Globalisation: Japan And China’s Economy

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Globalisation: Japan And China’s Economy

Globalisation is currently happening rapidly around the world, aiming to bring different ideologies and infrastructures from various countries and join them together and turn it to be worldwide interconnected. According to The United Nations ESCWA, globalisation is actually not a new phenomenon since it has already emerged in nineteenth century, but it started spreading bit by bit from the World War I until the third quarter of twentieth century and it has been defined in many certain ways such as economic field and social field. Globalisation can be defined as entrenched and enduring patterns of worldwide interconnectedness on physical, normative and symbolic ranges, causing distant happenings and developments and it may bring serious local impact towards affected countries. The original idea of globalisation is not trying to bring the new principles, materials or infrastructures to replace or take over the old one, just embed within more expansive sets of networks and interregional relations power (Held D. & McGrew A. 2003, P.3). Today, the world has been slightly changed by globalisation, and it may keep changing in the future, many countries have benefit from globalisation, but also fall victim to it, therefore it is valuable to explain the effect brought by globalisation with the examples of China and Japan.

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China is actually one of the countries that fall victim to the globalisation, the major issue is unequal distribution of wealth which caused by local inflation, and numbers of other negative effect such as environmental pollution, and family member staying apart in the nation. China is the country that having the largest population size in the world, there are more then eight hundred labour force out of thirteen hundred million total population size currently in the country, ranking number one in labour force in the globe according to the Central Intelligence Agency World Factbook. It is an undeniable fact that China nowadays is the world factory, many international firms are likely to manufacture and produce various variety of goods such as toys, clothes, computers, and vehicles’ parts, but also perform different kinds of outsourcing in China, due its largest number of factory workers, good quality of the products and the low wages of factory worker. Outsource is various business processes in order to achieve a huge variety of business objectives ranging from decrease of cost to invention and business alteration(Mani D., et al, 2010); However, these factory workers not only working with low salary, but also have to work long hours and having no government welfare. The Chinese Government did not increase the lowest wages standard and trying to retain it instead even inflation has happened in the region in order to keep and gain more foreign companies produce goods and perform outsourcing in China.