Reconciliatio Nwith Old Enemies And Hte Return Of Hong Kong Flashcards
What events strengthened sino-us relations
In Mao’s final years the seeds of friendship were sown: 1971 Us national security advisor Henry Kissinger visited china, Later in 1972 Nixon came to sign the Shanghai communique.
In 1971 a UN vote of Member nations had transferred China’s place on the security council from Taiwan to China.
When did Deng Xiaoping take over China
1978.
Dengs outlook was very different to Mao economically - ‘international isolation leads to economic backwardness, causing political and military humiliation by foreign powers’
‘It doesn’t matter if the cat is black or white so long as it catches the mice’
What did joining the UN Security Council mean
International recognition of the PRC as the sole legitimate government of China
Would allow China to participate in Global politics on an equal footing to the USA, USSR, Britain and France.
Only non western, non white developing Asian country.
Why did the desire to open China change attitudes in the UN
The PRC desisted from ideological polemics in the hope of developing trade and diplomatic links with the USA and West.
Co-operation with western national was essential to modernise China’s domestic economy by acquiring advanced technology and training.
Their advancement can be seen with their non participation votes
1970s 32.3% non participation
1980s 6.2% non participation
In the 1980s as well china also dropped its opposition to peacekeeping missions and began participating in subsidiary bodies.
What is an instance of China standing up to the USA
In 1981 when China blocked the reappointment of US-sponsored Kurt Waldheim as UN secretary-general in favour of Tanzanian candidate.
What are examples of China playing an active role in international politics.
China supported UN resolution 462 to call for an emergency session of the UN general assembly to discuss the USSR’s invasion of Afghanistan
1970s were an apprenticeship for the PRC where it familliared itself with the workings of international institutions, By the 1980s China had grown sufficiently confident to secure its priorities of improved relations with the west.
Which 2 events altered China’s participation in the UN in the 1990s
Tiananmen Square protests of 1989, CCP’s crackdown of the protests jeopardised China’s relations with the west International media reported in detail as the PLA brutally put down the pro-democracy protesters. However there was no economic sanctions or diplomatic isolation there was just condemnation of their actions
China was too important in international trade. In 1990 as the UN prepared to enter the GUlf war China was able to absolve itself of any lasting damage to its reputation in exchange for supporting the UN’s mandate for intervention, after this the world bank gave a loan of US$114.3 Million.
and other was the collapse of the Soviet Union in 1991.
What was the result of the collapse of the Soviet Union
This left China as the only major communist country in the world.
China’s involvement in the UN signalled a new chapter for foreign relations. Deng used participation in the UN to foster improved international relations, which held the key to economic modernisation.
What is the difference between the IMF and the World Bank
IMF - International Monetary Fund
This is for economic development and stability with Loans and investment
World Bank
Reduction of poverty, Loans are ring fenced meaning money canon only be used for what it is described for. There has to be a report ‘world bank report’ (20% of all loans were ring fenced fro training purposes)
How did the IMF encourage China to reform
Push for decentralisation in china
Less direct government involvement
Acceptance of free market values such as controlling money supply and interest
Changing the taxation system and extending foreign trade and loans
What did the IMF recommend for China to boos their economy
1986 increased interest rates and devalued the yuan from the advice of the IMF
IMF membership also mad economic policy more transparent, with the sharing of sensitive data benefitting economic development
How did the World Bank boost Chinas economy
In 1980, a world bank delegation to China greed 5 development loans
$200million for education, $125million for Freight transportation, $60million for irrigation, $75million for Agricultural education and $70 million for China to trade and loan in different foreign exchanges e.g. acquiring natural resources, new technology.
From 1980-1997 China received 192 loans acquainting to $30Billion
What was the significance of the world bank report
This was a full and frank assessment of China’s economy since 1949.
Praising the provision of healthcare and education, and nothing a mild redistribution of wealth as well as rapid economic and specifically industrial growth, the report criticised past errors
It concluded Due to Maoist economics it had slowed progress and there was insufficient emphasis on raising livings standards
What is the difference between Micr and macro economics
Macro is the overall economy
Micro is the individual businesses
The world bank report said to widen its investment to macro economics rather than Microeconomics.
What else did the world bank intorduce that wasn’t just loans
Concepts such as cost-benefit analysis and appraisal, competitive bidding, independent engineering supervision and environmental assessment became common.
World bank involvement was the use of modern technologies in grain handling and power generation. Efficiency and sustainability became the by words for the world bank’s effect of China’s economy.
What were the main goals and methods of the economic transformation
Concentrate on fiscal reform
To modernise the function of state-owned enterprises and to privatise all but the largest companies
To establish a universal foreign exchange
Enable banking reform with the creation of 3 state owned banks to subsidies than support state directed programs