Date of Graduation

Fall 12-20-2020

Document Type

Project/Capstone

Degree Name

Master of Arts in Asia Pacific Studies (MAPS)

College/School

College of Arts and Sciences

Department/Program

Asia Pacific Studies

First Advisor

Prof. Genevieve Leung

Second Advisor

Prof. John Nelson

Abstract

Evolving relations of East Asia due to trade liberalization raised the search for financial stability for institutional development. It also increased the importance of China integrating the global economy into renewing its political philosophy in the new century. This capstone project aims to examine why China has transformed its socio-economic structure by generating outward investments and how it has affected international political relations in terms of the role of the economic institution Asian Infrastructure Investment Bank (AIIB). Quantitative methodology aims to examine the impact of China’s export trade on income distribution and economic growth through linear regression analysis for the period of 2000-2018. The remaining conflict is discussed through economic index, manufacturing rate and theoretical literature to explain Chinese national economic modernization. The findings demonstrate that China’s large export trade has a positive impact on income level but it fails toward income equality due to monopoly of trade. While China’s production requires the transfer of technology, moderate production facilities do not contribute to income distribution efficiently. China’s inefficient production and unimproved social rights -women rights, democracy, liberalism and transparency with institutionalism- remain the importance of political issues affecting globalization such as supply chain and competitiveness with Made in China 2025 beyond the Chinese economy in the 21st century. China’s economic growth does not mean the end of liberalism and liberalization while Confucianism is effective within Chinese business culture. Debates about China’s globalization will continue as suggestion.

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