Full Definition of ESSAY. transitive verb. 1. : to put to a test. 2. : to make an often tentative or experimental effort to perform: try. â esÂ·sayÂ·er noun. See essay defined for English-language learners. See essay defined for kids.
According to(), Globalization facilitates the economic development of the countries involved through increased cross border flows of trade, investment, and financial capital. Firstly, the main positive effect of globalization on china is, the labour costs and working environment. The labour cost in china is completely low all the time when compared to the rest of world. Most of the manufacturing companies all over the world targets china because of their labour costs.
The global GDP rises by 3.5 % to 8.2% on an average per year statistics. The global production sector is taking the root in the Chinese market. Integration of financial markets is one of the positive effects on the globalization of china. Before globalization, China is very poor and less job opportunities and now it increasing rapidly.