Impacts of Economic Sector Shift in an Emerging Economy Flashcards
Who introduced major economic reforms in 1978?
Deng Xioping
What were its aims?
To develop the manufacturing industry and allow FDI
What was China before this?
Mainly an agricultural economy
What stage is it in according to the Clark-Fisher Model?
Industrial
What percentage of the population was employed in agriculture in 1978?
70%
What percentage of the population was employed in agriculture in 2020?
24%
What percentage of people were living in extreme poverty in 1981?
88%
What percentage of people were living in extreme poverty in 2015?
Less than 1%
What greatly improved as a result of the reforms?
Housing, healthcare and education
What encouraged further economic development?
Better infrastructure such as roads, airports, ports and railways.
What has China joined since opening up economically?
Organisations like the WTO
What has increased as a result of global companies realising the economic advantages of investing in China?
Levels of foreign direct investment
What are China the largest global producers of?
Carbon dioxide
What is there an increase of?
Economic inequality between urban richest and rural population
What high tech company is sometimes not trusted by wider world?
Huawei
What is there a high level of in urban areas causing respiratory illness such as asthma?
Air pollution
