Tuesday, November 11, 2014

One Child Policy

In response to my autobiography, I received two letters from China. In my letter with Zoe she talked about how she scolded her sister because she wouldn't do her homework correctly, or fast enough. Although the pressure on students would be an interesting topic, I am more questioned with how she has a younger sister with the one child policy. I have yet to receive an email from China informing me of how she has a sister so I decided to research the One child policy. I want to look at how it effects their economy, and whether or not it has been a successful policy.

Starting in 1979, the one child policy has been seen as a successful reign on the population of China, regardless of the staggering numbers. The New Republic listed some consequences of the one child policy on the child themselves. What was observed was that they avoid risk; meaning that when they are giving a lump some of money they would choose a low risk option to invest in. They also found they are much more pessimistic. Last they found that they are more likely to believe in gender equality, meaning equal money for all genders.

Over the last decade China has seen a major positive economic spike. Some may attribute this to the One-Child policy or just to the amount of jobs outsourced to China. A CNN Money article looks at the effects of this policy on the economy. What they found is that currently in the short term there are no negative impacts of the policy because the unemployment rate is a lot lower compared to if they had double the citizens. Economists do believe their economy will slow soon, but not at result of the one child policy.





http://economy.money.cnn.com/2013/08/14/china-one-child/
http://www.newrepublic.com/article/115614/china-one-child-policy-facts-four-surprising-findings