success. When
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Mr. Deng opened the free market, it brought the first signs of the farmers
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becoming more rich since the 1950s. His political genius allowed the
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farmers to become rich. He also introduced the "open-door policy" which is
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proving to be very beneficial, as they follow in the footsteps of their
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strong rich neighbours. Mr. Perkins believed four conditions must be met
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for a market system to work well in reforming centrally planned economy. I
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believe if China continues to improve its productivity, and the number of
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monopolies decrease as studies show, China will move into a capitalist
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front only to prosper. An Inflationary crisis within two years will test
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the government's reformist mettle:
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The 14th Communist Party Congress, set the official seal on the fourth
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wave of economic reform. Market Splintering: l feel that China should
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allow labour to become freer, because this will allow workers to be better
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suited towards their jobs, and therefor they workers will be more
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effective. Infrastructure: l believe that China has to build a railway
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system, so it will not have the highest utilisation rates for freight
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traffic. l also believe that China should give incentives for students to
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enter higher education. Government Finance: l think that the government
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should stop making up for losses of state-owned firms, and stop paying
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subsidies to these firms and consumers, hence the budget gap would be more
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than closed.
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Why privatisation may not be needed:
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Privatisation in many cases may not be needed because the government
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supports many businesses and purchases their products. If the company's are
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open to the market, many jobs will be lost. If foreign ownership buys it
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up, many jobs will also be lost, as well as many profits and products.
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State owned firms are not ready for the market, because they are geared for
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the bureaucrats and not customers. They are more concerned with the
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welfare of the employees rather than efficiency. In the past, communism
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led to low productive workers, because the more profits they made, were
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taken from government. Now things have changed, the more the retained
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earnings, the more the employees receive in bonuses, and that will make
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them work harder.
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A bracing wind is blowing through the open door:
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China follows the policies of its East Asian neighbours on foreign
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trade and investment. In 1978 China had an isolated economy, with a
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minimal share of world trade, commodities, especially oil which was China's
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main export. It has now blossomed into a $300 billion trade by 1995.
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Exports has five-fold. China will also receive a lot of foreign investment
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from countries, especially japan, which will hit poor parts of China.
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China will also be joining GATT soon, and have reached an market-opening
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agreement with the US in October. I believe that China should allow as
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much foreign investment as possible because it has helped other countries
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surrounding them, and may help them.
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The Communist Party has nowhere to go but down
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l partly disagree with this statement, l feel that once a country like
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China has accomplished itself economically like it has (strong and
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prosperous future), it will take a lot to bring the party down even though
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there might be some good reasons to. Also it may be difficult to go down,
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because China is still three quarters rural, and the people in the country
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still prefer communism because of the small favours received. Another
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factor why the party won't go down is because if it goes, it will be
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replaced by the army, the secret police or warlords. Even though the
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communist party has not functioned like it was supposed to, it will not go
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down. The communist party has been operating very much like capitalist,
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because of the capitalist society which has been introduced over the last
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several years. The party has a large role to play in China's transition to
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a full market economy.
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China is on its way. the West should prepare
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China's interests lay in foreign investment, trade and economic
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reform. China's main driving force was competition, and they proved that
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privatisation and settling the matter of ownership are not so critical in
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the early stages of reform. In the years ahead, China must choose between
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keeping the communist party or kepping the stunning economic growth. If
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they continue to grow at the rate China grows, and keep improving their
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economy, and join the likes of Japan, they can combine forces in all
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aspects against the west, military wise and economically wise. if China's
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economy grows as fast for the next twenty years like it has for the past
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fourteen, it will be the biggest economy on earth.
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