international convergence (2 Viewers)

[felixcthecat]

hmm, just wondering if anyone kno maybe how i could link 'international convergence' with my China globalisation assignment? i kno wut the term means, just don't kno how i may be able to link it with the case study, besides from the fact of demonstrating MAYBE a slight syncrohisation of the global business cycle.. though i'm not too sure about what i'm saying is rite.. (just came up to me!)
thanx!

 

[Sparcod]

hmm, just wondering if anyone kno maybe how i could link 'international convergence' with my China globalisation assignment? i kno wut the term means, just don't kno how i may be able to link it with the case study, besides from the fact of demonstrating MAYBE a slight syncrohisation of the global business cycle.. though i'm not too sure about what i'm saying is rite.. (just came up to me!)
thanx!

Convergence means joining together,becoming one.
International Convergence: The trend of which economic systems converge, as a result of globalisation, to become capitalist market economies.

This trend was most noted when socialist governments of Europe collapsed late last century becoming capitalist.


China is moving from planned, socialist and planned to a capitalist economy byestablishing economic zones within the country and encouraging foreign trade and investment. 'open-door policy'. They also relaxed labour and tax laws to invite FDI. Many state-owned businesses have been privatised. That's how they are moving to a free-market, capitalist, western market (whateva..) economy.

 

[felixcthecat]

Convergence means joining together,becoming one.
International Convergence: The trend of which economic systems converge, as a result of globalisation, to become capitalist market economies.

This trend was most noted when socialist governments of Europe collapsed late last century becoming capitalist.


China is moving from planned, socialist and planned to a capitalist economy byestablishing economic zones within the country and encouraging foreign trade and investment. 'open-door policy'. They also relaxed labour and tax laws to invite FDI. Many state-owned businesses have been privatised. That's how they are moving to a free-market, capitalist, western market (whateva..) economy.

omg.. ahhh, i just typed everything and the website somehow didn't load and now i hav to type allll over again..............

well as i was saying..well lets just make it short, i understand now!! thanx!

 

[mitsui]

is china moving towards a capitalist economy??
i recall it still being a dual economy
where the market is open for FDI and everything
but the gov still owns the infrastructure etc.

 

[felixcthecat]

capitalist? dual? waitwait.. is this all in topic 1? y dun i recall learning anything like that.. unless it was last yr... which i still don't remember learning dual economy..but ur description makes it sound rite =Z

 

[mitsui]

china is LDC, a dual economy becoz it is now open to FDI but it is still a communist government wif the gov. ownership of infrastructure (e.g bank)

 

[felixcthecat]

hmm i guess i learned something new today =)

 

[mitsui]

um that came from a note in class = 50% reliability

 

[felixcthecat]

lolz alriteee ^^''

 

[Demandred]

china is LDC, a dual economy becoz it is now open to FDI but it is still a communist government wif the gov. ownership of infrastructure (e.g bank)

I'd becareful with the term 'duel economy'. In a nut shell a duel economy is a phenomenon where urban centres are flooded with workers from the country side, destroying the agricultural sector and creating a urban cesspool.

A "mixed economy" or "command economy" are perhaps a better term.

 

[felixcthecat]

I'd becareful with the term 'duel economy'. In a nut shell a duel economy is a phenomenon where urban centres are flooded with workers from the country side, destroying the agricultural sector and creating a urban cesspool.

A "mixed economy" or "command economy" are perhaps a better term.

hmm, from your first point, i guess it's pretty obvious that China isn't experiencing much of that now as the government limits rural/urban migration.. i think i read that somewhere.. heh

 

[mitsui]

lol. is duel a typo?
coz i typed "dual"
but i probably wont mention it (i swear it is on my economic notes)..