Globalisation in China Assignment Example | Topics and Well Written Essays - 4000 words

globalisation in china - Assignment ExampleFrom this study it is clear that the developing countries are said to be beneficial from the foreign trade as they undertake technological innovation in the process of competing with the genuine countries. The trade driven globalization process has created new opportunities for many countries due to poverty reduction and profit 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. on that point 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 mainland 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 boun d 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 later on the United States and Germany.