Due to the comprehensiveness of China’s “reform and open” policies, economics plays an increasingly important role in the development of its global position. As a senior at Beijing University majoring in Economics, I feel that my field is fundamental to the progress of my country. Yet, at the same time, I realize only too well that what I have learned as an undergraduate is far from enough. Therefore, it is my desire to pursue a graduate degree I Economics at your university. If accepted, my intended concentration would be Economic Development and Public Economics.
In the process of preparing myself for advanced research, I obtained a solid academic background in mathematics, computer science and basic economic theory. In order to enhance my capabilities and further establish my background, I plan to take Probability and Econometrics as my electives during my last semester at Beijing University. During my undergraduate career I was fortunate to be able to audit several advanced graduate level courses taught by overseas professors such as Comparative Economic Systems and Advanced Macroeconomics. These classes not only introduced me to new economic concepts and theories, but also broadened my perspective and gave me new insights into the depth of my field.
After over three years of studying economics and extensive reading in related fields, I have developed my own understanding of the present Chinese economy with system. I feel, and it is an idea shared by many, that the Chinese government is presently struggling to adapt a policy which would peacefully integrate the advantages of a marked economy with the current Socialist system. to a certain extent, I feel that the government has been successful in implementing this aim. However, many problems have yet to be resolved. Chief among these is the problem of rejuvenating and restructuring the large, state-owned enterprises. As a result under the Chinese socialist system, these companies not only lack a spirit of competition, but are also hopelessly overstaffed. There is a definite need to cut back on workers, many of whom are unskilled and present an unnecessary burden on these companies.
The fundamental problem here is that China lacks unemployment and social security programs, which would be able to assist and re-train these workers should they be laid off. As there are no options for them, the companies are forced to retain these laborers, creating a stagnant state which limits both production levels and net profits. While foreign-imported goods and foreign companies were scare in China, this was not a major problem. However, the influx of foreign goods and corporations has forced China into a predicament where it can no longer afford to maintain useless employees for the benefit of the State. Should the situation here continue unchecked, China risks loosing its domestic marked to foreign companies.
These ideas were the result of my field research conducted during my junior year. During that time, I studied first-hand edly China’s system of public economics and found it lacking in many ways. I feel that if China is ever to be a serious competitor in the world market it needs first to develop a more progressive system of public policies. For this, China will have to look to other systems, which have struggled and successfully handled this same problem. My goal is to continue my education in the United States where I can not only witness the dynamics of an economic system different from ours, but also study the ways in which America’s public policy could be adapted and utilized by China.
In terms of global economics, China still has much to learn. The government is far from reconciling itself with many of the principles that underlie the modern market. I also feel that the Chinese situation is unique, and , that in order to be successful, policy makers must take into consideration regional characteristics, historical tradition and social psychology when defining the course of the future. However, it is also essential that the future generations of leaders, administrators and teachers learn from other countries in order to better understand the complexity of China’s role within the global economic situation.
The more China’s economy is prosperous, the more it needs its own economists. Therefore, at the end of my graduate study, I intend to return to my country and contribute to China’s economic progress. My ultimate goal is to teach introducing advanced Western research methods to my country and, if possible, tackle some of the economic problems faced by my country.
I am also applying for overseas graduate study because of the fact that the United States holds the leading position in the research of my chosen field. Your institution, known for its careful and exacting work ethic and nurturing academic atmosphere, is the university I have long admired. I am confident that with your distinguished faculty and recognized facilities, my potential will develop into knowledge and experience beneficial to both the United States and China.
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