Youth and Globalization

Topics: Unemployment, Economics, Globalization Pages: 19 (6852 words) Published: October 13, 2008

In the recent twelve years, China actively participates in globalization, especially the economic globalization, which has obviously affected many aspects of Chinese youth’s life, such as youth migration, youth employment, youth culture, youth consumption and so on. The profound influence of globalization on youth is determined by the characteristics of both globalization and youth.

1.1What is globalization?
A Google search under the key word "globalization" yields more than 1.6 million hits — ample proof that both interest and definitions abound. From my perspective as an economist, globalization means a process of increasing international division of labor and the accompanying integration of national economies through trade in goods and services, cross-border corporate investments, and financial flows. This integration is boosted by technological progress, in particular in transport and communications. However, there is more to globalization than mere economics: globalization also means the free exchange of thoughts and ideas, and greater mobility of people. This is not something that is imposed upon us, but the result of forces for change that are deeply rooted in human nature: the drive for freedom and a better life, for new discoveries, and for a broader horizon

1.1.1A brief history
Globalization is not a recent phenomenon. Even in the pre-Google days humans were reaching out for new frontiers. Back in the 11th century the Venetian Republic was an early force in globalization. The age of the Portuguese, Spanish, and Dutch voyages of discovery gave further impetus to global integration through rapid advances in maritime technology. The discovery of electricity, the expansion of the railways, and the gold standard in the period from the mid-19th century to 1914 brought about an enormous increase in trade and financial integration. However, it is important to remember that this great wave of economic integration was interrupted in the first half of the 20th century by a phase of aggressive nationalism and protectionism in the aftermath of World War I, leading to the Great Depression of the 1930s and the catastrophe of another world war. 1.2How to identify the Chinese Youth Generation

China’s Youth Generation (born between 1981 and 1995) is unlike any of its predecessors, sporting branded items and increasingly sharing some of the same ideas as Western youth. This generation of teenagers in China will most likely be the political and business leaders of the world’s next superpower by the year 2025. "This generation will be running China in a few years. They are the next international politicians and business leaders, and their choices will affect us all."

2Globalization and Chinese Youth
2.1Youth—an important force in participating in the economic globalization In the recent twelve years, China participates in economic globalization to a much larger extent. Chinese government actively engages in the process. From 1995, China has stepped into a new phase of opening-up and participating in the economic globalization. First, enhance free trade policy. Chinese import tax has descended from 35.9% in 1994 to 9.9% in 2006. The overcast rate of Chinese import non-tariff wall also fell from 32.5% in 1996 to under 10% in 2006.

Second, utilize oversea capital, resource and technology actively. From 1995 to 2006, China had accumulatively used overseas capital of about US$809.13 billion, which was a huge increase. During the decade China’s import assumed a constant growth trend. The import quantum rose from US$132.08 billion in 1995 to US$ 561.38 billion in 2005.

Third, implement the “Go Out” Strategy, participating in international competitions and targeting at international market. Chinese government adopts many measures to encourage enterprises to participate in international competitions. For example, China encourages export through tax rebate, which leads to a quick rise of the...
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