China s Become A Global Superpower And Its Transformation...

I once regretted that I majored in Chinese Language and Literature. Even after completing my Master s degree in China I could not see the practical use of my studies. However, now I think it has become my strength to comprehend Chinese Language and culture as a student who seeks to research on the International Studies related to China as a Ph.D. candidate. During my study in China, I witnessed China’s emergence as a global superpower and its transformation from a development aid recipient to a donor country. This particularly intrigued me more than its language and culture. The transformation was similar to my home country, Korea, but this time I was able to witness it. China’s growing foreign aid started to have a significant impact on the landscape of the global development community and became a formidable alternative to existing Official Development Assistant (ODA). A non-OECD country, has become the center of controversies with its foreign aid policies. I was intr igued with this phenomenon and encountered a question: â€Å"How do developed countries (traditional donors) and developing countries (development aid recipients) work with China to enhance positive developments and minimize frictions?† In the pursuit of solution to my question, I enrolled the second Master’s degree in Public Policy at KDI School of Public Policy and Management where I gained a great deal of academic knowledge about public policy, global governance and political economy. Also, I have built myShow MoreRelatedRise of Brics Economy and Its Impact on Global Stock Markets9547 Words   |  39 Pages2013 Rise of BRICS Economy and its Impact on Global Stock Markets Naganathan Venkatesh Research Scholar, NITTTR, Chennai, India Abstract The world is changing and becoming increasingly multipolar due to the emergence of China, India, Russia, Brazil and South Africa forming so called BRICS. 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