The contemporary dilemma that China is facing on the issue of globalisation.

The Contemporary Dilemma that China is Facing on the Issue of Globalization

Introduction

A new feature of the recent globalization drive is the wider involvement of people and economies in global economic exchange Additionally , economic actions are no longer limited to national economies and regions but can - and are even obliged to - cover global markets as well . The future of globalization will be characterized by ever-increasing globalized trade and financial markets Thus , globalization will , on the one hand establish its own inherent new rules and , on the other demand for

the establishment of an international regulative framework . In achieving the establishment of a rules-based global economy , globalization will finally lead to a more effective participation of all players of the global markets . The very rapid economic growth of China , its dramatic success in world export markets and its heavy receipts of foreign direct investment (FDI ) have generated much thought and debate in policy and business circles in different parts of the world . From Malaysia to Mexico and from Indonesia to India the simple `threat or opportunity ' question has been posed in relation to the rise of China . Given the impact of geography on trade and investment patterns , such concerns have been greatest amongst China 's most immediate neighbors . The study examines the issues on globalizations that the Chinese government has been facing for the past few years . The study involves the detailed account of who , what , when and where of these issues , and the resolutions that have been applied

Discussion

Relationship between Globalization and the Problem of China

Cultural globalization was first put forward as an important issue in the 1980 , during a debate on China 's status in the contemporary world It began with an article published in 1987 warning that unless China were to speed up its reform process , the country would likely be left behind again in the new postindustrial era Should this occur , China would eventually lose its membership in the emerging global village (qiuji in Chinese , or global membership . The article immediately caught the attention of the mass media and led to a discussion of global membership in academic and other elite circles . Underlying the discussion was an urgent call for a more radical reform and greater openness in (Chinese society , as well as a strong pro-West tendency calling for Western culture to be introduced more aggressively into Chinese society (or learning from the West , as some advocates bluntly put it . Since the early 1990s , the issue of globalization has once again become a focus of debate between two opposing groups . According to liberal intellectuals and reformers in official circles , globalization is a new stage in the modernization process , and a developmental opportunity that China cannot afford to miss . Sonic maintain that globalization can bring permanent peace to the world , eliminate the inequalities between the devdoped and developing countries , and lead to further development and prosperity . Others argue that cultural globalization will spread universal values , such as freedom , democracy and human rights to Chinese society...