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.
China has made some improvements in environmental protection during recent years. According to the World Bank, 'China is one of a few countries in the world that have been rapidly increasing their forest cover. It is managing to reduce air and water pollution. 2012 study stated that pollution had little effect on economic growth which in China's case was largely dependent on physical capital expansion and increased energy consumption due to the dependency on manufacturing and heavy industries.