3.4) The global shift has created winners and losers for people and the physical environment. Flashcards
1) When did the global shift begin?
1) In the 1970s and 1980s.
1) What are the Pacific Rim countries?
1) Japan, Hong Kong and South Korea, which were then followed by China and India.
1) How much more trade happens between Asia and America, than between America and Europe.
1) The value of trade between Asia and America was double.
1) What has India done to accelerate this global shift?
1) They allow overseas companies access to their markets, thanks to their open-door policy.
1) How did TNC’s contribute to this global shift?
1) They sought new areas for manufacturing, and for outsourcing services.
1) How did FDI accelerate the global shift?
1) More of it began to flow into emerging or re-emerging Asian countries.
1) What has the global shift to China mainly been focused on?
1) Manufacturing
1) Since when has China been the largest recipient of the FDI?
1) 2000
1) By how much did its share of global trade grow, from 2001 to 2013?
1) From 3% to 10%
1) What does rapid industrialisation also cause?
1) Rapid urbanisation
1) By 2015, how many cities did China have, with a population of over 1 million?
1) 150 cities, up from 30 cities in 2000.
1) Benefits: How has there been more investment in infrastructure, by 2016?
1) > They had developed the world’s longest highway network.
> Its rail system reached 100,00 km.
> Its HSR system was the world’s longest.
> Shanghai’s Maglev became the world’s fastest train.
> 82 airports had been built since 2000.
1) Benefits: How have there been reductions in poverty?
1) >300 million Chinese people are considered to be middle class, by 2022 45% of the population will be urban middle class.
> Chinese bought more TVs and laptops than Americans in 2013.
> Between 1981 and 2010, the number of people living in poverty was reduced by 680 million.
> Between 1980 and 2016, extreme poverty rates were reduced from 84% to 10%.
> 20% of population still live on less than US$2 a day.
> Remittance payments from urban family members help them.
1) Benefits: What increases have there been in urban incomes?
1) > Income growth thanks to slower population growth and economic growth.
> The relaxed one-child policy meant that employers had to pay higher wages.
> Since 2005, urban incomes have grown by 10% a year.
> By 2014, they averaged US$9000 a year.
> However, there is a growing urban-rural divide. In 2013, per capita income for the poorest 20% of rural households was £412, in comparison to over £9000 for the richest 20% in cities.
1) Benefits: How has education and training improved?
1) > Education free and compulsory between aged of 6 and 15.
> 94% of Chinese are literate, compared to 20% in 1950.
> In 2014, 7.2 million graduated from university, 15 times higher than in 2000.
> A more skilled workforce, allows for the expansion of knowledge and service sectors.
> However, per capita spending on secondary education varies from £2200 in Beijing, to £300 in Guizhou.