globalisation in china Flashcards
what happened to extreme poverty due to globalisation
-reduced from 88% in 1981 to only 0.7% in 2018
what industry is booming
“hi tec” industry- due to high value products like iphone being manufactured than throwaway sweatshops
what happened in the workshops in earlier years
-around 2500 metal workers in YongKang lost a limb or finger due to dangerous working conditions in factories
example of dangerous air pollution
- the WHO is concerned with the high average levels of deadly particles which can settle in lungs e.g. PM2.5 particles coming from vehical emissions and industry discharge
example of gains from globalisation
car ownership grown from one in a hundred to one in five families since 2000
what has helped encourage local companies
-local companies have adopted technologies and management techniques brought to china by TNC’s
example of one of the worlds largest TNC’s in china
ICBC
why is ICBC so huge
-gov support (state owned- benefit from gov backing- stability and access to resources)
-global expansion (expanded operations internationally- establish branches in key barkets - diversify and attract customers)
-technological investment (advance operational efficiency and improve customer experience)
what has happened to national income
per capita disposable income in 2017 was 2.1X that of 2010
what happened to chinas world trade
share of world trade increased from 1 to 6 percent from 1979 to 2003
unemployment
youth unemployment rose to 21.3% in june 2023
air quality
rated AQI 132 when satisfactory air quality is around or below AQI 100
worker risk
-in dungguan, workers for wintek were poisened by chemicals used to treat iphone touch screen glass
SOC in china
-recent gov inicitives aimed at urbanization and rural development highlight evolving nature of social opportunities
-Rural Revitalization Strategy: Launched in 2017, plan focuses on enhancing rural economies, improving living standards, and promoting sustainable development.
-emphasizes rural infrastructure development, etc.
POL in china
-disputes over territory (border issues affect international relations)
-rural urban divide (difference in resource allocation- areas like Bejing and Shanghai recieve more investment than rural)