According to the scientists, developing of the economic is related with\u00a0the increase in the inflation-adjusted market value of the goods and services produced by an economy over time\u00a0that produce\u00a0satisfaction of the basic necessities of the people.\u00a0In this context,\u00a0the economic progresses\u00a0in China\u00a0during\u00a0last 35 years\u00a0have\u00a0been\u00a0a good improve in the living standard of the Chinese society.\u00a0But, this forward movement with the vast population\u00a0always\u00a0looks\u00a0a\u00a0difficult\u00a0route.<\/p>\n
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In an appropriate way,\u00a0Andrew Berg and Jonathan Ostry (2011) of the International Monetary Fund\u00a0said:\u201dinequality in wealth and income is negatively correlated with\u00a0subsequent economic growth”.\u00a0Likewise, economists Dierk Herzer and Sebastian Vollmer found that increased income inequality reduces economic growth, but growth itself also increases income inequality in the long run. In this sense, in the words of the Secretary General of the United Nations Ban Ki-Moon: “While economic growth is necessary, it is not sufficient for progress on reducing poverty\u201d.<\/p>\n
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Reminding\u00a0the condition of China in the 80\u2019s,\u00a0the cheap labor allowed to\u00a0international companies\u00a0to\u00a0established factories in China with several facilities, and\u00a0the foreign investment was one important factor that helped the economic in China.\u00a0However, also the\u00a0environmental problems started, and others social problems, and may be these consequences were\u00a0expected.<\/p>\n
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Eric Hanushek and Dennis Kimko introduced measures of mathematics and science skills from international assessments into growth analysis.\u00a0\u00a0They found that quality of human capital was very significantly related to economic growth. This approach has been extended by a variety of authors, and the evidence indicates that economic growth is very closely related to the cognitive skills of the population. And in this aspect China increased the international exchange of person and knowledge with different countries around the world.\u00a0 We can check the increase of scientific papers abroad from Chinese experts.<\/p>\n
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Also,\u00a0Electricity consumption and economic\u00a0growth are strongly correlated.\u00a0Per capita electric consumption correlates almost perfectly with economic development.\u00a0MIT Professor Robert Solow concluded that technological progress has accounted for 80 percent of the long-term rise in U.S. per capita income, with increased investment in capital explaining\u00a0only the remaining 20 percent.\u00a0 In the case of China, we know\u00a0the high increase\u00a0electricity demand because of infrastructure built\u00a0like Three Georges Dam.<\/p>\n
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Another major cause of economic growth is the introduction of new products and services and the improvement of existing products. New products create demand, which is necessary to offset the decline in employment that occurs through labor saving technology.\u00a0\u00a0 Around the world is known the new wave of Chinese products.<\/p>\n
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When you look at China Economic Growth\u00a0along the time, they have improved in many aspects we can consider that is important to growing; however,\u00a0they economic is growing\u00a0too\u00a0fast;\u00a0but, apparently the people does not.\u00a0 They\u00a0have bad\u00a0wealth\u00a0distribution, so there\u00a0are\u00a0several\u00a0questions\u00a0around economic growth and inequality\u00a0to them.<\/p>\n
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A lot of people speculate about the statistical data in China that is not precise or\u00a0nonexistent. It is not easy to corroborate the data for most people who\u00a0want\u00a0to study China, so in the way to suppose\u00a0the data is accuracy that can show to everybody the success of China policy to improve economic; recently, some events happened that questioning the policy on the end.<\/p>\n
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One of the\u00a0examples\u00a0that represent the situation in China\u00a0was\u00a0the Wenzhou trail collision in Southeast China.\u00a0\u00a0After two weeks of opening operation\u00a0of High Speed Rail in China,\u00a0which it is\u00a0the largest Railway System around the world,\u00a0the first accident happened\u00a0where several\u00a0people\u00a0were killed and injured. The authorities after some time in the justice trail,\u00a0they\u00a0admitted the management training of personal was deficient, so we\u00a0though the\u00a0China\u00a0society\u00a0doesn\u2019t grow like the economic speed\u00a0way.<\/p>\n
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Recently, the municipality of\u00a0Tianjin in China had two massive\u00a0explosions\u00a0that\u00a0have killed more than hundreds people and several hundreds were injured. \u00a0The accident has taken place in the warehouse with hazardous and flammable chemicals. One of the big questions is about Safety\u00a0Rules by Chinese government to prevent accidents\u00a0and city planning.<\/p>\n
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There were nearby apartment complex closed to the warehouse, most of them are belongings to the\u00a0employee of\u00a0some logistic companies, and they demand compensation for the damaged caused by the\u00a0explosions.\u00a0The owners\u00a0of apartment knew\u00a0the risk to live beside of warehouse?\u00a0what about the risk airborne pollution?<\/p>\n
<\/p>\n
No country have made economic\u00a0improve without positive stimulus of intelligent\u00a0government,\u00a0in addition\u00a0the\u00a0important\u00a0role\u00a0made by\u00a0the individuals\u00a0initiative\u00a0were also\u00a0magnificent.\u00a0 The proper contribution of each is a challenge, but everybody knows the growing is due to both. This experience of economic\u00a0of\u00a0Chinese people is unique,\u00a0and it is important to study for learning.<\/p>\n","protected":false},"excerpt":{"rendered":"
No country have made economic improve without positive stimulus of intelligent government, in addition the important role made by the individuals initiative were also magnificent<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":{"0":"entry","1":"post","2":"publish","3":"author-admin","4":"has-excerpt","5":"post-71","7":"format-standard","8":"category-views"},"_links":{"self":[{"href":"https:\/\/juancarloscoronasegura.com\/index.php\/wp-json\/wp\/v2\/posts\/71","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/juancarloscoronasegura.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juancarloscoronasegura.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juancarloscoronasegura.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juancarloscoronasegura.com\/index.php\/wp-json\/wp\/v2\/comments?post=71"}],"version-history":[{"count":1,"href":"https:\/\/juancarloscoronasegura.com\/index.php\/wp-json\/wp\/v2\/posts\/71\/revisions"}],"predecessor-version":[{"id":72,"href":"https:\/\/juancarloscoronasegura.com\/index.php\/wp-json\/wp\/v2\/posts\/71\/revisions\/72"}],"wp:attachment":[{"href":"https:\/\/juancarloscoronasegura.com\/index.php\/wp-json\/wp\/v2\/media?parent=71"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juancarloscoronasegura.com\/index.php\/wp-json\/wp\/v2\/categories?post=71"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juancarloscoronasegura.com\/index.php\/wp-json\/wp\/v2\/tags?post=71"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}