In: Economics
Discuss the trend of de-globilazation and nationalism among the world in recent years, and what china should do to cope with this situations?
The trend of globalisation means to enhance the production
capacity of the domestic industries and to promote domestic
Industries within the domestic Territory of the economy; this is a
policy which is inspired by nationalism.
Most of the nations in the world are following the Policy of self
Reliance and self stability. They don't want to rely on the basic
necessity good to the other Nation. This policy is called the
defending policies of their domestic producers.
It will help in many ways that it will create a good relation and
do not create accounts of dispute with the other Nation if All the
Nations are self Reliance and shelf stable so that they can
understand each other more confidently.
The policy of globalisation doesn't mean to Boycott anything but it
means to accept the stability of their own resources.
China should do to cope with the situation as we all know that
China is a country who is well known for their production
capabilities with effectiveness and efficiency.
China is a country where labour resources are large in quantity and
they have the capabilities to work according to the present
conditions and to enhance the capabilities of all types of
requirements based on future needs.
But the major issue is that China is a major exporter of all the
necessary and basic goods in all over the world so as per the d
globalisation it will definitely hamper the positioning of global
export.
This problem China follows a policy of in house production that is
the production is based on the same country where they want to
export the goods so this is the only we and reason to cope up and
cover up this problem of the globalisation in the world.
So in conclusion china is now able to handle the problem of de
globalisation.