China and the Global Economy

A detailed Summary of China and the Global Economy

Recently, the so-called "global economy" has been incredibly successful, being strongly supported by most recent presidents, Bill Clinton, and now George Bush. This economy has, overall, been a great impetus for the world as a whole. Not only does it bolster the economies of struggling nations by allowing them to trade with an economic powerhouse like the United States, but also it allows for more competition in the global marketplace, driving down costs to the consumer, and increasing quality. China, however, is one nation whose potential entrance into this global economy is under heavy opposition and scrutiny. While our executive branch strongly advocates their entrance, claiming that China would be a great addition, many oppose this notion, citing all of the moral and ethical issues at hand as evidence against the nation of China. So the question remains, as to whether or not China should be allowed to join the world economy. I will discuss the pros and cons of this very heated issue.

First, we should address exactly why China is such a questionable nation as far as economy is concerned. One important issue is their incredibly poor working conditions, and treatment of employees. In America, we have many laws protectin

g employees, including minimum wage, health and safety laws, social security, and workers compensation. China, however, has no such policies. Their workers get paid a pittance while being subjected to harsh working environments in so called "sweat factories", where they are crammed together in a building with no air conditioning or other such luxuries. Many health and safety issues also arise, as China does not regulate things like emissions, or levels of certain chemicals or gasses that may be deemed harmful. While America poses strict regulations on its businesses regarding waste and hazards, China has no such regulations, potentially putting the lives of millions of workers in danger every day. Opponents of China's entrance into the global economy cite these obvious moral violations as reasons for not allowing China to participate until they do something to change the current environment. They state that America should be fighting such violations, as they contradict everything that America stands for and is built upon. They do not believe that we should be supporting and assisting a nation like China. They also complain that were China allowed into the global economy, because of their incredibly cheap manufacturing costs due to a lack of restrictions that American companies must abide by, that China would have an unfair advantage over American competition, potentially putting many of these companies out of business, resulting in the los

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Approximate Word count = 981
Approximate Pages = 4 (250 words per page double spaced)

Category: Politics