8 State Policies

Question 1

(definition)
reduction of state controls on domestic economic activity

Answer 1

deregulation

Question 2

(definition)
transfer of state-owned companies to private-sector ownership

Answer 2

privatization

Question 3

(definition) an inward-oriented development strategy that replaces imports with domestic production (e.g. local manufacturing of previously imported goods

Answer 3

Import-Substituting Industrialization

Question 4

(definition)
An outward-oriented development strategy that emphasizes the production and export of domestically manufactured goods

Answer 4

Export-Oriented Industrialization

Question 5

(definition)
small, administratively unique areas with infrastructure and favourable investment, production, and trading conditions created (by governments) in order to attract export-oriented industries (that are often foreign-owned)

Answer 5

Export Processing Zones

Question 6

(definition) zones established by China in 1979 to encourage foreign investment and export-oriented manufacturing in southern coastal provinces

Answer 6

Special Economic Zones

Question 7

(definition)
zones established in 1965 in northern Mexico (along the Mexican-American border) with foreign-owned factories assembling imported components which are exported to the US as finished products

Answer 7

Maquiladora Program

Question 8

Three Development Strategies:
ICE
ISI
EOI

Answer 8

1. Indigenous commodity export
2. import substituting industrialization
3. export oriented industrialization