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In: Economics

(150 words-300 words) Why China managed to attain a progress called “development Miracle” and evidence reveal...

(150 words-300 words)

Why China managed to attain a progress called “development Miracle” and evidence reveal globalization is not the only factor that helped China. Discuss your arguments?

Solutions

Expert Solution

The following factors explains clearly the reason behind development miracle of China.
And it is true that globalisation is not only the factor of the development there are other factors:
1 Chinese economy focused on the Industrial development.
2 Theyfollow the policy of systematic development in the area of domestic industrial units.
3 Chines economy depends on the self-development policies.
4 Them purpose of industrial units in china is to improve the conditions of global scenario by proper study and proper analysis.
5 They focused on the upcoming requirements of the nation.
6 They focused on the upcoming global requirements.
7 They are very frequent in the development of the nation wise industrial set up.
8 Theirindustrial units are very flexible it means their units are depends on the dynamic environment.
9 Their way of working is highly labour centric with the help of the technological efficiency.
10 Their foreign investment policies are also very effective in the development of the overseas units and domestic trend.
11 They give freedom and liberalisation to the industrial units regarding the development.
12 Their financial positioning and financial holding is also very effective in the concerned areas.


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