outsourcing of manufacturing to China Flashcards

1
Q

key info

A

China was nicknamed ‘workshop of the world’ in 1990s
after 2000, wages increased by 30-65% (honda employees earn £300 a month)
economy is maturing quickly

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2
Q

costs of global outsourcing

A

exploitation, 25,000 lost a limb/finger in metal work in Yongkang
WHO concerned by high levels of small particulates PM 2.5 causing cancers and strokes

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3
Q

benefits of global outsourcing

A

poverty reduction of 88% to 0.7% of pop in 2018
incomes have increased by 30-65% -> people can afford comsumer goods
transfer of technology means Chinese companies can develop their own products

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