During the same period, China underwent several transformations, which included opening up the economy to the west and increasing foreign investment. ... Even though the desire of the Chinese citizens to end the Communist regime and establish a democracy resulted in the government returning to its conservative roots, the revolution was a wake up call to the west to act against the oppressive acts of the Chinese regime. ... For example, it would be incorrect to label the Chinese economy as entirely communist because it is clear that it is opening up to the West. ... The modern approach st...

• Word Count: 4711
• Approx Pages: 19
• Has Bibliography
• Grade Level: Undergraduate

Emerging Markets Index of Morgan Stanley's consists of Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Jordan, Poland, Russia, South Africa, Taiwan, Thailand, and Turkey. ... (Forbes) During the recession in 2008, world markets in developed countries experienced downturn but the emerging markets saved the global economy, mainly Brazil, India and China. The global credit crisis was one of the longest, deepest, and most painful in history. ... Brazil, Russia, India and China now outspend their counterparts in the US. ... Turkey an emergi...

• Word Count: 3134
• Approx Pages: 13
• Has Bibliography
• Grade Level: Undergraduate

Marx's theory of history is an account of the different stages of government through history. His analysis describes capitalism as the first stage followed by socialism and finally communism. Marx believed that socialism is where workers recognized their interests and became "class conscious". This ...

• Word Count: 3577
• Approx Pages: 14
• Has Bibliography
• Grade Level: Undergraduate

Ongoing global economic growth, coupled with the fact that the best performers tend to be particularly open to globalized forms of production (such as India and China for example), suggests that the spread of wealth is inherently linked to globalization. ... However, the Chinese had developed better and more sophisticated technology much earlier but did not choose to use it to promote economic expansion. ...

• Word Count: 7309
• Approx Pages: 29
• Grade Level: Graduate