TRADE DEVELOPMENT BETWEEN CHINA AND KAZAKHSTAN AND ITS IMPACT ON ECONOMY OF KAZAKHSTAN

The multibillion-dollar industry that college sports has become has richly rewarded the National Collegiate Athletic Association (NCAA), university athletic programs and top football and basketball coaches. Athletes, however, continue to play under a decades-old system in which scholarships pay for tuition and room and board but fall short of covering the full cost of attending school. In return, players are expected to maintain a rigorous training and playing schedule while keeping up their studies. This falls very short to being fair for the student athletes, who are the ones putting their sweat, hearts, bodies and health on the line, day in and day out.

If you didn't know, National Autism Awareness month is April. April is now, so start getting aware. One easy way to do so is head over to Panera Bread. Not that you really need an excuse to get a tomato basil soup in a bread bowl, but if you do, the company is hosting a campaign to benefit the Dayton Children's Hospital diagnostic center. Here are a few things to know about the event.

Since the reform and opening up, the economy of China grows significantly, as an emerging economy, China's economy has made tremendous contributions to the global economy, and Renminbi has become one of the most important currency in the world. According to the survey conducted by China National Bureau of Statistics found that from 1979 to 2012, China has attained an annual average growth rate of 9.8% for its national economy, while the annual average growth of the world economy is only 2.8 % during the same period. In past 30 years, China's GDP surpassed Japan’s, China became the world 's second largest economy, in addition, the huge total volume of trade makes China become the world 's largest trading nation. The contribution of China’s

Globalization is a process that refers to the increased integration between different countries and economies as well as the increased impact of international influences on all aspects of life and economic activity. Over the last 50 years, globalization has had a tremendous impact on the Chinese economy. The impacts brought forth by globalization can be both positive and negative and effect both economic performance, economic growth and the development of China’s economy. Globalization is the main factor responsible for China’s significant growth that has taken place over the last two decades. However, globalization itself is not entirely responsible. The Chinese economy has also implemented strategies which have been very effective in promoting economic growth and development. These strategies include the implantation of“Open door policy”, “Reformation” of China’s agricultural system and joining the World Trade Organisation.

The necessity for an East Asian Community has never been greater. Globalization of the world economy and trends towards regional trading blocs brings new challenges. Global standards need to be defined and regulations harmonized. Regional cooperation and coordination are required to advance the region’s common interests. The region is endowed with an abundance of skilled labor, entrepreneurs, natural resources, capital and advanced technology. These common challenges and complementary resources call for mutually beneficial cooperation and exchanges, not only in the economic realm, but also in the political, security, environmental, social, cultural and educational arenas. The rapid rise of China and its increasing influence in the region has been a source of friction and concern for its neighbors but has also raised the possibility of imagining an Asia that is less centered on the U.S. China’s growing economy could entail a rebalancing of the economic center for Asia. Unquestionably, China’s role and attitude will be crucial to the success or failure of an East Asian

Abstract: As everyone know that no country can avoid to participate the globalization. China has always been trying to follow the trend of globalization, to be part of it, and actively join in it since its opening to the world in 1978. After 23 years in 2001, of hard efforts have been made by lots of people and tremendous negotiations have been undergone for such a long time, China finally got access to the WTO, which marks the most important step of China towards deepening the integration of the Chinese economy into the world economy and therefore going more deeply into the globalization. We should admit that the opportunities and challenges were brought to China by globalization

The WTO accession expected to benefit the status of U.S. exports to China as it would be accelerated due to decreased tariffs and increased market access. President Clinton also anticipated that “this agreement will create jobs for the U.S., it will create jobs for labor union members” (Casey, 2012). A detailed study of trade statistics from 2000 to 2011 establishes the following trade patterns in U.S.-China since China’s WTO accession:

The rise in China from a poor, stagnant country to a major economic power within a time span of twenty-eight years is often described by analysts as one of the greatest success stories in these present times. With China receiving an increase in the amount of trade business from many countries around the world, they may soon be a major competitor to surpass the U.S. China became the second largest economy, last year, overtaking Japan which had held that position since 1968 (Gallup). China could become the world’s largest economy in decades.

Since the Chinese economic reform beginning in 1978, China has witnessed an economic miracle. China’s annual GDP growth has been around 9.5% - 11.5% per year from 1978 to 2013, and GDP per capita has grown to RMB 41,908 in 2013 from RMB 381 in 1978 (National Bureau of Statistics of China, 2014). The opening up of Chinese economy to foreign investments, loosening regulations, and boost of private sectors etc., have all contributed to this economic miracle. China not only supported the growth of the East Asian Tigers, but also was widely considered as the world engine thereafter.

Over the past decade, as the liberalization of national and openness of global markets, globalisation has benefitted the world significantly, such as income improved, increase of imports and exports, industrial development, thus, free flow of trade, capital and information have produced the best outcome for growth and human welfare. Therefore, it is little doubt that globalisation has positive impact on developed and developing countries. When it comes to China, ever since it formally joined WTO, great benefits has been gained from the international trade while a huge boost to the collaboration with other countries.

China is generally an economically developed country. The massive economic growth started in the late 1970s and has continued up to date. The early years before 1970 were marked with low income levels and the consumption rate of products was not high. The current economic growth is unique and remarkable owing to the fact that it covers a wide geographical location. The China coastal regions have contributed to a large extent the vast economic growth due to the large quantity of export products that translate to income. The Central and Western regions have also been up to task as far as economic growth is concerned. (Brandt,2009)

The significant economic growth of China happened after China adopted Economic Reform and Opening-up Policy in 1978 (see Appendix 1). Under this policy, China opened its door to the foreign investment and began to emerge in the global market. Its economic system has since then been transformed from socialist economy into a capitalist economy (Szamosszegi and Kyle, 2011, p.4; Paltiel. 2009). If the period between the founding of the People’s Republic of China in 1949 and the Reform in 1978 can be regarded as the first industrialisation process towards heavy industry monitored by central planning, then the

In the past China was not to able sustain its own economic well being, let alone be an economic super power. The standard of living in China was so low, that something as simple as a light bulb was a luxury (Fogel, 2006). After the Cultural Revolution and Communism set in, China’s economic luck started to change. Between the years 1978 and 1998, a mere twenty years, China’s Gross Domestic Product (GDP) has grown an average of eight percent annually. The eight percent annual GDP growth has made China one of the fastest growing economies in the world (Fogel 2006).

For the past three decades, critics have immersed themselves in the discourse of China’s rapid economic growth and development. For a socialist regime, the emergence on China’s remarkable economic achievement has been one of the world’s most unprecedented success stories. Sai-leung Ng (2000) emphasized on China’s success, describing China as the country with the most rapid economic growth of the time. Paul Collier (2007) noted that individuals in the west were starting to get worried that China was converging to quickly with the western economy. To support Collier’s comment, Jean-Francois Huchet (2006) rated the Chinese economy among the top five leading economies in the world.

With the economic development of China rapidly increasing, China has gradually attracted the attention from the worldwide publicity, state media reports, and it has become one of the important players in the international sphere. In general, economic development and growth has become one of the most significant factors for China’s successes. Historically, there are three main periods since the founding of China, which are after the establishment of the country, the period of the opening policy, and the contemporary period. Each historical period has significant influences for China’s development. Hence, I will illustrate how China’s economics developed so fast from the past to modern, and how its economics affected Chinese society and its own market.