China’s modern day identity becomes much clearer and relatable …show more content…
Although the amount of people per year is significant, the growth rate has been slowed down due to government intervention in order to avoid a huge population explosion in the country. The government has limited the amount of children to one per family and if a family has more than one child they can be paying significant penalties to the government in order to pay for the additional child.
As China’s population increases it will put significant more pressure on food, infrastructure, education, energy resources, housing, and incomes. Every person will have to compete for the same amount of resources available. This will restrict economic and social development, and each person’s standard of living will be impacted. In the case study it discusses that the “iron rice bowl’ had to decrease since it provided the benefits of life time employment housing, education and a multitude of other benefits. The country is no longer able to provide the same amount of benefits to a larger amount of …show more content…
First the LDC has to have a government that must be stable with strong economic policies, and political consensus between the governing legislations. It is very helpful to have a president/leader with good credentials and is able to lead both the government and the citizens of the nation. Many of the LDC’s have governments that are ran by dictators and have very fragmented political systems. In many cases, the government is so corrupt at all levels that a central government is impossible to