The affect of globalization on China Literature review

The be active of internationalization on mainland China - Literature review ExampleGlobalization is a significant but not a new economic phenomenon. World Bank throws out that there were three main globalization waves since 1870 where the global economy, capital flow and migration have been increasing dramatic all toldy. China is the fastest growing country among all the develop countries and dominates an important role in the most recent globalization wave. From the enter 1, we can see that the gross domestic product of China has been significantly increasing to an unprecedented rate and the rate has maintained 12% growth per year in the global economic integration decade. The rapid economic growth in China captures the originations attention especially after the economic reform and openness policy in 1978 as the Trade, exports and imports have enormously gone up (Refer to Figure 2). Perhaps like other developing countries, China has been experiencing an increase in economic contrariety accompany with the global economic integration. As shown in figure 3, the Gini coefficient from 1978-2008 presents that the inequality within the country has been highly raised. Growing on the intra-country inequality not only affect the stability of the country, but also hamper the potential economy growth. Moreover, the inequality problem is quite abstruse in China as the wage inequality, uneven income distribution and regional disparity are all needed to take into account when we concern about the economic inequality of a country. The following chapter ordain briefly review the current literature to see what scholars have discovered on this topic and how they press about the story. In chapter 3, the empirical model will be constructed and displays the details of data resource, data exposition and OLS assumptions. Chapter 4 will access the tests for the model to check its validity, and then find out the relationship among the four independent variables and the dep endent variable. Critical analysis about the globalization impact on the inequality in China will also applied in Chapter 4. The conclusion will be move in Chapter 5 to summarize what evidences have been found from