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Ashley Anusha a/p Devaraj Fiona Chu Ng Wai Yee Lim Kuok Sing 0907JT88341 0904JH87886 0904JH87816 0901JP86656
1.What is Globalization?
Philip G. Cerny statesGlobalization is defined here as a set of economic and political structures and processes deriving from the changing character of the goods and assets that comprise the base of the international political economy in particular, the increasing structural differentiation of those goods and assets. (para.9)
CNTA-
WTO
Dealing with Trade rules Trade negotiations, Implementation and Monitoring, Dispute Settlement, Building Trade Capacity China is a member of WTO since 11 December 2001 China has moved to a position as the world's thirdlargest trading nation, up from sixth when it entered the WTO in 2001 Chinas tourism industry will take up 8.6% world market share- worlds top tourism industry 2020
Business Facilities:
MICE China International Exhibition Center
Business Tourists, Indirect Promotion of China as a tourist destination
Development Of Infrastructure Chinas newly developed bullet train since last year Dec is the worlds fastest bullet train, World Record Breaking speed
Development in Technology Direct Fast Booking, web-based travel agency product. HUBS1 Central Reservation Systems (CRS). Direct access to thousands of hotels in China
TECHNOLOGICAL ASPECT
Zhongguancun
WHAT- Zhongguancun,Beijing
Chinas Silicon Valley 1st state-level hi-technology industrial development zone. Leader of China's hi-tech industry in the 21st century.
GLOBALIZATION-Zhongguanchun
Existed in 1980s. Chen Chunxian envisioned the tech-hub He came up with the idea for a Silicon Valley in China after he visited the U.S. as part of a government-sponsored trip. Nearby with top chinese IT colleges and universities. Co-op with Silicon Valley California
HOW-Trading liberalization-CHINA
China will participate in the Information Technology Agreement (ITA) eliminating all tariffs on products such as computers, telecommunications equipment, semiconductors, computer equipment and other high technology products.(para.11) China Business News (2012)
International Trades
Lenovo company is founded in Zhongguangcun, Beijing. Now, globally, Lenovo products and companies are around the world. Where else, foreign companies like Google, Intel came into Chinas Zhongguangcun. Fair competition amongst the local IT companies for more creative and innovative ideas for next products
CONs Less foreign imports of hi-tech products to China as Chinas did not have high intellectual property rights. Producing unwanted hi-tech products and trade to overseas Lower quality of Technology products trade overseas creates bad image for China
ECONOMIC ASPECT
HOW- CHINA-US
US China trade relationship become significant for past decade. China imports are found nearly in every shelf of US store. The imports goods are inexpensive to feed the US consumers.
SOCIAL ASPECT
EXAMPLES
Manufacture of clothing, accessories, hats, toys, perfumes, cosmetic products Misleading Labeling of goods to make it more marketable High Demand of products cheap price
Due to BAD IMPACTS of Trade Liberization-Social Perspective WHAT HAS COME ABOUT?
PRO
Which is how PETA came to China (People for the Ethical Treatment of Animals)
WHAT IS PETA? Its a US based company Largest animal rights organization in the world Focuses on 4 main areas in which largest number of animals suffer most intensely namely in factory farms, laboratories, clothing trade and entertainment industry. Work on a variety of issues like animal cruelty and the abuse of backyard dogs.
Websites Animal Cruelty Awareness. (n.d). Betrayal of Trust: The Global Trade in Dog and Cat fur. In fereshteh.net. Retrieved from December 5, 2012 from http://fereshteh.net/student/animal_cruelty/Issues/global_fur.htm China National Tourism Administration. (n.d). CNTA in brief. In China National Tourism Administration. Retrieved from December 5, 2012 from http://en.cnta.gov.cn/about/Forms/AboutCnta/CNTAInBrief.shtml Gang, F. (20014). Globalization- Made in China. In YaleGlobal Online. Retrieved December 5, 2012, from http://yaleglobal.yale.edu/content/globalization-custom-made-china Peta. (n.d). PETA Asia takes China by storm. In www.peta.org.Retrieved from December 5, 2012 from http://www.peta.org/b/thepetafiles/archive/2012/06/06/peta-asia-takeschina-by-storm.aspx Peta. (n.d). The Chinese Fur Industry. In www.peta.org.Retrieved from December 5, 2012 from http://www.peta.org/issues/animals-used-forclothing/chinese-fur-industry.aspx
Rui, L. (2012). Small is beautiful in Sino-US economic relations. In China.org.cn. Retrieved from December 5, 2012 from http://www.china.org.cn/opinion/2011-06/02/content_22699502.htm Somalimemo. (n.d). Economic fascism stunts US recovery. In somalimemo.net. Retrieved from December 5, 2012 from http://www.somalimemo.net/index.php/component/content/article/1warar/3475-economic-fascism-stunts-us-recovery Stief, C. (2008). Globalization. In About.com. Retrieved December 5, 2012 from http://geography.about.com/od/globalproblemsandissues/a/globalization.h tm The Levin Institute. (n.d). Trade in Wildlife. In Globalization101. Retrieved December 5, 2012 from http://www.globalization101.org/trade-in-wildlife/ Xinhua News Agency. (2006). Legislation Urged to Curb Animal Abuse. In China.org.cn. Retrieved December 5, 2012 from http://www.china.org.cn/archive/2006-04/06/content_1164734.htm Zhenyu, L. (2012). Made in China : Charming the World. In Nihao-Salam. Retrieved from December 5, 2012 from http://www.nihaosalam.com/article-detail.php?id=MzM3
Journal article Bloom, N., Draca, M., & Van Reenen, J. (2009). Trade induced technical change? The impact of Chinese imports on innovation, diffusion and productivity. Retrieved from www.oecd.org/els/44433444.pdf Lardy, N., & Fellow, S., (n.d). Trade Liberalization and Its Role in Chinese Economic Growth. Retrieved from http://www.imf.org/external/np/apd/seminars/2003/newdelhi/l ardy.pdf Mingtai, F., & Yuxin, Z. (n.d).The Impact of Chinas Trade Liberalization for WTO Accession A Computable General Equilibrium Analysis. Retrieved from http://monash.edu.au/policy/conf/42Fan.pdf Reich, S. (1998). What is Globalization? Retrieved from http://kellogg.nd.edu/publications/workingpapers/WPS/261.pdf