EQ2 Global shift in India and China Flashcards
1
Q
When did China open up to globalization?
A
1978 with open door policy
2
Q
When did china open up to globalisation?
A
1991 with economic liberalisation (promotes free trade, less privatization)
3
Q
What did India specialize in after global shift and why?
A
-Providing services like call centers
-English is widely spoken across India because of rule of British Empire in the past
4
Q
What did china specialize in after the global shift and why?
A
-Specialized in manufacturing industries
-This was because of the vast majority of people willing to work