Extra credit blog: China and globalization : Kim minjun
Globalization is a phenomenon that has far-reaching implications for China, which has various consequences for its economy, society, and politics. First, one of the main benefits that globalization provides to China is economic growth. With international trade and foreign investment, China has grown rapidly and emerged as a major economy in the global economy. In particular, the development of the export industry has significantly increased China's GDP, which has had a positive impact on domestic productivity and job creation. These economic growths have helped improve the lives of the poor in China. As many people look for employment opportunities and their incomes increase, China has emerged as one of the main beneficiaries of the global economy. But this economic prosperity has created an imbalance, widening the income gap between urban and rural areas and between high and low income groups. In addition, globalization has provided China with opportunities for modernization and ...