Impact on Chinas Economy of the Economic Globalization

Impact on Chinas economy of the economic globalization Abstract: As everyone know that no country can avoid to participate the globalization. China has always been trying to follow the trend of globalization, to be part of it, and actively join in it since its opening to the world in 1978. After 23 years in 2001, of hard efforts have been made by lots of people and tremendous negotiations have been undergone for such a long time, China finally got access to the WTO, which marks the most important step of China towards deepening the integration of the Chinese economy into the world economy and therefore going more deeply into the globalization. We should admit that the opportunities and challenges were brought to China by globalization†¦show more content†¦Made in China has become the world economy is an important phenomenon, so that China was awarded the world factory in the title. However, we need to recognize that Chinas current position in what kind of division of labor. Chinas technol ogy really has made tremendous achievements, but China is in the knowledge economy and information economy, in the international industrial transfer, under and in the inflow of foreign capital to become the world factory, China in the international division of labor, after all, the low-level position and the distribution of benefits relative disadvantage status, is still in the low end of the international industrial chain. At present China has become not so much the worlds factory better to say that just be the worlds workshop, because of Chinas major commitment to the process, rather than from technical development to the whole process of marketing. In respect of the manufacturing sector as a whole can see that both the proportion of high-end manufacturing products, or are still in developed countries, China is only since the development of a modern knowledge-based economy, can we say truly realize modernization in order to build a modern economy like a power forward. In the long run, China must also be at a high level to participate in international division of labor in order to obtain more benefits. Said that China has becomeShow MoreRelatedImpact Of Globalization On The Chinese Economy Essay883 Words   |  4 PagesGlobalization is an important term that is partially responsible for an economic revolution that took place around the world. Theodore Levitt, a former Harvard Business Review editor, coined the term â€Å"globalization† and used it for the first time in one of his articles in 1983 (Los Angeles Times magazine, 2006). 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