India & China Flashcards
What is globalisation?
The process by which regional economies, societies and cultures have become integrated
Over how many years has India’s success developed over?
30 years
Where are the major concentrations of the IT industry located in India?
Mumbai, Hyderabad and Bangalore
What is the labour like in India?
India is capitalising on its large, well educated workforce
How many graduates does India produce each year?
Over a million graduates
What are the cost advantages of offshoring to India like?
Significant
Why is India’s geographic location important?
It’s 10.5 hrs ahead of mainland USA. Jobs sent in evening in USA can be completed in India during the day
What is offshoring?
Moving jobs or operations to another country
What is India expected to be by 2040?
The 2nd Largest economy in the world
What is some of India’s recent success?
Call centres
Why does having fluent English speakers give India an advantage?
When marketing call centre services to English-speaking world.
What is Bangalore like in terms of tech?
A long-established tech hub
Why is Bangalore a tech hub?
Due to early investment in 1980s by foreign TNCs.
What is China a top country in?
Share of global manufacturing
What did the global shift of manufacturing played an important role?
Extreme poverty
What did extreme poverty fall to?
From 60% in 1990 to 16% by 2005
What was China known as in the 1990s?
Workshop of the world
What has helped China move up the manufacturing value chain?
Strategic planning by government
What is China’s economy like?
Maturing rapidly
Why have sweatshop style jobs moved to Bangladesh from China?
Labour costs remain lower
What is air pollution like in China?
Reduces life expectancy in 5 years
Why is WHO concerned about people in China?
Very high levels of PM 2.5
What has China’s economic growth been based off in the last 30 years?
On the expansion of manufacturing of consumer goods for richer countries
What has China emerged as?
The world’s major trading power
What is China responsible for? Imports and Exports
Nearly 20% of all global exports and around 15% of all global imports.
What are India’s top exports? 3 items
Refined petroleum, gold and cars
What are India’s top imports?
Crude oil for refining and exporting
What are India’s main export destinations? 4 places
UK
EU
USA
China
What is India’s economy like?
More diverse economy with more integrated commercially service sector
What is China and India’s issue?
Food security
