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Sample Essay on Supporting Programs: How Do People Encourage Needy People in the World?

poor personThis is a sample essay on supporting programs around the world. Not everyone can afford basic items such as food and medication. If you have to write an essay on the same issue, you can use this draft to learn how to structure your text.

Food, water, proper housing, and medication are some of the basic things that humans need to survive. Governments across the world must make sure that their citizenry can access all these services, but that is not always the case. Some of the things that people take for granted like regular meals and clean water to drink are in scarce supply in some parts of the world. If the stories in our news stations are anything to go by, then there are areas in the world whereby people struggle to have one balanced meal a day let alone the three that are needed for proper health, growth, and development. The results in malnourished children and ailing mothers who are not able to breastfeed their kids and take care of the families. In most of these countries, the poverty levels are quite high with a huge portion of the population earning less than a dollar a day and without the help of international organizations such as The United Nations, the situation would be worse.

Most of the supporting programs around the world involve the provision of foodstuffs, clean water, and medical supplies to the needy. The needy would be provided with grains such as rice, beans, and cooking oil for them to prepare meals for their families. Some agencies would also provide canned meat and fish so as to ensure that the meals are balanced and nutritious. To ensure that the needy people have clean water for drinking, cooking, and other household purposes, the aid agencies would drill dams and boreholes that offer a long lasting solution to the water scarcity problem. On the issue of medical supplies, the aid agencies and philanthropic countries would provide drugs to treat common ailments such as malaria, Tuberculosis, and HIV/AIDS. Some would even bring their own medical personnel to treat the sick.

Natural calamities, war, and poor governance are some of the factors that create such situations of want. Famine and extreme floods wipe the earth off its plants and vegetation, and this creates a scarcity of food for the people. Wars take away young and energetic individuals that would have otherwise been involved in farming, and this creates a shortage of food. Wars also result in injury, and international aid organizations are, therefore, needed to provide medicine and treatment to the victims. Corrupt governments that embezzle funds meant for national development leave their citizenry without basic services such proper medical care, and other countries and agencies have to step in to save the people.

The poverty levels in some countries are very high to the extent that they cannot provide basic services to their people. These countries rely on donor aid and funding to ensure that their people can lead comfortable lives.

References:

  1. Blattman, C., & Niehaus, P. (2014). Show them the money: why giving cash helps alleviate poverty. Foreign Aff., 93, 117.
  2. Bodenstein, T., & Kemmerling, A. (2015). A Paradox of Redistribution in International Aid? The Determinants of Poverty-Oriented Development Assistance. World Development, 76, 359-369.
  3. Brown, S., den Heyer, M., & Black, D. R. (2014). Introduction: Why Rethink Canadian Aid?. Rethinking Canadian Aid, 1.
  4. Eichenauer, V. Z., & Knack, S. (2016). Poverty and policy selectivity of World Bank trust funds.
  5. Kwon, H. J., & Kim, E. (2014). Poverty reduction and good governance: Examining the rationale of the Millennium Development Goals. Development and Change, 45(2), 353-375.
  6. Mawdsley, E., Savage, L., & Kim, S. M. (2014). A ‘post‐aid world’? Paradigm shift in foreign aid and development cooperation at the 2011 Busan High Level Forum. The Geographical Journal, 180(1), 27-38.
  7. Packenham, R. A. (2015). Liberal America and the Third World: Political development ideas in foreign aid and social science. Princeton University Press.
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10 Key Tips to Handle Empirical Research Papers with Ease

writing with a penBeing a college or PhD student means that you have to deal with a great number of academic research papers, articles, and other writing. These types of assignments (especially the ones that are called empirical research papers) are usually very time-consuming and require a lot of efforts. The aim of such papers is to prove a certain hypothesis by the means of observation and experiment. In other words, you have to prove or disprove a statement by collecting evidence and data. The answer to an empirical question requires practical implementation of gained theoretical knowledge.

In order to facilitate the writing process and not to burn the midnight oil, here is a list of tips for you to follow when working on the empirical research assignment.

10 Tips to Write Perfect Empirical Research

  1. Study the Question
  2. Carefully investigate the question under discussion. Pay attention to all the details stated. Decide what kind of data you have to collect in order to complete the research.

