What Role Should Government Play In a Globalised World Essay

What Role Should Government Play In a Globalised World - Essay Example This essay stresses that the government of China in the light of the reforms brought about in the policy structure relating to economic, social and technological development is also focusing on the optimal utilization of the natural resource base. Optimal utilization of the existing resource base would help the country gain the due potential in gaining economic and social developments in sustained manner. This paper makes a conclusion that the event of globalization has paved the way for the mutual development of both developing and developed economies through the process of mutual interaction and the transfer of needed funds and infrastructural skills and expertise. With the gaining of needed know-how along with funding support through the gaining of foreign investments the countries are found to grow and develop along the parameters pertaining to manufacturing, innovation, social and economic fronts. However the government of different countries is required to incorporate changes in the policy and reform structures on such a note as would assist in the effective optimization of the opportunities gained in such a global climate. Herein focusing on the region of China the government of the region is found to bring about changes in the policy structure related to manufacturing, research and development functions and also related to labor relations to contribute in the overall developme nt of the social and economic situation of the region.