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soci final2
china2
| Question | Answer |
|---|---|
| Understand important features of China’s economy along the following dimensions: | a) labor cost-low labor cost b) technology-low-margin, high-technology business c) export-driven economy-import high-technology, export finished goods d)sustainability of economic growth-domestic market potential for growth and key to sustainability |
| Explain the general principles of the planned economy in China | goal: rapid industrial growth rational plan drives market decisions “resource constrained” economy control over investment, focus on heavy industries, less on light industry, services, housing,consumer infrastructure consumer gratification delayed |
| Understand the impacts of China’s emergence on global economy | low price inflation of consumer goods higher return on capital rising Chinese demand China investing overseas |
| Understand the economic interdependence between China and US mutual interest in each other’s growing economy | most of China’s export to US manufactured as American brands by American companies increasing US imports from China offset by declining imports from Southeast Asia |
Created by:
sharabeara13
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