Book review Literature Example | Topics and Well Written Essays - 2000 words - 1

Book - Literature review Example The publishing home of the book is Polity Press that has tagged the book under review to be one of their widely sold and acclaimed books. The author, Peter Nolan, who is a professor of Chinese Development, has brought many jigsaw puzzles together to inform the masses about the impact that Chinese economy had on its social and political status quo. Before understanding the impact that the book has on the readers and the amount of knowledge that the book successful shares, it is significant to know the subject matter that it discusses. Chinese economy has happened to be the most effective one. It is merely because that every bond, factory or other mineral resources are being bought by the Chinese economy. Nolan has connected the buying and investment patterns of China to create a strong argument concerning the secret behind the success of China. Readers can find as if they are being lectured in a classroom of the University of Cambridge as the author (professor) Nolan himself combines every possible detail regarding the success and spread of Chinese market (Nolan, 2012). As a matter of fact, the author has tried to create a comparative stance for the readers. For instance, the author has provided a clear view of operations conducted by different economies of the world. At one point, the readers would find out the debt amounts that a Chinese economy had to pay for not being self-sufficient. In a comparative manner, Nolan discusses the manner in which the Chinese economy has arranged cheap vendors and producers. Later on, these resources were spread throughout the world. The data that has been plugged in different sections of the book to provide higher credibility has been skimmed from major databases such as United Nations organs for economic programs, etc. There are a number of past studies and event details that were cited in bulk by the author (Lane, New York). It is an evident fact that if something is

CHOOSE ONE QUESTIONS FROM FOLLOWING QUESTIONS ON THE INSTRUCTION LIST Essay

CHOOSE ONE QUESTIONS FROM FOLLOWING QUESTIONS ON THE INSTRUCTION LIST - Essay Example Globalization basically involves exchange of ideas, labour forces, knowledge, products and services internationally. Globalization exploded in the 1980s with the advances in internet and telecommunication infrastructure which made it easier for people to travel, communicate and do international business. [2] Capitalism refers to an economic structure that allows people to put their private property into use however way they want with little interference from the government. It can also be referred to as a free-market system.[5] Under this free-market structure, people are at liberty to work and undertake jobs of their own choice, buy and sell products from or to whoever they wish or consume a service from a service provider of their own choice. The domination of finance capital over the export of commodities constituted the world’s major features of new age. ... This was fuelled by the fall of the Berlin Wall followed by the dissolution of the Soviet Union that led to freeing of over 400 million people from closed economies. These fall of communism led to a free market and economy hence globalization. This led to countries to stop depending on imports hence formulation of trade and economic policies that aimed at advising that a country can increase its wealth by encouraging local production and few imports. However this failed and most countries resorted to globalization in order to promote capitalism hence welcoming foreign investments and opening their markets. [7] Its capitalism that gave birth to the current modern states and economies. The economics of capitalism was defined by the political structure and its social relations. Therefore globalization in modern day operates in a manner that it is undermining the national state in which it originated from. This therefore brings out the difference between third wave globalization and seco nd wave imperialism. The impact of the speeds and carrying capacity of digital telecommunication networks has led to capital to spread globally. This has changed the whole way in which production of goods is carried out and also how wealth is created. It has also created a new international legal structure, redefined sovereignty and how states control economies and also helped in the restructuring of the labor force and brought the ideologies for international free markets. [6] Globalization and revolution of information has not only affected the movement of capital but also it has affected the ways in which production is carried out and these produced goods are sold. Therefore transnational corporations have responded to the accumulation crisis by setting world market strategies. With the