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Essay / Research Paper Abstract
This 12 page paper considers the way in which capitalism has developed in China and argues that this is a divergent form of capitalism. The paper argues this by defining capitalism and then tracing the development in China and comparing how this compares to the standard definition. Compassions are also made with other countries to illustrate points raised. The bibliography cites 10 sources.
Page Count:
12 pages (~225 words per page)
File: TS14_TEchinaC.rtf
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Unformatted sample text from the term paper:
that has shareholder wealth maximization as the focal point. However capitalism may be seen as a much broader model than this, by looking at the way in which it may
manifest, contradictory to the models seen as the west, capitalism is a model that can reflect as well as dictate social order. In this paper we will argue that as
well as the traditionally reflected view that the adoption of capitalism will impose societal change, it may also be adapted by the existing social and political circumstances where conditions are
such that this influence is allowed to occur, and that the result will be one that becomes a hybrid, rather than a carbon copy of another countries capitalism. There
are many instances of the adoption of capitalism; countries such as Russia are recent converts to the model. However, in many cases the development has been influenced by other nations
in the west. The introduction has been accompanied with certain problems, including economic instability, manifesting in high interest rates, exchange rate fluctuations and high inflation. To many observers this was
seen as symptoms of emerging capitalism. This idea has been supported with the repetitive nature of the phenomena appearing to be part of the learning curve. However, the instability may
also be a symptom of the pace of change and the external influences. Looking at China may provide some support for this position. To examine this, the first step is
to consider what is meant by capitalism, and how it has emerged in China. One definition of capitalism reads "An economic system in which the means of production and distribution
are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market." (Dictionary.com). It is interesting that even this definition
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