Chinese Economy Research Paper Example | Topics and Well Written Essays - 1000 words

Chinese Economy - Research Paper Example of Foreign Trade and Economic Relations (Import/Export License System, 2008). International organizations have displayed keen interest in investing in China, notwithstanding its restrictive policies. China has displayed good business sense in spite of its negative political rhetoric. 400 of the top fortune 500 companies have invested in China. Cheap labor and improved working conditions appear to spur economic radiance. However, it is good to keep fingers crossed. Economic gains have yielded little political reforms. In case flight of foreign capital starts taking place there will be problems of unemployment and uncertainties in finance (Overall Evaluation of WTO Entry's Influence on China). While on the subject, it is also pertinent to remember China's growth is spurred by exports. Its domestic market may find it very difficult to survive should exports come down significantly or vanish altogether. For the moment, China faces little competition in the manufacturing sector, thanks to its political ideologies. China's imports and exports "China's major exports consist of machinery and transport equipments constituting to nearly half of the total exports. Another major portion of the exports comprise of textile, rubber and metallurgical products constituting to 18%. Chemical products, food, mineral and fuel materials made of up 10% of the total exports. There is an exponential increase in the machinery and transport equipments segment of the exports from a mere 5% to 47% in 2007" (China exports by category of commodities, 2010). "For year 2007, machinery and transport equipments made up the majority of the imports, accounted for USD 412 billion or 43% of total import volume. Next major imported products were chemical products which took 11.3%; mineral and raw material accounted for 11.0%; and textile, rubber and metallurgical products were 10.8%" (China imports by category of commodities, 2010). China's reputation as the number one manufacturer of world products today has enabled it capture myriad markets from all over the world, notably the United States (US) and the European Union (EU). Corporations in the US and the EU who found their fortunes dwindling in their own countries rose like the proverbial phoenix by establishing their enterprises in China. China's Economic System China's new-found euphoria as a major contributor may also prove to be a setback in certain quarters. As socialist economy, China observes the "rule-of-the-thumb" and cannot digest the principles of

World War I Research Paper Example | Topics and Well Written Essays - 250 words

World War I - Research Paper Example However, suffice it to say that within this particular author’s understanding, the First World War was fought under the most horrific conditions imaginable. Ultimately, the reason that so many different countries became embroiled in this conflict had to do with the alliance structure that existed within Europe time. Ironically, the structure of the alliance system was engaged as a means of preserving the peace; allowing lesser powers to ally with great powers as a means of ensuring that conflict would not break out. However, as was seen, the assassination of Archduke Ferdinand in Bosnia-Herzegovina ignited the so-called â€Å"tinderbox† of the Balkans; dragging in the Austro-Hungarian Empire, Russia, France, Germany, the United States, and a litany of other actors. Sadly, the horrors of the first world war are not constrained to the years 1914 through 1918. Instead, many scholars and authors have argued that the repercussions of the First World War did not truly conclud e until 1945. This is due to the fact that the peace accords for the First World War and the Treaty upper side created a situation in which a resurgent Germany would attempt to shake itself from the shackles of financial hardship and national disgrace that the treaty of Versailles had affected upon