Analyse the impact that globalisation has had on the economic development strategies in an economy other than Australia

Analyse the impact that globalisation has had on the economic development strategies in an economy other than Australia
• In the introduction you would explain what globalisation is
• Then you would relate this back to china

• China has had to change their policies such as its dual economy which is part communist and part capitalist
• This has changed from its closed economy and things have altered internally
• Once they have become more efficient they have moved to the outside world

Globalisation is the increased integration and interdependency of nations to one another’s economies. There have been many failures in trying to ensure the successfulness of China’s market in this increasing global economy. Before Dengs election in 1978, China had tariffs and political censorship. Up until 1978 China was a closed economy. In 194...