Essay on The Fall of The Orient - 1033 Words

The Fall of The Orient. Zhiwu Chen, a professor of Finance at Yale School of Management, had once addressed two pivotal questions to the world: â€Å"Why has China’s economy grown at such a fast rate during the last 30 years, and is this growth rate sustainable?† Over the past decades, China’s uprising as a huge economy power was undeniably prominent, first in Asia and then to the eyes of the world. The most popular answer as the world knows it is because China has â€Å"vast and cheap labors†, but that is not necessarily true. The idea of China’s development has been supported not only by huge labor force. Instead, it was also driven by all the changes that happen in the world, which allowed China to gain from its labor force, and also†¦show more content†¦Since China was able to implement any law or set of rules in its country, China was able to progress at greater speed than any other countries. To support this, Chen also pointed out tha t the large government’s shares in economy shows that in China, the economic growth has been mainly driven by investment, rather than consumption (Hayat). China’s great divergence has been sizably successful over the past 30 years. The rise of capital assets such as new factories and machineries, the number of Chinese workers, and hence the increase in worker’s efficiency were all the driving factors behind China’s economic boom, in addition to all the factors discussed earlier. If the trend were to be analyzed for the next couple of decades, how much faster can China continue to grow? The answer is simple; China will stop growing and eventually collapse, in accordance to the ‘paradox of development’ theory. This idea will be supported by three main bases: political challenges, environmental changes in China and its economic policies (Hu). When China was developing in the past decades, China was in a state what experts called as a catch-up mo de. It is undeniably true that the oversized population of China had helped tremendously in developing its nation. This key factor, especially when combined with rapid urbanization, benefits of education and government aid, had really launched China from its stagnant point and made China an economic giant.Show MoreRelatedOrientalism in Pocahontas971 Words   |  4 Pagesonly Eastern Asia, or the Orient, Orientalism is a branch of Cultural Studies, an area of literary criticism that has applications in various mediums. The school of critical theory, created by Edward Said, is applicable to novels, essays, social situations, films, and epics alike. One film, to which Orientalism is applicable, is Disney’s Pocahontas. 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