Week 4 Article: China and The Global South Flashcards

1
Q

What are the 3 regions mentioned whose multinational firms have world-spanning operations?

A

America, Europe and slightly, Japan

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What is the battleground of the new commercial contest?

A

The fast-growing economies of the global south

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What 2 forms are the expansion of Chinese business taking?

A

a) Globalised supply chains and b) targeting the 5 billion consumers of the developing world

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

How is China globalising their goods and services?

A

By supplying largely to the developing world (ex. Producing half of the phones bought in Africa, being the lead supplier of patient monitoring systems in Latin America and expanding EV and wind turbine production in the developing world)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

How does this (China’s globalization methods) differ from the West?

A

The West is putting up trade barriers to keep out Chinese goods and is turning inward.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What are the positive sides of China’s globalization?

A

It brings valuable resources to help the countries develop at an affordable rate ($100 dollar smartphones in Africa, affordable medical care in Latin America, low cost climate-friendly tech)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

If current trends continue, when will China surpass European firms and be on par with American ones?

A

2030

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What should host-countries of Chinese globalization balance when dealing with them?

A

a) Protectionism and b) Passivity

How well did you know this?
1
Not at all
2
3
4
5
Perfectly