China and Globalization Essay

chinas rapid ascent as 1 of the worlds fastest- exploitation economies (Adornino &type A Wilcox, 96) has triggered enormous attention among scholars interested non only in the political, scotchal and affable underpinnings of its continued ontogeny however excessively in the implications of its increased consolidation with the global delivery. Indeed, an examination of the bizarre characteristic of Chinas maturation and transition from a planned, centralized rescue based on the socialist political orientation to the liberal, open-market economy it is instantly strengthens the arguments in support of globalization.On the different hand, the impact of its liberalization and democratization on Chinas poor also presents a critical view on the trade-offs of global consolidation. The stage for Chinas accession into the global economy was clearly set by the transition from a closed, relatively self-sufficient economy which was crystallized in the post-Mao era under Deng Xiaopings leadership in the Chinese Communist fellowship. In the latterly 1970s, the Party began instituting domestic economic and social rectifys mirroring its abandonment of the socialist economy and ideology in favor of neoliberal economics.(Adormino & Wilcox 96) Among the major reforms undertaken was the development and democratization of trade and markets, effectively allowing un masterled private ownership to the inwardness of production, heretofore owned publicly, and the shift from a planned economy to a market-oriented free trading remains. (Guan, 2001118) Likewise, the Chinese government reduced state control and intervention in economic activities as it began to adopt an Open doorstep policy to attract foreign direct investment and facilitate the growth of Chinas international trade.Thus, China became part of the global economy after economic liberalization and democratization. On the other hand, the agriculturals desegregation into the neoliberal world econom ic order has also been the heart-to-heart of much criticism. Guan (2000) notes that the implementation of market reforms and Chinas consequent integration drastically changed not only the countrys economic system but also important aspects of its social policy. (119) As a moderate of the shift to a free market economy, the conveys social function in the provision of welfare and security for its citizens significantly diminished.For instance, food and wrong subsidies hold in been stopped and the poor are faced with the risks of unemployment. Likewise, Guan (2001) asserts that widening social inequality has also characterized modern China despite sustained economic growth and efforts at reforming social policy to provide safety nets for labor, agriculture, and other poor sectors. (243) Undoubtedly, knowledge of both the negative and positive aspects of liberalization informs the Chinese governments attitude toward global economic integration.This is evident in the manner by whic h the state has controlled the pace of Chinas integration with the international economy in order to preserve social stability. (Adornino & Wilcox, 97 Yong & Moore, 117) However, Yong and Moore (2004) attribute the States waryness of completely and entirely embracing globalization to its fear of the inherent weaknesses and vulnerabilities of a globalized system that could impale Chinas strategic outlook as an aspiring spacious power. (117) China is thus effectively hindered from fully associating itself with the global economy payable to its political identity as a socialist country and to the concomitant that the market reform has resulted into the further fragmentation of interests in Chinese society. Thus, it is in the most ironic sense that, as Adornino and Wilcox (2006) observe, the Chinese Communist Party legitimizes its rule and power through a flourishing capitalist economy.(100) The State is therefore careful of rushing headlong into a fully open, liberalized cou ntry since this would entail the further erosion of its power as market reforms have increasingly devolved decision-making powers to producers and enterprise managers. (Adornino & Wilcox, 100) The further diffussion and decentralization of power threatens not only the leadership of the Chinese Communist Party but also endangers the country to social instability as the needs of its citizens become increasingly diverse and at the very(prenominal) time polarized between those benefitting from the market reform and those who have lost much because of it.(Adornino & Wilcox, 100) Chinas have got in globalization is arguably unique due to the governments ambivalence in adopting a clearly Capitalist stance and ideology and the pressure created by the need for social equality. Chinas integration to the global market is hampered by internal difficulties in aligning non-homogeneous political and economic interests. On the one hand, Chinas economic restructuring has created a rapidly growing and expanding market and trading system incorporated with the international economy.On the other hand, its government has to precariously balance competing interests in social and domestic policy, resolve the problems in social inequality, and at the same time reduce its involvement in economic activities as demanded by the free market economy. Thus, while the benefits of Chinas rapidly growing economy is obvious for the elite, the host of political and social problems created in its perk up also makes the majority of the Chinese people bear the brunt of the development from a clearly socialist path into an ambivalent capitalist society. Works Cited Adormino, Giovanni and Wilcox, Russel G.China Between Social Stability and Market Integration. China & manhood Economy 14. 3(2006)95-108. Guan, Xin Ping. Chinas Social form _or_ system of government Reform and suppuration in the Context of Marketization and Globalization. Social indemnity and Administration 34. 1(2000)1 15-130. Guan, Xinping. Globalization, Inequality, and Social Policy China on the Treshold of Entry into the World Trade Organization. Social Policy and Administration 35. 3(2001)242-257. Yong, Deng and Moore, Thomas G. China Views Globalization Toward a New large(p) Power Politics? The Washington Quarterly 27. 3(2004)117-136.