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
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
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
