Case Study - China - Third generation NIC Flashcards
1
Q
What did the Chinese gov. hope FDI would lead to?
A
An increase in exports
2
Q
When were farmers encouraged to make profits for themselves?
A
1980s
3
Q
What are SEZs
A
Special Economic Zones - where companies are encourage to set up manufacturing plants in return for preferable tax rates
4
Q
By what percentage has China’s economy grown since the 90’s?
A
More than 8% per year
5
Q
How much inward investment was there in 2006?
A
$63 billion
6
Q
When did China join the WTO?
A
2001
7
Q
What issues still remain?
A
- rural-urban migration (local gov. issues: housing, education etc.)
- Environment is deteriorating in many areas
