Full Definition of ESSAY. transitive verb. 1. : to put to a test. 2. : to make an often tentative or experimental effort to perform: try. â esÂ·sayÂ·er noun. See essay defined for English-language learners. See essay defined for kids.
According to(), Globalization facilitates the economic development of the countries involved through increased cross border flows of trade, investment, and financial capital. Firstly, the main positive effect of globalization on china is, the labour costs and working environment. The labour cost in china is completely low all the time when compared to the rest of world. Most of the manufacturing companies all over the world targets china because of their labour costs.
Chinas economy is not any better then the United States economy. What China is doing is under valuating their Yuan to keep prices low so that they can steal business from other countries. Chinas economic growth is dependent on exports so keeping the local currency rate low plays a key role in boosting Chinas growth.t means that the United States will have competition in the world influence market. Can you imagine what will happen when China starts gaining support from countries all over the world. Others will not see us as the primary-go-to for support.