Your assignment is to prepare and submit a paper on modernizing and developing china.

Your assignment is to prepare and submit a paper on modernizing and developing china. Few countries have grown as quickly as China is now doing. For many nations, the economic set back of 2008-09, knocked years off of their economic programs. It was a testament to Chinas power and resilience that they were not especially hard hit by the global economic crisis. These problems, however, showed how interconnected China had become with the rest of the world. Globalization is used to describe the transition of people, their knowledge, ideas, and global imports and exports. Through globalization, people have become connected economically, politically, socially, and culturally. When people think of the concept “globalization,” they think of economic globalization or the global marketplace, and its impact, especially on businesses. Although Globalization can have a potentially negative impact, such as terrorism, it has resulted in economic growth as a result of rising profits from exporting goods and services to other countries, such as China and other developing economies. It has done an incredible amount to increase business productivity and trade and make many people richer. One of the founding economic theorists of globalization is David Ricardo who focused on distributing income among landowners and workers.

We can see the effected in China quite clearly. The modern Chinese, for example, have begun to become Americanized. For example, they have begun actively buying and selling in the stock market in an ordinary building on the Nan Dan Dong Road. Their buying is fierce and competitive as they wave wads of cash, similar to the buying culture of Americans. The Shanghainese fierce stock-market trading began in 1986. At that time buyers were chanting orders for buying the product called glister. The product called glister is a popular toothpaste brand in Shanghai.&nbsp.