Globalisation #3 - Impact on China.

China is one of the countries that has undergone globalisation at an amazing speed. This has had both good and bad effects on the Chinese economy.
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An image showing the negative impact of globalisation in China - pollution. This has caused their environment to degrade which also leads to a decrease in their non-material living standards.

An image showing the negative impact of globalisation in China - pollution. This has caused their environment to degrade which also leads to a decrease in their non-material living standards.

Despite having an increasing income inequality in the cities and rural areas of China, thanks to the government's efforts, China's poverty rates had been reduced.

Despite having an increasing income inequality in the cities and rural areas of China, thanks to the government's efforts, China's poverty rates had been reduced.

China has significant increases in international trading and investments flows due to globalisation, which leads to high levels of economic growth.

This helps explain the history and why many products are "made in China." "Made in China" has been prevalent in the past as well as in the modern, digital revolution.

The growth of China's productive capacity and the shift of its production possibility frontier (PPF) would be non-existent if the government did not ease the foreign investment policy.

The growth of China's productive capacity and the shift of its production possibility frontier (PPF) would be non-existent if the government did not ease the foreign investment policy.

China joined the World Trade Organisation (WTO) in 2001, commiting to free trade and the orderly conduct of international transactions between countries. Overall, this has improved the Chinese economy.

China joined the World Trade Organisation (WTO) in commiting to free trade and the orderly conduct of international transactions between countries. Overall, this has improved the Chinese economy.

Ever since the 1800s, the availability of foreign goods throughout China was always increasing, showing us how globalisation had entered the Chinese market since a long time ago.

Ever since the the availability of foreign goods throughout China was always increasing, showing us how globalisation had entered the Chinese market since a long time ago.

There has been a dramatic increase in the volume of trade (exports and imports) between China and the rest of the world as a result of globalisation.

There has been a dramatic increase in the volume of trade (exports and imports) between China and the rest of the world as a result of globalisation.

The many impacts of globalisation on China's economy are explained, from benefits such as their increase of export levels and living standards to costs like environmental degradation.

The many impacts of globalisation on China's economy are explained, from benefits such as their increase of export levels and living standards to costs like environmental degradation.

Along with globalisation, the levels of investment and exports are increased. This accelerates economic growth and thus creates for job for people in China.

Along with globalisation, the levels of investment and exports are increased. This accelerates economic growth and thus creates for job for people in China.

Globalisation has brought many foreign companies/firms into China. Businesses have to be more efficient in order to compete with the many firms. Some government businesses fail to meet such demands and are forced to close down.

Globalisation has brought many foreign companies/firms into China. Businesses have to be more efficient in order to compete with the many firms. Some government businesses fail to meet such demands and are forced to close down.

Because of the increasing job opportunities in the cities of China, many people stream into the cities in hoping to land a job themselves. This has caused a serious worry to the government as the number is overwhelming.

Because of the increasing job opportunities in the cities of China, many people stream into the cities in hoping to land a job themselves. This has caused a serious worry to the government as the number is overwhelming.

Many manufacturing products and sweatshops operate in China, as they have a lower labour cost. This results in a terrible environmental pollution.

Jack Simkins - Pollution - Chemical dyes polluting rivers leading into the sea outside of clothing factories.

Although globalisation benefits China, the country's inequality is increasing. Better living standards does not exist to the poorer citizens in China.

Although globalisation benefits China, the country's inequality is increasing. Better living standards does not exist to the poorer citizens in China.

Despite having improved their efficiency and competitiveness, they have room for improvement, in order to compete with the rest of the world.

Despite having improved their efficiency and competitiveness, they have room for improvement, in order to compete with the rest of the world.

China has reduced its trade barriers, opening up to foreign investments and international trade as a result of the globalisation trend, joining WTO. This caused their export level to increase dramatically.

China has reduced its trade barriers, opening up to foreign investments and international trade as a result of the globalisation trend, joining WTO. This caused their export level to increase dramatically.

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