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Global Economic Superpower Assignment

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Added on  2021-03-18

Global Economic Superpower Assignment

   Added on 2021-03-18

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China’s Rise to Global Economic SuperpowerEC4005 – THE FONDEMENTALS F ECONOMIC UNIVERSITY OF CENTRAL LANCASHIRE, CYPRUS SCHOOL OF BUSINESS AND MANAGEMENT MBA COURSE 2020-2102/11/2020TABLE OF CONTENTS
Global Economic Superpower Assignment_1
Table of Contents-------------------------------------------------------------------------------------------- 2Introduction--------------------------------------------------------------------------------------------------- 3Chinas rise to Global Economic Superpower------------------------------------------------------------ 3Chinas Comparative Advantage--------------------------------------------------------------------------- 4Prospects and Challenges Faced--------------------------------------------------------------------------- 6Conclusion---------------------------------------------------------------------------------------------------- 8References---------------------------------------------------------------------------------------------------- 9WORDS: 1840INTRODUCTION2pg.
Global Economic Superpower Assignment_2
The fast advancement of China's economy in the course of the most recent couple of years has pulled in much attention. Numerous countries, firms, and opinionleaders look in stunningness and envy at these turns of events, especially while understanding that China is as of now the most populated country on earth and the second-largest economy striving towards rectification for purchasing power. Ideally China's fiscal growth would not have been conceivable without opening up to the world economy and utilizing foreign knowledge, either directly or by indirectly. This essay describes china’s rise towards being a global economic superpower it links successful integration to economic globalization. Moreover, it evaluates china’s comparative advantage in international trade. Finally, it explains the prospects and challenges faced by the country to maintain its comparative advantage in the future.GLOBAL ECONOMIC SUPERPOWER China has become a global economic superpower. It has the second biggest national economy and is the second biggest exporter. It has by a wide margin the world’s largest current record surplus and foreign exchange reserves. Growth arrived at a midpoint of 10% in the past 30 years, the most astounding record ever. China is the biggest country in terms of residents of which is approximately 1.4 billion. This makes it a good candidate for cheap labor and low manufacturing cost. Due to that China attracts foreign investment that has decreased poverty in the country. The real GDP in 2018 was about 13 times the level in 2005 reaching 13.61 trillion USD, and as yet rising. China plays a major role in terms of globalization; it is adopting the western approach as their strategy to improve a high economic growth through develop into an efficient participant of globalization.Each province in this world is directly and indirectly affected by globalization. Globalization relies on international associations between different countries that promotes political, social, and economic interactions. It is a process of integration and interaction among different nations that is based on the flow knowledge and benefits. They can exceed their geographical limit. The goods and services which are generated by one nation can be devoured all over the world. It is a structure which connectes different countries to improve worldwide economy. It convies possibilities and benefits to the parties involved, however it relies on the mode of action of the country adopting it. The benefits of globalization are seized by many nationssimilarly like china. They a3pg.
Global Economic Superpower Assignment_3

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