China and the Global Economy Flashcards
What are Light Industries?
Light Industries relate to small consumer products (not something like steel).
What does China want to do with their factories?
China wants to leave factories in their own economic areas so that same areas can remain “traditional.”
What does China want to do with their new factories?
China wants to put them in rural areas so that their cities do not become bigger.
How is China changing in the global economy?
China is becoming more involved and they are purchasing more things such as energy sources.
In the 21st Century, China has joined the global economy with light industry producing ___.
Consumer goods.
Disparity of income has lead to a(n) ___ within China.
Internal migration.
China’s contribution to the global economy is mainly based on inexpensive and ___ labor.
Low-skill.
To participate in the global economy, China has established _____ along the coast.
Economic Zones.
In the last half of the 20th Century, China’s economy was based mainly on collective farms and _____.
Heavy industry.
China’s success has lead to a rise in _____.
World energy prices.
Workers being paid wages has lead to ___ in the Economic Zones.
Capitalist markets.
Rather than encourage urban growth, China prefers _____.
Township enterprises.
Township Enterprises provide labor for factories and food and ___ for the worker.
Family.
A problem with providing low-pay labor is that _____.
The factory may move.
