Negative Impact of Globalization on Chinese Economy
With reference to the negative impacts of globalization on the Chinese economy; it could be said that the culture plays a crucial role in building the identity of the country and as a whole it also represents the nation. Many new aspects have had its impacts on culture in the modern age of several countries and one of these factors is globalization (Dreher 2006). Like all the other aspects which have changed the way of our living in the modern era, globalization has had its impacts all over the world. It has been seen that the process of globalization has resulted in having some positive effects on the economies across the world by shortening the distances amongst people from several cultures and religions. At the same time, it has also resulted in having some negative effects on the culture; this is because of the fact that people leaving their own heritage and culture behind tend to adopt western culture. In the same way, globalization has had some severe impacts on the culture of China.