Discuss the positive and negative effects of globalisation on China Essay

Discuss the positive and negative effects of globalisation on china - seek ExampleSimilarly leveraging of huge inborn resources for the emergence and development of the economy to be a powerful country in the world has been possible in the backdrop of globalization with stinting reforms. The environmental impact due to global warming is very important from the international perspective and for sustainable development, because the economic development at the current level by exploiting the natural resources at this level is not sustainable in the long run. The Sustainable Development according Bruntland (1987) means Development that meets the needs of the present without elastic the ability of future generations to meet their own needs. (The World Bank Group, 2001) Background The Chinese economy found on country owned industrial undertakings and collective communes, was ineffective in achieving the desired economic growth in the country which aspired to become a leading interna tional power. The economic reforms introduced during the period of Deng Xiaoping in the lately 1970s aimed at catching up with the developed countries gave a fillip to a system of decentralised market-based economy. Goodhart, C. and Xu, C. (1996, p. 34) state Following the decision to open the economy, and to increase the role of market forces and reduce the burden of state subsidies on hostile trade losses (since the RMB was artificially overvalued), China began to decentralize its foreign trade and foreign exchange systems in 1979. The country was successful in establishing the phenomenon of regulated market economy without compromising governmental control of the party. Consequently the foreign direct investment into the country has grown significantly aiding the growth make over the period of time. Environmental Impact The issues related to environmental concerns such as nursery gun emissions and global warming in the negotiations at the international level has gathered mome ntum starting from Kyoto Protocol. China being the worlds largest glasshousegas emitter is constrained to take measures in line with the world opinion and commit to 40 to 45% reduction in CO2 emissions from 2005 level by 2020 in the recent Copenhagen humour Change Summit in December 2009. Finamore (2009) states a carbon intensity target will desire each province and major enterprise to measure, report and reduce their CO2 emissions and energy consumption, year-on-year, acting as a driver for greater efficiency and renewable. The US and China as the major greenhouse gas emitters are expected by the world community to take proactive measures in containing the greenhouse gas emissions. Climate Ark (2007) states The world faces a global warming disaster if the United States and China do not take decisive action to cut greenhouse gas emissions, a leading economist said at the U.N. Evidence China Daily (2011) states that the new issue of the British Nature powder store published th e first two studies to draw definitive conclusions that human activity caused global warming is and then global rainfall, snowfall intensity increased, an increase in natural disasters such as floods. Unseasonal droughts, floods and other natural disasters have been closely associated with global warming. The social and environmental consequences of the industrial activities