SEZ's + china casestudy Flashcards
1
Q
SEZ
A
special economic zones
2
Q
flo-chart for chinas open door
A
- opened up to foreign investments by having radical open door reforms
- agriculture communes dismantled (farmers can make profits)
- urbanisation occurs, migration of 300 mil people
- factories and 4 SEZ’s developed in coastal areas to attract foreign investment
- now, 400mil people have escaped poverty and the economy is the largest in the world
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
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
5
Q
China and steel
A
by 2007, China was the larger producer, consumer and exporter of steel - energy subsidies totalled $27bn
6
Q
China and paper
A
$33bn in subsidies between 2002 and 2009, tripling china’s paper production