The paper "Analysis of China’ s Growth" is a good example of a macro & microeconomics case study. In recent years, China has experienced rapid growth especially in terms of economy. This rapid growth is associated with clear policies and structures of the government to promote business activities. These rapid changes have led to improved living standards by reducing poverty levels. From the researches which have been conducted, it is evident that this rapid growth is associated with context and prevailing circumstances in China. These growth strategies and policies are as a result of the internal prevailing conditions of the country.
However, there are those who argue that the growth of China is not only associated with internal prevailing circumstances but also with the external conditions (Mahtaney 2010). This essay will discuss the circumstances that have led to the growth strategies and policies of China. It will also discuss the argument about the external factors that determine policies and the growth of China. The growth of China has influenced various economies in the world by providing a market for its products and also as a source of raw materials for other industries.
The growth strategies of China have enabled the country to sustain its huge population. To begin with, the first context that determines the growth strategies and policies of China is the political stability of the country. For any economy to grow there has to be political stability. Economic activities like farming can only succeed when there is stability in the country so that people will settle down and conduct some businesses and do some farming (Cheung 2007). China for a long time now has experienced stability and many citizens have practiced various economic activities like agriculture and mining.
Political stability is good for the government of China to design policies and strategies of growth for instance by allocating various funds to various projects like Agriculture and industrial production to boost the economy. The context in the health sector also influences the policies and strategies of growth. The government of any country might be interested in safeguarding the health of the people so that they can be productive to the country (Cheng 2002).
Cai, Y. (2010). China’s Below-Replacement Fertility: Government Policy or
Socioeconomic Development, Population and Development Review, Vol. 36, No. 3, pp. 419-40.
Chen, Z & Zhou, Y. (2005). Income Distribution During System Reform and
Economic Development in China. Commack, NY: Nova Science Publishers.
Cheng, S. (2002). Studies on Economic Reform and Development in China.
New York: Oxford University Press.
Cheung, Y. (2007). The economic integration of Greater China: real and financial linkages
and the prospects for currency union. Hong Kong: Hong Kong University Press.
Day, K. A. (2005). China's environment and the challenge of sustainable
development. . Armonk, N.Y.: M.E. Sharpe.
Fung, H., Pei, C. & Zhang, H. (2006). China and the challenge of economic globalization:
the impact of WTO membership, Armonk, N.Y. M.E. Sharpe
Howe, C., Kueh, Y. & Ash, R. (2003). China's economic reform: a study with
documents. London: Routledge Curzon.
Mahtaney, P. (2010). India, China and globalization: Emerging superpowers and the future
Of economic development. Singapore: Palgrave/Institute of Southeast Asian Studies.
Lloyd, P. (2001). China in the global economy. . Northampton: Edward Elgar Publishing.
Zhang, K. (2006). China as the world factory, Routledge studies in the growth economies
of Asia. New York: Routledge.