Shang-Jin Wei Developing countries worry that opening up to trade with the rest of the world may make the poor poorer and the rich richer, with China sometimes cited as an example of growing income inequality.
The Costs of Globalization in China By: Charly Jaffe March 15, Globalization has clearly done a great deal for China. This resulted in unprecedented growth and allowed hundreds of millions of people to escape from poverty. That being said, however, the country still faces an abundance of challenges: China has achieved impressive progress thanks to its economic liberalization, but this advancement has certainly come at a cost.
Try as it might, the Chinese Communist Party CCP cannot reap the economic benefits of globalization while simultaneously isolating its citizens from new cultural, religious, and political traditions.
Fancying itself as an alternative to the Washington Consensus, the CCP has repeatedly denounced Western culture, citing it as a threat to Chinese society. A particularly interesting illustration of this change is the somewhat contradictory relationship between Chinese society and Western culture.
While the CCP does not reflect the views of the general public, I have noticed a general sense of cultural superiority amongst the Chinese people. At the same time, however, there is a puzzling idealization of certain aspects of Western culture. China has a very long collective memory, and the historical basis for its sense of Sino superiority dates far back into the age of the emperors.
Many point to the host of technological and intellectual advancements that originated in China, and the fact that foreign invaders adapted to the Chinese culture rather than imposing their own, is used as evidence for Sino superiority.
For instance, there was one student who, until he traveled abroad, legitimately believed that the entire world considered Mao Zedong to be the most renowned figure in human history.
Looking at the world maps in my classrooms, I noticed that the alignment is different; on Chinese maps, China sits in the very center. The Chinese public subscribes to a sense of self-appreciation that is implicitly agreed upon yet rarely vocalized.
While this attitude is widespread, many aspects of Western culture are idealized as symbols of status and beauty. As I walked through my local mall, which caters primarily to Chinese customers, I noticed that the majority of advertisements, both for foreign and local stores, featured Western models.
Even the ads that depicted Asian models mirrored Western facial features: Less than a week later, I received an email offering part-time employment to male and female foreigners.
I talked to some friends and Chinese students about the offer, but no one seemed surprised. They told me that large eyes, light skin, and a pronounced bridge of the nose were considered beautiful by Chinese standards. These were the features common among Chinese celebrities and models, yet it still seemed a bit odd to me.
Chinese culture is generally a much bigger fan of itself than it is of the West, but it simultaneously assesses beauty according to Western norms.China has transformed itself from the world’s greatest opponent of globalization, and greatest disrupter of the global institutions we created, into a committed member of those institutions and advocate of globalization.
Just as globalization has limited the utility of the old methods of empire building, China is emerging with a new model.
Tweet China has become the unintended winner of the limits of the United States' free market ideology. Globalization has changed everything for most countries and China may be have received the greatest benefit from those changes.
With the reduction of trade barriers and the free flow of capital, China was permitted to become the manufacturing base for most of Asia, Europe, and, particularly, the USA. China has achieved impressive progress thanks to its economic liberalization, but this advancement has certainly come at a cost.
Try as it might, the Chinese Communist Party (CCP) cannot reap the economic benefits of globalization while simultaneously isolating its citizens from new cultural, religious, and political traditions.
How has China been affected by globalization. of economic reforms that embraced globalization (Bijian, ). Deng Xiaoping and other Chinese leaders believed that to further China's development, participation in an open global economy would be crucial to its survival (Chow, ) During the three decades since these reforms China's political.
The negative effect of globalization is more as compare with its positive effects.
I going to explain the negative effect of globalization. Due to globalization the following point has been arises in china.