  3. Define the Methodology of the Paper
  4. Think of the methods of investigation for your study. This type of paper enables you to use both qualitative and quantitative research methods.

  5. Structure the Paper
  6. Keep in mind that your paper should consist of the following parts:

    • introduction;
    • review of the literature;
    • description of implemented methods;
    • observation and experiment results;
    • discussion of the data;
    • conclusions;
    • list of references.

  7. Keep It Logical
  8. The empirical research aims to find an answer to a certain question. It follows that you have to provide a systematic, logical, and methodical investigation of the issue under discussion.

  9. Do Empirical Research
  10. The empirical research is impossible without observation: a scholar gathers information, data, and forms a hypothesis. Then, by using induction reasoning, you can formulate the hypothesis. Now, you can make some predictions by means of deduction reasoning. The next stage is testing of the predictions and their evaluation.

  11. Use Accurate Data
  12. As it was already stated, empirical research is a practical assignment that requires usage of up-to-date data and information. You cannot use approximate figures as your paper won’t have scientific importance.

  13. Make It Academic
  14. When writing a research paper, stick to the academic requirements provided by your teacher. Try to omit over-dramatic adjectives and filler words. Make your paper concise and keep it to the point.

  15. Make a Plan
  16. If you want to finish your paperwork before the deadline, you have to keep yourself organized. Make a plan that you can follow, so all the work is done according to the schedule.

  17. Results
  18. Once you get results of your investigation, try to present them by using charts, tables, etc. It will make your paper more interesting and catchy.

  19. Be Interested
  20. The success of your paper lies only in one thing – to what extent the topic of the investigation is interesting for you. If you’re passionate about the investigation, and it sets your brain to work, you’re going to succeed.

    Hope these tips will help you with empirical research writing. The assignment isn’t an easy one, but if you keep everything organized and put a lot of work to it, you’ll get the highest accolade from your scholars.

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4 Economy-Boosters That Keep Leading Countries on the Float

euro public domainCountries across the globe rely on different factors of the economy to bring about growth and development to its citizenry. Some of these factors are naturally-occurring while others are man-made. The success rate of these factors of the economy depends on how the authorities manipulate them for economic gain with competent governments able to use its technical expertise and know how to ensure sustained growth. This piece highlights some of the economic boosters that leading countries in the world use to stay afloat in the economic landscape.

  1. Trade & Industry
  2. Most of the leading economies in the world like Japan and China attained their status because of trade and industry. These countries are able to generate a lot of income from the sale of goods produced in their industries. The goods are either sold locally or abroad to other countries who for one reason or another do not manufacture those particular items. Electronics, automobiles, foodstuff, construction materials, and kitchen appliances are some of the things that the leading countries produce in their industries for sale. To remain competitive and keep their productions costs as low as possible, these countries have adopted technology in their production and manufacturing processes. Trade and industry have not only brought increased revenue for these countries but created employment opportunities for the youth, and this has helped them lead comfortable lives.

  3. Agriculture
  4. This is another factor of the economy that has helped leading economies in the Europe and Asia stay afloat. With most countries taking the industrialization route, the agricultural sector has been left unexploited and those that are still doing it earn a lot of revenue through the sale of agricultural produce. Rice, wheat, fish, soybeans, and palm oil are some of the major exports that bring a lot of revenue to the leading countries when they are sold abroad. Some of these food items are perishable but with advanced packaging technology, they can be shipped all over the world without going bad.

  5. Tourism
  6. Countries with amazing landscapes and naturally occurring features such as geysers and majestic beaches attract a lot of tourists that bring a lot of revenue. Wildlife and natural vegetation are other features that attract tourists from all over the world, and with proper management of the attractions, the countries are able to generate a lot of revenue, spur growth, and development. Brazil, India, Croatia are some of the countries blessed with tourist attractions. The fact that most of these attractions are natural means that will be available in the long run, and this guarantees continued revenue streams for the countries.

