The Advantages And Disadvantages Of Globalization In China
Globalization enhances the development of transport network too. Many infrastructures have been built for transferring services and experts across the world. Some international corporation like DHL, take good use of this advantage and maximize its profits with the benefit under globalization. They further expand its business and increase their national exposures by using their professionals together with their knowledge in transporting routes in worldwide as they are already in the market for many years. Now, they can transport goods and services more speedily and further build up their …show more content…
For example, the American only allows 65000 university graduates over the world to apply for the working pass in US per year. This can protect the local job markets and prevent the developing countries not to have too much loss on skilled labor and maintain its competitiveness.
In order to minimize the pollution caused by globalization, the firms should use environmental friendly machines for production, which can reduce the pollutants produce in production process. For example, firms can add a special installation inside the chimney and make the released waste gas less harmful to the environment. Consumers are more likely to purchase in those ethically corporations. The firms’ concern on environment may then bring more business opportunities to them.
Furthermore, the destroying of cultural heritage caused by globalization can be reduced by rising business concerns. The international firms should run the business together with the protection of culture. For example, Shanghai is a fast growing city but it has retained the valuable cultural heritage. Those cultural heritages attract tourists to visit and bring different opportunities to …show more content…
China's GDP will reach at about 4.32 trillion US dollars during the year of 2020.
After entering into WTO, the GDP of China is recorded 10 billion of RMB and per capital GDP recorded of 1,000 US dollars in 2003. So, China’s overall economy has a sustainable growth and able to continue with the participation in globalization.
In addition, China has taken advantage of low labor cost which can attract foreign investment in technology development and thus, boost the economy. Due to the enormous capital inflow, it brings Chinese economy increasingly integrated with the world economy and also speed up the globalization in China.
After adopting open door policy and entering into WTO, China becomes a strong country no matter in political or economic status. So, it should act as a leader to help developing countries to resist the risk they face under globalization. China government can promote regional cooperation for better risk-resistance ability through strengthening regional economic