Critical Analysis of Chinas Economy Research Paper

Critical Analysis of Chinas Economy - Research Paper ExampleDuring the industrialization era, China henpecked its lead in global technological discoveries. It is believed that China made its breakthrough in economic maturation during the Song Dynasty. During this rule, China made gross investments in technologies, witnessed highest rates of urbanization as well producing volumed amounts of highly demanded iron. As a result, China acquired the global superpower rank in economic growth. However, the rein did not last very long after Western Europe emerged with bigger economic growths in the midst of 1500 and 1800. It is believed that China fall could be related to the tyranny of Ming (1368 1644). In addition, trade and innovation received stripped-down focus during the dynasty of Qing (1644 1911) (Chow and Kui-Wai 156).Significant growth in efficiency and productivity, physical big(p), and labor contributed to economic growth prior to the course 1978 in China. Essentially, aggre gate factor productivity reduced within the same period. Research indicates that the decrease registered collection plate of 1.07 percent. In addition, additional years of schooling in China resulted in increased growth in the annual human capital which reached 1.55 percent. As a result, the total factor productivity registered a partial tone decrease. In the later years, the actual input versus capital ratio maintained a constant figure. wherefore the roles of total factor productivity were inverted with those of accumulation of capital. Contrastingly, the growth rate in human capital registered a decrease.