  7. Mining
  8. Minerals are quite valuable, and the countries that are blessed with huge benefits of them are able to generate a lot of revenue when they mine and sell them. South Africa has huge deposits of gold and diamond that generate a lot of revenue when they are sold globally.
    Countries across the world use different aspects of the economy to generate revenue for their operations. Above are some of the factors the top economies use to stay afloat.

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5 Economic Jobs That Are Going to Withdraw into the Shadows in the Next 10 Years

process engineering complete self-assessment guideEconomics is one of the lucrative career fields. It is for this reason that students seeking higher education scramble for the few slots available to economics students in colleges and universities across the globe. With proper training in economics, students are able to gain skills in market research and analysis, skills that are needed to ensure proper production and consumption policies in different sectors of the economy. Economics, however, is very broad and those who want to work in this field can choose different areas of specialization. Some sectors, however, are very popular among students while others are not, and this can be attributed to a decline in the demand for those skills in the industry. In this piece, we will highlight 5 jobs that are no longer popular among economics students.

  1. Statisticians
  2. This job basically entails analyzing data so as to come up with relationships and trends. Statisticians, therefore, crunch numbers on a daily basis, and it is this lack of spice and adventure that has seen economics students shy away from taking up jobs in this field. Statisticians are also required to be good at probability, calculus, statistical theory, and survey methodologies; these tough requirements also contribute to making a career as a statistician less interesting for college students.

  3. Claim Representatives and Insurance Underwriters
  4. The insurance industry is slowly, but surely embracing technology and at present automation is a key part of the industry. This spells doom for workers in the industry, and it is estimated that there will not be any need for claim representative and insurance underwriters in the next ten years as the software will be used to analyze and interpret clients’ data to determine insurance payouts. This realization has made it less desirable to work as a claim rep or as an insurance underwriter with economic students preferring other areas where human input is in high demand.

  5. Financial Analysts
  6. This is another area where technology has “snatched” the job from humans. Financial analysts were tasked with spotting economic trends and advising institutions accordingly but artificially intelligent software can do that job faster and at a fraction of the cost. Institutions are, therefore, investing in such software at the expense of human labor, and this has made training in this discipline less desirable.

  7. Accountants
  8. This was the dream job in the financial sector some time back, but that is not the case anymore. This is because everyone decided to study accounting in college, and this led to the saturation of the job market. Saturation has the effect of lowering the salary in a particular field, and this has scared away economics students from specializing in this field.

  9. Environment Economists
  10. Professionals in this field analyze environmental factors and their impact on the economic development. They then use the data to develop economic policies and to help agencies plan their activities so as to ensure minimal environmental destruction. Technology, however, has made it easy to monitor environmental factors, and this has reduced the demand for environmental economists. This has, in turn, made a career in this field less interesting to students.
    The adoption of technology, saturation of the job market and reduced income are some of the factors that have made careers in these fields of economics less interesting to college students. Scholars are, therefore, going for jobs where their skills are in demand and the salary is high.

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4 Kinds of Documents Every Economics Student Is Going to Face in a College

wps insurance brokers plymouthEconomics is one of the most influential courses around. Professionals in this field use their skills to come up with strategies and policies on investment, production, and consumer mannerisms that are needed to ensure institutions are profitable. A career in economics is also very lucrative, and professionals in this field earn huge salaries and bonuses every year. These are some of the things that entice students to take up courses in economics in college. Other than learning the concepts in economics, students are required to understand the various documents that they will come across in their careers and how to complete them effectively. Let’s now review some of these documents, how to fill them as well as their purpose in the business environment.

  1. The Balance Sheet
  2. This is by far the most important document in the financial sector. The balance sheet tells the exact financial position of a firm at a given time. It lists the value of the company’s assets, its liabilities, and the owner’s equity at that point. A balance sheet usually bears the name of the institution, the exact date of the statement and the unit of the currency. The assets are the physical resources that the company owns such as land, machinery, and processing plants. Liabilities are the firm’s debt and financial obligations. The owner’s equity indicates the finances provided by the owner to set up the business. The company’s assets must equal the liabilities and owner’s equity at that particular time for the company to be considered to have a healthy financial position.

