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pishuonlain [190]
3 years ago
12

How does China's economic boom negatively impact society?

Geography
1 answer:
andreyandreev [35.5K]3 years ago
5 0

China's economic boom negatively impact society by growing economic inequality.

Answer: Option B

<u>Explanation:</u>

Economic growth of a country is an important criterion for measuring a progress and prosperity of a nation. But GDP alone can’t show the true picture of country’s success. Many times a country’s GDP may go up but the people in the country may not be enjoying the fruits of the growth.  

Fast economic growth in China shows a similar picture as with sudden economic boom the inequality in the country has also increased. As according to the official data the Ginni coefficient in china was 0.474 in 2012.

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4 years ago
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In the past,communication technology was not as advanced as nowadays. Paasing a message even in the same region would be difficult not to mention overseas.

Imagine back when people can only deliver message by letters, the shipping or transporting fee would be much higher than what we're doing now, sending a simple text and delivered to the target easily. Not only would it be more costly economically,but also on time arrangement.

Time cost is very important for trading,as the situation,such as the demand of the market would shift very quickly from time to time. In the past,by the time a message was exchanged,the situation might have been different already. Or,in some cases,it might not be able to catch up with policies that government newly introduced on market.

Thus people would consider less about trading overseas as spreading the market would not be easy.

However nowadays with technology,communicating has become a very easy thing as long as you have the internet. It allows people to spread their brands globally as they can be able to monitor them more easily through communication. It is also easier for traders to exchange and collaberate. Much business chances are provided hense increasing the trading over the world.

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