China, NICs Flashcards
How much has the GNI per capita rose from since 1978-2010?
$180 in 1978 to $2940 in 2010
What is the economy growth rate per year?
10%
Since 1978, what has led to economic growth?
Economic reforms and changes in government policy
The government encouraged imports and exports by reducing tariffs and taxes, what impact did this have on exports?
Exports rose 19% per year between 1981 and 1994
Greater investment in education led to…
A workforce that is more attractive to TNCs
Greater investment in infrastructure…
Made it easier for manufactures to operate
In 1978, the Chinese government began moving from a centrally planned economy to what?
A market orientated system
Special economic zones encouraged what?
Foreign companies to set up manufacturing plants in return for preferable tax rates
How many cities did the government designate as open cities?
14
Name 3 problems with the growth in China…
Unemployment has grown
Poverty led to massive rural-urban migration
Environment is deteroriating
China is the 2nd largest…
Economy
Trading nation
Importer of goods