  3. The Income Statement
  4. This document is known as the Profit and Loss Statement, and it indicates the firm’s financial performance regarding net profits or losses as at a particular time. It is calculated as the difference of the company’s revenues and expenses. The firm’s revenue includes what the company earned through sales and dividend income while the expenses are the costs incurred through salaries, wages, and rental charges. If the revenues exceed the expenses, the company reports profits, and if the expenses exceed the revenues, the company reports losses.

  5. The Statement of Retained Earnings
  6. The statement of retained earnings reports the movements in the firm’s net income and how the distribution of the firm’s dividends affected its financial position during an accounting period. Net income earned in that accounting period improves the statement of retained earnings while the dividends paid out to stakeholders decrease the retained earnings.

  7. The Statement of Cash Flow
  8. This document details the movement of cash within a business over a specific period of time. The cash flows are classified into 3 distinct categories. These are cash flows from operating activities (CFO), cash flows from investing activities (CFI), and cash flows from financing activities (CFF). CFO represents cash flows from the firm’s primary activities. CFI represents cash earned through the sale of the company’s assets while CFF represents the cash generated or spent when raising and repaying capital and business debts.

    Above, there are some of the documents students will come across when studying economics in colleges and in their careers. Students should, therefore, make an effort to understand them so as to become productive members in their workplaces.

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Sample Essay on Halloween: How Much Countries Spend on Its Celebration?

trick or treatThis is a sample essay on how various countries celebrate Halloween and how much they spend on the festivities. If you need to write an essay on the same topic, you can use the points highlighted here to draft your paper.

The weather has finally cooled off, and retail stores are stocking up on candy and scary costumes. Pumpkin carvings are also underway, and this means that Halloween is here with us. Most people imagine Halloween to be an American holiday, but the truth of the matter is that this frightful holiday has its root in Europe where it was first celebrated in Ireland about 2000 years ago in honor of the department members of the society. At present, Halloween is marked to celebrate our spookiness and dark side. People scare each other on this day, and they wear scary clothes and costumes to make it happen. They also share candy on this day with kids moving from door to door asking for treats. There are also parties that are thrown at this time for the adults to make merry and to indulge their sweet tooth just a little bit. The expenditure on Halloween has always been high every single time with people going out of their way to get the best costumes and candy so as to make a big impression.

Americans for example, are expected to spend close to $7 billion on Halloween this year with a huge portion of this amount going to purchase candy and Halloween costumes. Americans are keen on looking for creative designs for their costumes. American kids are persistent when it comes to getting candies when trick-or-treating during the Halloween night, and this requires every home to stock up on candies for Halloween. Horror movies are also the norm during Halloween with families renting movies for Halloween movie night.

The UK is not far behind when it comes to spendings on Halloween with an estimated 460 million pounds expected to be used for costumes and treats this year. The UK, however, celebrates Halloween differently than in North America with Halloween welcomed with bonfires and traditional foods like Irish fruitcake. There are party games as well where coins and other fortunetelling items such as buttons and rings are inserted into cakes and other foods that are eaten at this time. It is believed that such games can be used to tell the future with ladies believing that they will be married by the next Halloween; they should get a ring in their fruitcakes. The Irish also enjoy their beer, and they would indulge in lots of it at this time.

France is another country where Halloween is celebrated, but not as prominently as in North America. Spending on this holiday hardly exceeds the 100 million euros. A huge portion of this amount is spent on Halloween costumes and make-ups. The French also trick-or-treat but rather than going to homes asking for candy, they visit stores and retail centers.

Halloween is celebrated differently in countries across the world with North America being the most prominent. Spendings on Halloween also vary across the countries with the US taking the top spot.

