PRESIONES PLANTARES EN DINÁMICA DESPUÉS DE LA CIRUGÍA

Chapter -7

Chinese goods: Boon or bane?

(7.1) Boon or Bane:

The recent flooding of Chinese goods into the Indian market has raised a hue and cry, and the question whether we should accept this silently. From the narrow viewpoint of the average consumer, sufficiently satisfactory quality goods are available at roc k-bottom prices. For instance, the prices of China-made compact fluorescent lamps are less than the prices of lamps of well-established Indian brands, and of comparable quality.

With the tremendous explosion of communications technology, countries are finding it increasingly difficult to maintain closed-door policies. Consumers are becoming more aware of the availability of various technologies. The inefficiencies of companies a re exposed to competition from efficient enterprises, and the market share of the laggards is diminishing rapidly.

Traditional manufacturing industries in India were reaping profits at the cost of both consumers and workers till the early 1960s. With the growth of socialism, the workers started asserting themselves under the banner of trade unions. Due to this pressu re, public sector units registered tremendous growth and large private enterprises were also able to record higher profits.

In the early 1980s, with liberalisation, the majority of non-Left parties, in cooperation with various industry associations and some economists with `western outlook', started supporting the idea of globalisation at the cost of national interest.

One basic fact that cannot be ignored is India's large population of diverse culture and religion. Even China -- with its large area and population -- is not comparable. To keep the country together with a socially stable set-up, the Indian model of econ omic development has to be different from traditional Western models.

The right economic model should provide social stability in terms of gainful employment for the masses. But the new economic model, with the advent of information technology, has given rise to a new class of people whose salary levels, on the one hand, h ave risen to dizzying heights and, on the other, reduced the employment opportunities of the middle-classes.

Organised industry has resorted to employing labour contractors on a daily-wage basis, bypassing the statutory provisions of facilities and, in effect, reducing the wage levels for the majority. Even very profitable concerns have lured employees into vol untary

retirement schemes. As a result, people below retirement age, who opt for superannuation, come back to the job market with the advantage of experience.

This process helped capitalists exploit the toiling millions. The NPAs stand testimony to how our nationalised banks are being systematically looted to promote a few while keeping the majority of the workers below the required wage levels.

The government's globalisation policy was welcomed initially by the industry

associations for two reasons: To dismantle the last semblance of labour laws and to divest PSUs and nationalised banks with the supposed aim of increasing efficiency and removin g NPAs from their books.

Now, when these industries face the onslaught of globalisation on home turf (in the form of cheaper Chinese products), they are again pleading that there is no labour law in China. This parochial campaign must be exposed. With the fruits of the increased sales

by these industries failing to reach the common man, the availability of cheaper Chinese items definitely spells relief for him.

(7.2) Advantage and Disadvantage of Chinese Products:

Advantages:

(1) Cheaper price benefits the consumer

(2) Cheaper raw materials are beneficial for industries (3) Importer and trader makes money by selling goods.

(4) Import business leads to some employment generation (5) Government collects tax by way of customs duty.

(6) It may lead to competition which in turn may lead to better quality products.

Disadvantages:

(1) Cheap imported Chinese products kill competition and local small scale industries suffer. Sometimes, may close down.

(2) Closure of local industries due to Chinese imported goods, may lead to unemployment.

3) It may also lead to loss of revenue due to the closure of local industries.

(4) Closure of local industries may also lead to social unrest arising out of unemployment of staff and employees

(5) Cheaper goods means cheap quality and consumers may suffer on .

CONCLUSION

I have completed my thesis report on IMPORT OF CHINA CHINESE and found that documentation and procedure for import is very crucial and important, without these the export-import can not be done.

Good documentation and procedure of import is very necessary and it should be execute very carefully and sincerely. The documents and procedure is necessary for both importer as well as exporter.

REFERENCE

Sites:

www.alibab.com www.indiatrade.com www.indiatradezone.com

www.slideshare.com www.google.com

www.eximindiamart.com

www.importerexporterhelp.com

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