SEZ's + china casestudy Flashcards

1
Q

SEZ

A

special economic zones

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2
Q

flo-chart for chinas open door

A
  1. opened up to foreign investments by having radical open door reforms
  2. agriculture communes dismantled (farmers can make profits)
  3. urbanisation occurs, migration of 300 mil people
  4. factories and 4 SEZ’s developed in coastal areas to attract foreign investment
  5. now, 400mil people have escaped poverty and the economy is the largest in the world
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3
Q

how do SEZ’s accelerate globalisation

A

the aim is to increase investment, trading, employment as well as attracting FDI which means global locations are further interconnected

eg. china’s SEZ attracted $1bn of foreign investment

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4
Q

how did china’s economy grow as a result of the open door policy 1987

A

FDI totalled $34.5bn between 1979 and 1992
1989 China was the 13th largest exporter compared to 32nd in 1978

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5
Q

China and steel

A

by 2007, China was the larger producer, consumer and exporter of steel - energy subsidies totalled $27bn

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6
Q

China and paper

A

$33bn in subsidies between 2002 and 2009, tripling china’s paper production

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