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Assignment on Contemporary Chinas Government

   

Added on  2022-08-30

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Running head: CONTEMPORARY CHINA’S GOVERNMENT:A LESSON FOR DEVELPOING
COUNTRIES
CONTEMPORARY CHINA’S GOVERNMENT: A LESSON
FOR DEVELOPING COUNTRIES
Name of the student:
Name of the university:
Author Note:
Assignment on Contemporary Chinas Government_1
1CONTEMPORARY CHINA’S GOVERNMENT:A LESSON FOR DEVELPOING COUNTRIES
Introduction
For countries to experience rapid economic growth, they need to educate citizens and
social and employ new technologies. The development of human societies requires a change
in the political framework of the nation through its citizens and government policies. The
paper presents how China is considered as an economy with a different political ideology is
used as a tool to help the OECD countries in re-framing their political framework. It
discusses the nature of OCED countries and their present scenario along with the political
revolution of China. The paper also focuses on how the solutions are taken from the Chinese
government with the Chinese values implemented in the actions of ruling a nation can bring
economic development in a democratic country.
Discussion
OECD Countries
The Organization for Economic Cooperation and Development is a combination of 35
nations with a goal to the economic welfare of its member countries. The association body
compares policies, seek solutions to global problems and also help the under-developed
economies around the globe through its provision of statistical data on the economic
functioning of its member nations. The various members of OECD are United Kingdom,
Austria, Belgium, Germany, and United States along with other countries accounting on
overall 63 per cent of GDP globally with three-quarters of world trade, fifty per cent of
world’s energy consumption and 18 per cent of the world’s population.
Present scenario of OECD countries
The OECD countries, however, are indicating low economic development in certain
areas like employment and equal distribution of income and wealth. On average in 2017,
8.1% of young workers falling in age category below 30 were under-employed while older
workers above 30 and below 60 with 4.9% being under-employed. There is inequality found
in employment structure accounting to 7.9% of female workers across the OECD were under-
employed compared with only 3.2% of males in 2017 (Cingano 2014). Child poverty has
been increased more than fifty per cent in OECD countries since the early 1990s where one
child out of seven lives reside in poverty in poor households leading to child labour and
hazardous operations by children. The increasing trade conflicts between the United States
and China has created risks in financial markets with the economic growth amounting to
Assignment on Contemporary Chinas Government_2
2CONTEMPORARY CHINA’S GOVERNMENT:A LESSON FOR DEVELPOING COUNTRIES
2.9% in 2019 and estimated 3% in 2020 - the weakest annual growth rate recorded (Oecd.org,
2019). The climate change in terms of global warming and the changing business models due
to digitalisation with political tensions across the geographical borders are affecting global
GDP growth in the coming years. There is a high level of corporate debt in the countries too.
Reason for which OECD countries should follow China’s footsteps in bringing economic
development from a political perspective
China’s growth is declining but is stagnant in terms of international trade contributing
about a quarter of global growth. Despite the sales growth going down in recent months,
Apple and other multinational companies in China continue to be the world’s best revenue
earning companies. Even though due to trade conflicts with the USA there is reduced trade
revenue, however, the consumption contributed to more than 60 per cent of the country’s
GDP making China the largest consumer market in the world. China can be an influence on
other developing economies through its policies on trade, investment, and ideas (Woetzel et
al., 2018). The OECD countries have shown a reduction in their economic growth due to high
unemployment ratios accompanied by migration, poverty and income equality. The main
reason behind this is a faulty governance structure. The creation of stable political institutions
are required to bring economic growth in the first place; otherwise, their absence will evoke
conflict, violence, and poverty (Fukyuma, n.d., pp.317–360).
The Political Revolution of China (Brief)
China has considered collective membership of individuals at all levels from peasants
to upper class in politics rather than a claim to individual. The political rights in China were a
grant given by the nation to its citizens in order to make them contribute their energies as per
the needs of the nation (Perry, 2020). Since the 1990s, China’s economic reform has been of
vengeance. The government of China, however, aims to make the nation into a prosperous
society at a moderate level by 2020 (Mitter, 2008, pp.40–102). China created a centralised
bureaucracy with civil service examination system to select government officials. However,
this bureaucracy imposed land taxes on peasants and strict measure for promotion of
commerce which brought protests from peasants, bringing the era of Mao (Perry, 2020). The
nation was strong enough to be highly tyrannical in confiscating the property of its elites
through high taxes. Mao being as a firm believer of mass participation said decisions must be
taken from the mass and be supplied to the mass in any political scenario. He believed that
Assignment on Contemporary Chinas Government_3

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