World-system on the hierarchy of China and Hong Kong Essay

World- carcass on the hierarchy of mainland chinaware and Hong Kong - Essay ExampleFirst, a theoretical framework for the concept of the world system has been constructed using current literature. Second, the political and economic history of China and HK has been examined. Finally, the development of China and HK since the 1980s bequeath be compared.World-systems theory is a set of nested and overlapping interaction networks which focuses on understanding the development of multicultural territory labour division across core and periphery regions (Chase-duun, 1993, 1995 Wallerstein 1974, 2000).Wallerstein (1974) defines the world-system as a multicultural territorial reserve division of labour, and defines two types core and periphery. These are defined by the nature of their industries core regions are characterized by capital-intensive, well-developed tertiary industries and periphery regions by labour-intensive primary and secondary industries.The specific claims of world-syste m theory can be separated into system structure and system dynamics. agreement structure defines the characteristics and relationships of the system components, with reference to core, periphery and semi-peripheral regions1. System dynamics concerns the processes of the upward or downward mobility within the structure (Shannon, 1996).When Mao Zedong established the Peoples Republic of China in 1949, the governments priority was the forcible redistribution of property (Kenneth, 1992). Marrin (1993) and other critics describe the first few decades after the concept of the Republic as being full of chaos, famine and class struggles. The Korean War induced the join States and United Nations to enforce a series of embargo punishments on China. Furthermore, the Soviet Union withdrew loans and technicians in 1960 collectable to a downturn in their relationship. The Great Leap Forward and the Cultural Revolution (1958-1976) not further paralyzed internal production and economic activit ies, but also separated China from the world-system economy (Marrin, 1993). Because China rigidly controlled international investments and trade, Hong Kong became the only port where China could buy foreign currency and items that were not available locally (Miners, 1991). Hong Kong (pre-1980s)Hong Kong became a British colony at the end of the Opium War in 1842. Although its governor was appointed by Britain, colonial government did not promote any ideology to enhance its political legitimacy. Hong Kong has a great deal been described as a free society (So & Kwitko, 1990). Colonial government adopted a positive degree non-intervention policy towards the economy while maintaining a competitive business environment to attract foreign investment, and move export-led industrialization in the early 1950s (Haddon-Cave, 1995). After Chinas political upheaval in1949, an influx of over lux thousand refugees to HK (Hambro, 1955) brought substantial capital and labour resources, which we re used to set up manufacturing factories. The embargoes imposed on Chinese trade in the 1950s helped subsidize the HK economy, with HK acting as a buffer zone in the midst of western countries and the Chinese market.