China continues to prosper and grow

Assignment Help Management Theories
Reference no: EM13307675

What you think about it: China continues to prosper and grow and in many ways they are eclipsing the US.

Considering the stagnant US economy (job and housing markets, the Federal debt, etc...), would you consider sacrificing some freedoms (such as where you can live, what you can read, where you can work, etc...) if it meant increasing career opportunity and wages? Provide your insights based on the text, your readings and research - post should include citations. 

What you think of  response: She said: I will not consider sacrificing my freedoms as a human being in order to have the opportunity for better capital and job opportunities. I strongly believe in the freedom choice and speech. China and other countries do not hold their own freedom where as we do in the United States. Although China might be in the lead of us in many things economically, they do not have the same rights as us. China as well as other countries like Cuba or North Korea works through the centrally planned economy where a their nations land, factories, and many other economic resources are all owned by the government. The government is entitled to making all of the economic related decisions like who produces what, prices of products, labor, and capital. "Their goal is to achieve a wide range of political, social, and economic objectives by taking control over the production and distribution of a nations resources." (Economics Emerging Markets, pg 112). Here in America we value the different cultures, religions, foods, etc. It's very important for a country to upraise these values because it's something that will help succeed in the long run. Many people migrate to the U.S. because of the freedom of choice that we have here and the opportunities offered to the people without having to sacrifice their culture, freedom of speech, choice, etc. It's an amazing thing to know that you can get up and make your own decision in order to work and provide for your family without have to risk a lifestyle. This is a great example that not having the freedom of choice isn't the best as stated in (Economics Emerging Markets,pg 113) "North Korea, once again, provides us with a good example. Each year for a decade until 1999, the North Korean economy contracted. Out of desperation, the country's leaders quietly allowed limited free market reforms and small bazaars soon dotted the countryside. Street- corner currency exchanges sprang up to help facilitate a tiny but growing trade with bordering Chinese merchants. Impoverished North Koreans could buy mobile phones and found hope for a better life in DVDs of South Korean soap operas."

What you think of Lisa Mason response: I personally would not want to sacrifice freedoms such as where I can live, work or what I want to do with my leisure time (what to read, watch, etc). I understand that countries such as China are continuing to prosper and grow but at what sacrifice to employee lifestyles and overall social wellbeing? Like the majority of people, of course I want the ability to have a better career opportunity and wage, but rather than be "forced" to give up something, I choose to go to school and better my knowledge in order to open the doors to career opportunities and wages. Also, jobs and a prospering economy are not set in stone nor also guaranteed to be fruitful; you can be fired, laid-off or the markets around the world can and will influence a country's economy.

When observing the Level of Economic Freedom we see that the US has an 80-100% economic freedom while China is only 50-59% free (Wild & Wild 102-121).  The US operates a market economy that practices in free choice, free enterprise and price flexibility with the government have little involvement in business activities other than to enact and enforce laws and regulations. China on the other hand practices in "socialist economy with Chinese characteristics. There is possibly no country on earth that has done more for its people economically over the past two decades than China. The country's immense population, rising incomes, and expanding opportunities" (Wild & Wild 116). Even though China is seeming to prosper and grow, according to the article associated with this week's material (although the title and info contradict each other), predicted that China's industrial output growth was to slow from 13% in 2011 to 11% in 2012 due to uncertain global economy (China). Our text also states that China faces issues and challenges such as political and social problems and unemployment. "Intensified competition and the entry of international companies into China are placing greater emphasis on efficiency and the cutting of pay rolls in some industries. But the biggest contributor to the unemployed ...is the hundreds of thousands of workers have left their farms and now go from city to city searching for better-paying factory work or construction jobs (Wild & Wild 115)."  It can also be worth noting that China has one of world's highest suicide rates, mainly among its women being forbidden to bare more than one child. Growth and prosper in many areas but at what cost to its people?

 

 

Reference no: EM13307675

Questions Cloud

Determine how much butane would be needed to burn : You have a contaminated air stream containing 1000 ppmV of toluene and you decided to incinerate to a DRE of 99.9%. You are using butane as fuel to reach the temperature and consider the lean toluene has no heating value.
Write a program that reads an integer : Write a program that reads an integer, n, and prints each of its digits from left to right, as an English word.
What is the free fall acceleration : Planet Z is 1.00x10^4 km in diameter. The free fall acceleration on Planet Z is 5.00 m/s^2. What is the free fall acceleration
Check the division performed at the reciever : Using the CRC polynomial 1011, compute the CRC code word for the information word, 1011001. Check the division performed at the reciever.
China continues to prosper and grow : What you think about it: China continues to prosper and grow and in many ways they are eclipsing the US.
Find the ratio of the thermal wavelength to the atom spacing : Estimate the particle density necessary for bose-Einstein condensation of a hydrogen gas to occur at 100 nK. find the ratio of the thermal wavelength to the atom spacing
How many hosts can the classful network 109.0.0.0 support : Using the default mask, how many hosts can the classful network 109.0.0.0 support?
Write a method that accepts a stringbuilder object : Write a method that accepts a StringBuilder object as an argument and converts all occurrences of the lowercase letter ‘t' in the object to uppercase.
Write a method that accepts a reference to a string object : Write a method that accepts a reference to a String object as an argument and returns true if the argument ends with the substring ".com". Otherwise, the method should return false.

Reviews

Write a Review

Management Theories Questions & Answers

  How do advertisers try to use group influence

How do advertisers try to use group influence?  Will you find any specific examples and explain the relevant theory of group behavior and influence?

  Opportunity to discuss the type of curriculum

The purpose of this assignment is to give you the opportunity to discuss the type of curriculum you would provide for young children in a group care situation.

  An analysis of the financial implications of global partners

1.)An analysis of the financial implications of global partnerships and globalization to public organizations. In your analysis, identify and provide specific evidence of positive or negative impacts on the organization.

  Literature on representative bureaucracy

Review and analyze the literature on Representative Bureaucracy. Present arguments for and against the importance and contributions of a representative bureaucracy. Use Chicago Manual Style 16th edition for this assignment.

  Explain strategic asset management

What do you mean by the term strategic asset management(SAM)? Is SAM in private sector vary from that of the of the Private sector and why?

  Declined due to the icarus paradox

Identify a company that has been successful and then declined due to the Icarus paradox.

  Develop computer-based applications to gain a competitive

Suppose you are a manager being asked to develop computer-based applications to gain a competitive advantage in an important market for your company.What reservations might you have about doing so?why?

  Individual case preparation lego

Individual case preparation Lego:

  Personal protective equipment

Complete the activity on page 250 and determine the proper response to the needs for personal protective equipment and how to protect workers in confined spaces.

  Case for critical analysis empress luxury lines

Compare and contrast the two businesses-core business, their size, financials, global presence, use of e-business and compare and contrast their outcomes

  Knowledge management practices

knowledge management practices

  The three job hazards

Develop an Incident Action Plan based on the three job hazards

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd