Social Impact Of Economic Change

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Social Impact Of Economic Change

Introduction

The striking growth performance of the Asia’s economy has attracted interests from researchers and policy makers. For a long period of time, the whole region has experienced increased growth even particularly in the newly industrialized economies and China to be precise. The number of people living in abject poverty in Asia decreased drastically between 1981 and 2001 whereby in China alone, this number dropped by more than 400 million. Additionally, the presence of early and late developers has indicated that Asia as a region has displayed disparities in per capita income that ranges from $33,0000 in Singapore to $2,000 in Bangladesh (Chew 2015, Hale 2015). In the region, China has recorded a high growth rate and it is ranked as the second largest economy globally after the United States. This nature of economic growth was experienced by Japan in 1980s and 1990s to the extent that at this time period, Japan was ranked as the largest globally. However, the Japan’s economy went through a pattern of economic growth, bubble- burst, and deflation (Caballero, Takeo and Kashyap 2008, Hayashi and Prescott 2002).

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Social Impact Of Economic Change

Discuss

 Is democracy still an important point of discussion when talking
about China?
 In 5 years time, what do you think the source of CCP’s political
legitimacy will come from? Provide your reasons. Social Impact Of Economic Change.
 What do you think of the argument that the fate of CCP’s political
legitimacy positively influences the state of the PRC’s unity?

Questions for your essay (Choose 1)

 Do you think China’s economy will follow the pattern of Japan’s
economy (economic growth – bubble – burst – deflation) in the
future? Why?. Social Impact Of Economic Change.
 Considering the problem of aging population in Japan, what do
you think is the possibility of Japan employing a friendlier
immigration policy to allow more skilled migrants to come and
contribute to Japanese economy?. Social Impact Of Economic Change. 

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Social Impact Of Economic Change

Introduction

The striking growth performance of the Asia’s economy has attracted interests from researchers and policy makers. For a long period of time, the whole region has experienced increased growth even particularly in the newly industrialized economies and China to be precise. The number of people living in abject poverty in Asia decreased drastically between 1981 and 2001 whereby in China alone, this number dropped by more than 400 million. Additionally, the presence of early and late developers has indicated that Asia as a region has displayed disparities in per capita income that ranges from $33,0000 in Singapore to $2,000 in Bangladesh (Chew 2015, Hale 2015). In the region, China has recorded a high growth rate and it is ranked as the second largest economy globally after the United States. This nature of economic growth was experienced by Japan in 1980s and 1990s to the extent that at this time period, Japan was ranked as the largest globally. However, the Japan’s economy went through a pattern of economic growth, bubble- burst, and deflation (Caballero, Takeo and Kashyap 2008, Hayashi and Prescott 2002). Social Impact Of Economic Change…..

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