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Economic Growth in China: The Impact of Globalization
- 1 New York University
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Abstract
Globalization is an intrinsic part of today’s economic exchanges. This research investigates the impact of globalization on China’s economic development. For inferences, it relies on a comprehensive literature review of relevant material published within the last 10 years. The focal themes in the literature review include knowledge transfer, trade expansion, and FDI. Consequently, the study concludes that globalization has had a substantial impact on China's economic development. It establishes that China has been able to close the technological divide, expand its industrial base, and boost productivity as a result of technology transfer in and out of the country. Furthermore, China has become a major exporter given the trade expansion involved in globalization. The resultant FDI has aided China's economic growth by facilitating infrastructural and industrial growth. China's human capital growth is enhanced by the transmission of knowledge through collaborations and educational exchanges. Future studies should, however, examine the nuances of economic growth through the globalization prism.
Keywords
Economic Growth, Globalization, Growth in export, Open trade policy
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Cite this article
An,Y. (2024). Economic Growth in China: The Impact of Globalization. Advances in Economics, Management and Political Sciences,68,104-110.
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Volume title: Proceedings of the 3rd International Conference on Business and Policy Studies
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