Advisor to the Prime Minister Research Paper

Pages: 16 (4261 words)  ·  Style: Harvard  ·  Bibliography Sources: 16  ·  File: .docx  ·  Level: Master's  ·  Topic: Economics

This is regarded as a win-win situation because the state earns taxation and the entrepreneur as a result of his investment gets an ample profit followed by no government or state's restriction.

The economic liberalization is China is the example of the presented antecedent consequence model and the economy operates as a mixed economy (Bian, 1996). Because many of the firms are under the control and ownership of the state and no private entrepreneur has so far been allowed to invade those markets that are monopolized by the state examples are People's Bank of China, National Development and Reform Commission, Ministry of Finance, and the ministries of agriculture.

3: Economic Liberalization in China

The political economic and social system of china is rendered as the "right winged totalitarianism." The phenomenon implies two important terminologies, the totalitarian government and a right winged system (Elkins, 2004). A totalitarian government implies that the a single political party or an individual is effective as a sole representative of all the acts of the government and to its best that totalitarian government subjugates all the possible means of opposition, it can rather be summed up as a positive sum game that tries to justify the presence of one political party and no opposition. Totalitarianism is the opposite of democracy.

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The other terminology that makes up the political environment of china is that political system is right winged. This refers to a unique combination of liberalism and communism. Under this type of the political system the state permits the citizens to carry on trade and promotes free markets to a great extent with minimum government intervention, but restricts the activities of the people in the government affairs and proceedings. Keeping in view the government and economic systems of china it has been found it fulfills al the standards of a right winged economy marked by the totalitarian culture (Perkins, 1988).

Research Paper on Advisor to the Prime Minister Assignment

The nature of economic liberalization in china speaks volume of the states ignorance of its basic responsibilities including the major act of state as a welfare state. The phenomenon of the economic liberalization implies to the minimal state intervention in conducting trade and enacting the business activities to boost the process of economic development and growth. The economists that support the ideologies of the economic globalization are of a strong assertion that this phenomenon has the power to shape and reshape progression in the economic activities and the economic globalization is hereby regarded positive stimulus that guard and ensure the enhanced excellence of life, a rapid increase in the economic activities and a standard and appropriate allocation of resources to safeguard the interest of the private entrepreneurs, the citizens and the government itself. The two contrasting themes are found intersecting on the point that solidifies the stance of the state as a welfare state.

The ratio of poverty mentioned in the earlier part of the paper depicts a clear picture that the government of china has although managed to create a global hype of its industrialization but yet have failed to acknowledge its role as a welfare stare. The economic liberalization in its true sense implies to the minimal intervention of the state in the private business but the other job roles of the government remains constant and the government is responsible to conduct and commence all sorts of welfare activities for the citizens. The state of china has deviated from the core features of the government resulting in a wide scale bifurcation of the country in two distinct halves, the rural and the urban.

It should have been the major intention and mission of the Chinese government to minimize the differences caused by the bifurcation of the state into rural and urban domains, but instead with every step china takes to improve its economy the distinction between the two halves of developed and undeveloped china increase.

4: Needs To Re-Evaluate the Economic Liberalization in China

A number of factors have contributed in the approach that in the need of re-evaluating the economic liberalization in China. Few of the factors are enumerated below.

4:1 Inequality

The first rather the basic factor that contributes to the reevaluation of the economic liberalization and lack on the part of the government is the clear inequality of the distribution of wealth and other necessities among the two distinct divisions of the population the rural and the urban. The urban areas are facilitated with all the luxuries and modern facilities. The basic reason why the urban areas are highly developed is nit because the government pays heed to it but it is due to the private investments and projects of prosper people living in the urban part of the country, on the other hand the western part is deprived of the basic facilities to facilitate their lives though ease in getting employment and education apart from the basic necessities. This strengthens the stance that the economic liberalization has made the government of china to turn its eyes away from the allocation of resources to deprived areas and needy people (Zhang, 2000).

4.2 Lack of Social Welfare State

The basic responsibilities of all the states weather they are function as economically liberal state or vice a versa are to be a welfare state. But under the influence of liberalization the Chinese government tends to disregard the fact that they have any form of private intervention, even thought the minimal intervention clause of the economic liberalization is limited to the trade activities of the state only (Esping-Andersen, 2002). Hence owing to this fact even this clause elevates the importance of the reevaluation of the welfare state.

4.3 Democracy vs. Totalitarianism

The totalitarian approach of the Chinese government has further elevated the need of this evaluation. As a matter of fact the constitutional name of china chants that it is "Peoples Republic of China." The fact is rather surprising that the people of china lack the basic right to oppose and condemn the wrong doings of the government (Nathan, 1993). This totalitarianism also subjugates the due right of the people to elect their representatives in the political activities that can ensure that they get at least all the basic requirements for the sustenance of life.

4.4 Basic Education and Technology Usage

The bifurcation of china is an important issue as it directly portrays the lack of state to acknowledge that all the citizens are benefitted by the equal opportunity of getting educated and increasing the standards of livings. The rural population of china form about 80% of the total population and about 7% of this population cannot become the part of the productive workforce due to the fact that they are not trained appropriately to mange work with their disability. At this point of time the sardonic act of the Chinese government that is worth mentioning is that, China has been investing and lending funds across the globe to device gadgets that can facilitate the working and ease the life of physically disable people, Pakistan is one of the centers of china's such investments (Zhu, 2004). But when it comes to maintain the productivity of its own country china tends to lean back, hence the state forgetting the famous proverb that charity begins at home. this emulate the importance of the fact the globalization and maintaining international relation is the priority of an economically liberal state over the well being of its own people.

This also implies to the lack of the state's efforts in fixing the problems of the people that are divided on the basic of ethnicities and geographies. The need of the hour is that the state of china should spread education and usage of technology among the masses.

4.5 Labor Market Situation

China is regarded as the center of technology. This implies that it works continuously to improve and upgrade technology. But as a matter of fact the labor market of the china is not trained according to the changes in technology, leaving a huge portion of the labor market unemployed, every time the technology upgrades (Fan, 2002). This further diminishes the returns and the lack of trust the people have on the government. But anyhow the labor market is capable enough to cope with the changing trends but the role of the state of china remains at the back hand in training the employees to perform the basic job roles (Bonacich, 1972).

4.6 Basic Facilities

The apportionment of the basic facilities across china is not uniform. The geographical dispersion of the people has resulted in to a great difficulty for the government to approach those individuals and ensure that they are being provided with the basic facilities. This enhances the importance of advance technology to reach the people that are dwelling in the western china and the ones that are geographically dispersed and divided on the… [END OF PREVIEW] . . . READ MORE

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APA Style

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