China Affected by Globalization (Cons: (Pollution (Since a lot of huge…
China Affected by Globalization
Since a lot of huge companies have moved some of their factories to China they had to build a lot of factories and after they build the factories they emit a lot of toxic gasses which may be harmful to not just the ozone layer but also China itself, that is why based on SCGH China is the most polluted cities in the world.
Really big chance of catching diseases like HIV and swine flu
I claim this based on the con where I said that there might be more pollution, but that is not it because it is causing pollution another problem comes up and that is the more pollution there is the dirtier the streets will be and because of that there will be a lot of germs and virus roaming around, therefore, it is really easy to catch maybe fatal diseases like HIV and the swine flu .
This is a con that not only applies to China but to all other countries and that is there is a rapid increase in fast food companies like Mcdonalds and KFC so people Consume a lot of junk food and that affects their health.
Small Companies won't be able to stay up for long and will soon get swallowed by big companies or will be made bancrupt.
Since a lot of big companies like Apple and Samsung are moving/adding some of their factories to China, small companies that has just started developing has a really small chance of being successful unless they have a huge company supporting their growth because the difference in power and money between the huge companies and the small ones are just too great.
What is Globalization:
Globalization is when companies or buisnesses expand on a bigger scale and spread across the world internationally
Improve in tourism
Since big companies like Nike started moving some of their big factories to China it has attracted many tourist who want to go to China to shop since there are so many famous brand main companies located there.
Solves a little bit of the poverty problem in china
This solves a bit of the poverty problems in China because since a lot of big companies will have their factories positioned in China a lot of jobs will be open so more people can get empolyed.
The economy in China has grown a lot
Quoted Directly From UK Essays: "as per the statistics if 2003 china made nearly 1413us billion dollars which stand it in the sixth position.During 1965 to 1979 the GDP of China grew with 6.4% but after entering into a global market china made its GDP nearly 10% in 1980 to 1990. In 2005 it's stated that the industrial production in china is increased by 15% while consumer demand is increased by 10%."
Increase in savings
Quoted Directly From UK Essays: "Us dollar 560 billion was the saving deposit of the civilians in china in 1997 which is around 218 times more than that in 1978. Which is 32% increases in this particular gap of year. Apart from this currency saving, stocks and debentures and the financial asset in also increases by us dollar 725 billion."