THE EFFECT OF INTERNATIONAL TRADE ON THE ECONOMY OF SHANGHAI Essay

THE EFFECT OF INTERNATIONAL TRADE ON THE ECONOMY OF SHANGHAI - Essay Example There has been a positive influence On the GDP of Shanghai and the average growth rate is reported to be in double-digits. The per capita income has also been growing steadily and constantly. The city has developed at an amazing speed and special economic zones and commercial areas have been set up to attract more FDI (Foreign Direct Investment). There are some negative aspects of international trade as well such as environmental problems and greater reliance on international trade and investment. China, the most populous country in the world, has made rapid economic progress in the last couple of decades. The economic progress is largely due to economic reforms and open door policies introduced in 1978 which paved the way for the entry of foreign enterprises and international trade. On a broader perspective, international trade has had a tremendous effect on China. It has expanded the country’s growth and prompted China to target the whole world as a market for its products. Boyer (1998) noted that the rapid development came about due to various factors, including an expansive skilled labor, stability in the political system and a wide range of natural resources. In fact, because of the abundant supply of skilled and semi-skilled labor, China is often referred to as the â€Å"Workshop of the World† (Cui 2007). The reason that China has been selected for this case study is because its international economy has been introduced to the market so late yet, and still it has been able to surpass others who had an earlier presence in the market economy. Since China is a big and expansive country, which will be a challenge in carrying out the research and getting clear results, the paper narrows down its focusto Shanghai, which is the largest city in China. Shanghai has been chosen because it is considered the biggest centre for trade in China and it can well be

History 1311 Essay Example | Topics and Well Written Essays - 500 words

History 1311 - Essay Example The French later came to the new world with the intention of tracing a new route to the pacific ocean but instead ended up colonizing territories such as Quebec where they planted a variety of crops such as wheat and sugar for the home market. However, other European nations most notably England also put a stake in the new world. Their interest, like the Spanish was also both economic and political but the settlers had a more comprehensive list of reasons for exploration. Many of them were escaping the collapsing feudal system that had resulted in rural-urban migration and consequently abject poverty. Others were escaping political instability and hoping to make a fresh start in the colonies. The British throne used the new world a place to dump their unwanted populations; it was common for criminals to be exiled to the new lands. However, with time as the mercantile culture spread in the British lord realized how important the new land could be as a colony where they could grow food for export back home and to their increasing territories around the world. They encouraged settlements and after a time they took over, eventually colonized, and occupied America until they were finally driven out in the 18th century when American seized her independence. In 1787, Delegates met in Philadelphia to write a new constitution, which was to replace the articles of the confederation; the delegates wanted to create a constitution that would provide both liberty and order for the chaotic government given the size and diversity of the United States. The new constitution was written with the objective of forging a strong union between the various states as well as create a structure of power that could be checked by the people. Their experience with the British government had taught them of the dangers or a tyrannical government and they ensured to put up checks and balances so that the executive, legislature and