References:

  1. Galembo, P., & Durant, M. A. (2002). Dressed for thrills: 100 years of Halloween costumes & masquerade. Harry N. Abrams.
  2. Jacobsen, B., & Zhang, C. Y. (2014). The Halloween indicator,’Sell in May and go Away’: An Even Bigger Puzzle.
  3. Lennon, S. J., Fatnassi, A., & Zheng, Z. (2016). Sexualization of Halloween Costumed Women.
  4. Mannucci, A. J., Tsurutani, B. T., Iijima, B. A., Komjathy, A., Saito, A., Gonzalez, W. D., … & Skoug, R. (2005). Dayside global ionospheric response to the major interplanetary events of October 29–30, 2003 “Halloween Storms”. Geophysical Research Letters, 32(12).
  5. Paez, T. (2017). Seven Disruptive Halloween Costumes. Catalyst.
  6. Shine, T., & Shine, R. (2016). Trick or treat?: The lingering dangers of Halloween for suburban fauna. Australian Zoologist, 38(1), 16.
  7. Wright, B. W. (2001). Comic book nation: The transformation of youth culture in America. JHU Press.
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Sample Essay on Wild Animals: Do People Have to Keep Them in Captivity?

zooThis is a sample essay on wild animals on whether it is okay to have them caged in zoos or not. If you’re required to deliver a paper on a matter such as this, you can rely on the points mentioned below to structure your paper.

Wild animals fascinate humans and that is why people make arrangements to go and see them when they are not busy with other life commitments. Kids are thrilled by them and parents looking to provide their children with the best will make efforts to take them to view the animals. This has created a booming business where people ‘capture’ wild animals and put them on display for visitors to enjoy the spectacle. Visitors pay huge sums to view the animals with the prices hiked for those with kids. From the activities at the zoo, the operators are able to make good money, and the visitors go home happy. This appears like a good arrangement, but is that really the case? The zoo operators and the visitors may be happy at the end of the day, but there is another party to the proceedings that are not always pleased with this arrangement and these are the wild animals.

The supporters of keeping wild animals in a zoo argue that zoos usually provide animals with the best living conditions by providing them with enough food, water, and a place to live. They would go ahead and say that life in the wild can be harsh on animals since climatic conditions such as drought may deny the animals enough food and water to drink, and this would endanger them. They would claim that the animals are safe as well in the zoos since poachers cannot access and kill them.

Keeping wild animals in cages, however, is very bad since it denies them the movement that they need to enjoy their surroundings. The fact that such animals are wild means that they thrive better in unstructured and unregulated environments such as those found in wildlife parks. They also require a lot of space to move about and having them in a cage restricts their movements and this makes them restless and unhappy. A restless animal is not happy, and it may take it out on the visitors or the attendants when they are trying to feed them.

It also limits the animals’ interactions since their procreation mates are limited to the wild animals in the zoo. If the animal is a rare species, this may lead to its extinction since a lack of enough mates is one of the factors that lead to the elimination of an animal species.

Wild animals should be left free in the wild where they can go about their activities in peace. Locking them up in a cage for people’s pleasure is wrong since it denies them the chance to be wild and free. It is actually equivalent to slavery since the animals are forced to do the stuff against their will.

References:

  1. Armstrong, S. J., & Botzler, R. G. (Eds.). (2016). The animal ethics reader. Taylor & Francis.
  2. Fisher, D. N., James, A., Rodríguez-Muñoz, R., & Tregenza, T. (2015, June). Behaviour in captivity predicts some aspects of natural behaviour, but not others, in a wild cricket population. In Proc. R. Soc. B (Vol. 282, No. 1809, p. 20150708). The Royal Society.
  3. Hediger, H. (2013). Wild animals in captivity. Butterworth-Heinemann.
  4. Melson, G. F. (2013). Children and wild animals. The rediscovery of the wild, 93-118.
  5. Snak, A., Garcia, F. G., da Silveira Delgado, L. E., & Osaki, S. C. (2015). Occurrence of Cryptosporidium spp. in wild animals living in the Cascavel city park, Paraná, Brazil. Semina: Ciências Agrárias, 36(2).
  6. Sudan, V., Verma, A. K., & Jaiswal, A. K. (2017). Trypanosomosis of wild animals with emphasis on Indian scenario. Veterinary Parasitology: Regional Studies and Reports, 10, 25-28.
  7. Thawait, V. K., Maiti, S. K., & Dixit, A. A. (2014). Prevalence of gastro-intestinal parasites in captive wild animals of Nandan Van Zoo, Raipur, Chhattisgarh. Veterinary World, 7(7), 448-451.
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6 Countries Students Give up the USA for in Order to Earn More Money

Unfortunately, many people are forced to seek a better luck in other countries. Oftentimes, their native motherland is not able to provide them with the desired income to make life convenient and less stressful. The same goes with the students from the United States of America.

