China s Economic Development Through The Stages Of The...

China’s booming economic growth over the past forty or so years is one of the most impressive events to happen in the global economy. The economic transformation of this country is unlike any other transformation. China was by far the most economically and technologically advanced nation almost a millennium ago. However, it started to fall behind in economic growth compare to Western Europe during the time of 1500 and 1800. This paper will examine China’s economic development through the stages of the demographic transition model and its post-transition conditions. In addition, some of the implication of the ageing population has on the continuing development of the country’s economy will be addressed. There is great debate if the decline in economic growth was before or after the Industrial revolution but many seem to agree that the political system and the many conflicts that occurred in China play a major role. These factors made it difficult for the Chinese economy from getting the force it needed to catch up to the growth of Western Europe. Up until the 1950s, there was both high birth and death rates. Although the population growth was low and stable during this time, the economic growth in this country was at a minimal. The pre 1950s period would be considered stage one on the demographic transition model for China. It was not until the 1950s, when the People’s Republic of China was established, that the process of growth began. The decisions made during thisShow MoreRelatedThe Demographic Transition Of Nepal1540 Words   |  7 PagesDemographic Transition Research paper Nepal has â…“ of the population living below the poverty line, thus, making it one of the poorest and least developed countries in the world. Nepal has an area of 147,181 square kilometres and a population of approximately 27 million (The World Factbook). 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