Whenever people talk about Danmark, it is very easily associated with furnitures. Danish furniture has undoubtedly gained popularity worldwide, but it was not always the case. I learned what has changed to Danish furniture industry from reading "The internationalization of Danish furniture; A value chain perspective" by Lars Hedemann and Mogens Rostgaard Nissen. Before 1970, furniture industry in Denmark was still pretty much unknown to the world because it was an industry meant for Danish people. They have never thought that by expanding the market and exporting their goods can bring the country massive success. With globalization after 1990, their furniture business was eventually spread worldwide. The success from opening the market is a necessary step for every country nowadays. In China, the very last dynasty (Qing) feared of letting other countries’ influence change its people’s world view and economic status. Free market was strictly prohibited. As a result, Chinese economy was at an extremely low point and government was corrupted. Although opening the market to the world is a good thing, there should always be a balance between how much is imported and how much is exported. It is a myth that more traditionally speaking “developed” countries choose to import more than what they export. This is because resources are limited therefore very precious. The more resources that can be accumulated the better for a country’s long term growth. Today, China, as a “developing country”, still export more than import.
Setser, B. (2016, October 14). Chinese Exports and Imports Are Growing in 2016 (In Real Terms).
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