The major challenges for China; Why the past successful export-led Essay

The major challenges for China; Why the past successful export-led growth model cannot continue; How the Chinese economy should be further reformed - Essay Example Despite all these down turns, there is hope for the resurgence of this economy; the Chinese government has re-embarked on strategic plans that would enable resurrection of its previously steadily growing economy. A country with settled political situations, democracy and that is well equipped in terms of technology has all the privileges to kick start the road to an impressive economy. The Chinese economy has been one of the most consistent and swiftly growing with a sustainability growth rate of 10% (Naughton, 2007). China has portrayed a dynamic and unrivaled density; however, it is still transforming from two transitions as first, it â€Å"is still completing its transition away from bureaucratic socialism and toward a market economy† (Naughton, 2007, p. 4). Naughton further explains the second transformation with which China is transforming, which is the fact that â€Å"China is in the middle of the industrialization process, the protracted transformation from a rural to an urban society† (2007, p. 4). These two transitions are still far from completion and therefore China still has challenges. The Chinese economy can now be compared to those of developing nations. While this economic similarity exists, so do the challenges. One of the crucial challenges that have been faced recently due to the transition is the shift from the socialist type economy to the market based economy. This challenge was however fixed but again, it led to the rise of another challenge related to development. According to Naughton, these challenges are â€Å"the need to invest in human skills and physical infrastructure, the need to create effective institutions, and the need to protect underprivileged and vulnerable sections of the population† (2007, p. 5). Although there are many positives related to the growth such as improved living standards, many Chinese have fallen in the hands of uncertainties marred with risks. Majority

What is the Status of Moral Claims Essay Example | Topics and Well Written Essays - 250 words

What is the Status of Moral Claims - Essay Example f is fundamentally and diametrically opposed to such a practice and does not consider any argument for it as being ethically or morally convincing (Nussbaum 1). As such, Nussbaum presents a very simple yet well reasoned approach that defines the process of FGM as reprehensible regardless of the cultural determinants that claim to the contrary. It is this author’s belief that the strong position that Nussbaum takes is absolutely defensible. Firstly, it should be a commonly held view across humanity that violence is not the solution to any perceived problem and that humans should most certainly not be subjected to a violent form of clitoral mutilation; especially prior to the age where they can make a determination for themselves how they would like their bodies to develop and represent their own unique understanding of culture. Whereas this view may be seen as xenophobic, the truth of the matter is that it should be understood across culture as patently wrong to inflict willful damage on any member of society; especially those that are unaware with regards to the pain and trauma that such a situation will effect later in their