Though the USA. is one of the global leaders, the expectations of its students are not always covered in full. As the result, they start seeking luck in other countries. A new study of Universum tried to define the most advantageous countries for young people related to salary expectations. It included the survey of 432,099 undergraduates in 24 most perspective and economically stable countries of the world. What were the results? Let’s have a closer look at them.

Here is a list of 6 countries, which can offer students the ability to earn more money:

  1. Switzerland. The life in this country is utterly expensive. Accordingly, the salaries are pretty high. The main reason for expensive life is a strong dependence of Switzerland on the investments from other lands. This is a small state with little resources. Therefore, the competition for a highly-paid position is great. In average the salary is about $7,000.
  2. Norway. This prosperous state remained almost untouched during the financial crisis, and thus, the employers can afford highly-paid employees. The economic stability in Norway is of the top level. The average salary is about $6,500.
  3. Denmark. The next country in this rating offers its students $5,427 per month. Possibly, one of the factors is a huge tax income for Denmark, which is the biggest in the world. Therefore, students can expect high salaries.
  4. Australia. Students may expect a fair payment in Australia. This is the first non-European country on this list. It allows earning at least $4,700. Such a minimum salary is actually attractive.
  5. Germany. Returning back to Europe, we should name Germany, which holds the 5th position with an average salary $4,450. This highly-technological country has bright perspectives for young people. They are really welcomed because Germany faces the problem of nation aging and requires some fresh blood.
  6. Sweden. The neighbor of Norway, Sweden offers youngsters $4,350 and does not fall too much behind Germany. Its economic capacity has been always famous. The stability of this country endures for many decades, and students may earn good money working there.

It is necessary to mention that the 7th position is occupied by the U.S.A. The average salary in our country reaches $4,300. The possibilities are good as well. Nevertheless, many students are not content with such an offer and look for brighter perspectives elsewhere.

Salary is a ‘threshold’ attribute, which is of great importance. It is good when you have the job of your dreams and don’t hate it. Nevertheless, too low income will not satisfy all of your needs. Seeking something more perspective is the requirement of the current society. Possibly, life abroad can be more beneficial.

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A Business Deal: 7 Things a Businessman Has to Know Before Entering the US Market

When it comes to writing different types of essays, there may appear various obstacles. Some of them might be really unexpected. For some students, the issue of a topic choice is one of the greatest challenges. Though it is ridiculous for other people, there are those who simply cannot pick up a good topic.

The necessity of an appropriate topic is actually huge. It is supposed to be relevant and interesting. When reading your arguments concerning an important issue, which is significant for society, your readers will recognize your potential and intelligent choice. Accordingly, many students rejoice more when they are assigned their topics by professors. Thus, they escape this horror. Nonetheless, it is crucial to learn to make the correct choice on your own.

Let’s imagine that your topic is associated with economics, marketing, finances, and other related spheres. If you are a student of an economic college or you study economics and are free to choose the topic, you may write about entering the US market. You should write an essay dwelling upon the essentials that should be considered prior to entering the American market and starting your own business.

Here are some vital points:

  1. Business funding options. Before you enter the US market to begin your business, you should identify all funding options such as government-guaranteed loans, grants, and other financial support.
  2. The process of registration. You must obligatorily register your company. If doing it inappropriately, you will answer before the law.
  3. Taxation issues. Each country has its system of taxation. Consequently, they cannot be identical. You should investigate this matter to avoid any sort of complications. You ought to meet all the rules and necessities. Mind that there are federal and state laws, as well as some local peculiarities.
  4. Business insurance. You will surely require a proper insurance coverage. This obligation is important for you. Having business insurance, you will protect your business. Otherwise, all your attempts might be in vain.
  5. Hiring workers. The process of hiring employees is essential. This is a pretty lasting and serious procedure. You should know all laws to settle things in accordance with all official demands. You should give a special heed to foreign workers. They should be accepted in accordance with some different rules. You will surely need a good lawyer.
  6. Consumer protection law. You should learn all important tips on complying with consumer protection aspect. This includes some things like marketing, privacy, advertising, and something of the kind.
  7. Know your audience. You should learn your potential customers. Thus, you will be able to plan an effective and profitable marketing strategy.

