[Peace-discuss] China's economic achievement

[C. G. Estabrook]

China's economic achievement has little to do with globalization. It is related 
to trade and export. China has gradually become an export-oriented country. No 
one, myself included, is opposed to exports. But this is not globalization. In 
fact, China has become a factory in the Northeast Asian production system. If 
you look at the whole region, you will find it very dynamic. China's export 
volume is enormous. But there is something we have overlooked. China's export 
relies heavily on the exports of Japan, Korea and the US. These countries 
provide China with high-tech components and technologies. China is just doing 
the assembly, and labelling the final products as 'Made in China.'

China has developed rapidly by following wise policies. But while millions of 
people were lifted out of poverty, costs such as environmental degradation are 
high. They are merely transferred to the next generation. Economists will not 
worry about them, but these are costs that someone needs to pay for ultimately. 
It may be your children or grandchildren. These have nothing to do with 
globalization and the WTO.

http://chinadigitaltimes.net/2010/08/noam-chomsky-in-china/

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