Question

In: Economics

write about china culture and how it affects its economy.

write about china culture and how it affects its economy.

Solutions

Expert Solution

Chinese culture originated nearly thousands of years ago and is among one of the globe’s oldest cultures. Chinese believe making more money by working hard to earn a better life. Literacy levels of China have increased dramatically over the past 20 years and thus have both large numbers of skilled and unskilled workers. It's an elegant nation for its traditional accumulation in culture, economy, politics, lifestyle, and diplomacy. The traditional culture in China such as products, skills, expression and insights played an important role in fostering economic development of the country.

In China, Confucian culture was originated that has several components if economic development. It states that the functioning in economy must rely on comprehensive consistency, harmony with natural laws avoiding extremes and human supremacy. The relations in economy must be used to reduce inequality and curtail selfishness. People behaviours need to emphasize using small opportunities of making fortunes, living a thrifty life and working hard for a better life. The government policies should aim at reducing poverty and economic management must be with efficient government. The economic lives have to be integrated with morality in economy. It promotes a high emphasis on good education, an accomplishments desire in numerous skills, and seriousness about family, tasks, employment, and obligations in the individual as well as the family. It resulted to promoting the development of human resources and the country's economy.

The culture gives main stress to education. Education promotes the skills, efficiency and work knowledge. It promote invention; entrepreneurs knows how to improve management and the production factors allocation, and people become high responsive to change in economy. Moreover the punctuality, discipline of work, obedience, and diligence has resulted to the growth of economy in China and the country is one of the key international economies.


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