Problems Faced By The Asian City Of Beijing - 1917 Words

Conflicts in Measuring Progress The intention to step after the Western growth model can lead the Asian cities to the crisis (Heather, 2012). However, recently, China and India have managed to ensure the economic progress and significant living standards improvements for their economically unstable social groups of the population. At the same time, the Asian Development Bank (ADB) pointed out the rising inequality which can â€Å"soon undermine the very basis of these countries’ economies success† (Heather, 2012). Furthermore, according to the ADB, the gap between the poor and rich has not been reduced (Heather, 2012). This gap has increased and keeps rolling up. The closer analysis of the problem of poverty in the city of Beijing gives the solid reason to claim that the Western model of economic development should not be applied as such to the Asian context. Beijing is one of the largest cities of China characterized with a wide gap between the rich and the poor. According to the Chinese latest five-year plan, the current purpose pursued by the government is to ensure a more equitable economic growth at a slower pace as the strategy to narrow this gap. The difference between the poor and rich should be narrowed in terms not only of the social and political necessity but also with regard to the economic aspect. The growing income gap may ultimately have the political consequences for the country. For instance, Beijing is the home for hundreds of thousands of poor rural peopleShow MoreRelatedConsumer Behaviour Essay1598 Words   |  7 Pagesapplied in the Chinese chocolate market as well as how it differs from the Australian market. This paper discuss the chocolate industry of the most populous country of the world based on Market Segmentation and Maslow’s Theory, moreover presents how the Asian country is a potential market for Au stralian exporters. 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