There are many types of LEDCs; I will be using China as my main focus point, being that it is the country I live in.
China's economic growth per year is among the highest in the world, this is mostly if not entirely because of Globalization. Before 1979 when Deng Xiaoping created the Open Door policy, China's Economy was almost a straight line going down. It was because of lack of globalization that the Chinese lost the Opium War, the Chinese thought that everything they need is within their boarders, and well obviously they were wrong, because from the Opium War on, as long as they kept their doors closed, they suffered. This just shows that China cannot survive without Globalization.
China's economy grows fast, but this growth is mostly experienced in larger cities such as Beijing or Shanghai.…
