China Prize Book Flashcards
Who is the Author of the China Prize?
Alexandra Harney
What is the word juggernaut mean?
Something (country) extremely large and powerful that cannot be stopped.
What’s the name of the currency of China?
Renminbi also known as Yuan
What does it mean trade deficit?
An economic measure of a negative balance of trade in which a country’s imports exceeds its exports
What the aim of the China Price book?
Is to uncover the true cost of China’s competitive advantages.
Who are the people behind the China Price?
How do they make goods so cheaply?
At what cost to them and to us?
And how long can they keep it up?
Between 1994 and 2004 what percent of Chinan’s economic growth was accounted to manufacturing?
60%
What the estimated amount that a chinese worker made per hour in 2002?
$0.57 an hour
What the estimated amount of hours that a chinese employee works?
Between 8 to 16 hours a day
Some of China’s cities are leading manufactures in ?
Electrical Appliances (Microwaves)
Cigarretes lighters with metal cases
Children’s clothing
Socks
Neckties
Computers parts
As far as manufacturing why is china unbeatable?
Because many cities in china especiallize in manufacturing goods and have the advantage of having companies that supply material and components to them.
What is another china’s controversial advantages?
Counterfeit goods
(falsificacion de articulos)
As far as the environment what has cause the deaths of hundreds of thousands of chinese every year?
Pollution
What is one of the cost that China paid to SUSTAIN these advantages?
the death of many chinese because of pollution.
Who are the authors of China’s extraordinary growth?
Migrant workers
What is the word capitalism mean?
an economic system in which property, businesses, and industry are owned by individual people and not by the government