This was an example of how to develop such a topic. When you wish to choose a topic, make sure that it is relevant, useful, and easy to discover. You should be confident that you can discuss various aspects to make your paper richer and more captivating to reach success.

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Sample Essay on the Fast-Moving Chinese Market: What Is the Secret?

The economic success of China is one of the most highly-disputed issues in the recent years. Many countries want to repeat its success and try to study this matter. You will find the most important factors, which ensure the success of the Chinese market.

Nowadays, China is a real global giant and proven leader in many spheres of human activity. Of course, one of the most significant points is an enormous success in economics. The Chinese market is the strongest in the world, and it does not seem to stop its expansion and development. Therefore, it is not surprising that other countries wish to figure out the reasons why this country is so successful. Many professional economists and marketers made numerous studies and researches in order to define the truth. The outcomes had little difference. In most occasions, there appeared the same factors, which should be discovered in more details.

There are, at least, five major factors that made the Chinese market utterly successful and productive. Firstly, the role of the state in the economy is minimal. The world history knows many examples when the decline in the role of the state in the economy brought huge benefits to the land. The same goes with China. The growth of the economy and average prosperity of the nation are positive. The taxes were reduced, bureaucracy conquered. These steps led to prosperity.

Secondly, one should point out the collaboration with other countries. There are many successful joint ventures with foreigners. The Chinese folk learned the experience of Western countries for many a year. They conduct joint business in all possible directions, and thus, China has received numerous amounts of foreign investments.

Thirdly, the land gains profits from the policy of “Open Doors”. Though many claimed that this was a risky strategy, this proved to be a very reasonable move. There are many “closed-in” countries who try to build all possible borders to stop the infestation of foreigners. China has neglected this policy and welcomes all foreigners, especially those from the USA and Europe. Of course, they count on businessmen with solid sums of money, ambitions, and long-term investment plans. There are almost no restrictions, visa issues, and so on. Undoubtedly, it is impossible to let in all foreigners. Such gigantic countries like China surely have some enemies and rivals. Nevertheless, there is almost no control over their partners.

Fourthly, the Chinese government reduced restrictions on economic activity. Many governments set high fees for the products produced within their borders. There is no sense in setting high payments for own products. They mark that fees simply kill competitiveness. Therefore, you will not find unreasonable fees in China.

Finally, we should mention the cost of production and the paid work. China has the biggest working potential. At the same time, the cost of work is quite low. The production created in China is close to the world brands, but the price is much lower. Consequently, consumers prefer buying cheaper goods.

When summarizing the main factors to the economic success of China, one may come to a simple conclusion – lesser restrictions promote marketing growth. The government of the country minimized its role in economic life of its citizens and encouraged the fast-moving development.

References:

  1. Zhao, YuKong (2014). What Drives China’s Success? https://www.forbes.com/sites/realspin/2014/10/02/what-drives-chinas-success/#2c1ca5f95852
  2. John, Ross (2009). No secrets to China’s success. https://www.theguardian.com/commentisfree/2009/aug/18/china-economic-growth
  3. Wilson, Lee Flores (2010). Why are Chinese entrepreneurs successful? http://www.philstar.com/business-life/551406/why-are-chinese-entrepreneurs-successful
  4. F. Gerard, Adams (2004). Why Is China So Competitive? http://www.economics.hawaii.edu/research/workingpapers/WP_04-6.pdf
  5. Ann C., Logue. The Emerging Market in China. http://www.dummies.com/personal-finance/investing/emerging-markets/emerging-markets-and-major-political-systems/
  6. Anthony, Kuhn (2009). Exploring The Secret Of China’s Economic Success. http://www.npr.org/templates/story/story.php?storyId=113402088
  7. Huang, Yukon (2010). http://carnegieendowment.org/files/reinterpreting_china_success1.pdf
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