Compose a 4000 words essay on Globalisation in China. Needs to be plagiarism free!
From this study it is clear that the developing countries are said to be beneficial from the international trade as they undertake technological innovation in the process of competing with the developed countries. The trade driven globalization process has created new opportunities for many countries due to poverty reduction and increase in economic growth. However, despite all the advantages of globalization there are certain disadvantages of globalization such as the domestic firms lose their power in the local market with the emergence of foreign competition. There has been integration among the nations that is both qualitative as well as quantitative integration in the international trading system. However, globalisation has offered a lot of opportunities in China. As the paper outlines the globalisation in China has led to an increase in FDI and foreign trade that has further raised the opportunity of FDI inflow and outflow in China. The countrys dependence on foreign trade has increased rapidly and China started participating in international trade due to the exchange of goods and services. As a result of globalisation, China has received a lot of fund for carrying out the production activities and there has been technological development as well as establishing new industries. The study suggests that China has become the third largest trading nation after the United States and Germany. .
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