Case Study - China - Global Shift In Economic Driving Economy Growth Flashcards
(10 cards)
How did china have lowered production costs
Large population offered cheaper, often well educated labour to the global manufacturing sector, lowering production costs for businesses that had previously used labour in Europe or the USA
Working conditions
Initially were poor and dangerous, but due to regular and attractive wages, jobs in factories caused made scale rural to urban migration, they found jobs in manufacturing hubs such as Shenzhen
Throwaway consumables
In the 1980s Chinese goods tended to be cheap to produce so became highly competitive in the global market
What did the FDI flowing in to china mean
Able to invest in industrial infrastructure such as coal fired power stations and railways and higher level training for workers
What did the increase in FDI attract
Major brands such as Apple and manufactures of higher order foods such as consumer electronics
How did FDI affect working conditions
It improved them through labour practices, people asking to work more than the legal maximum number of hours, this has been criticised by human rights campaigners
How did they rival large international brands in the 2000s
Started manufacturing home grown products
Why is the global shift creating a growing middle class good
Become an important global market for the goods now produced there
Chinas open door policy
Helped china become an attractive destination for manufacturing
Poverty between 1980s and 2022
Has declined by 800 million
