term1 Definition1term2 Definition2term3 Definition3
Please sign in to your Google account to access your documents:
Overview
Spectacular economic growth in the past three decades due to globalisation
The Chinese Government produced economic reforms that led to-
Increased trade, FDI and encouraged the development of a market economy from 1978
Guangdong
Southern Province
Population of 94.5 million
China's second most populous region
Average population density 486 people per km squared.
Globalisation has had a massive impact upon the southern province
Economic Reforms
1978 Chinese Government wanted to increase the standard of living by moving away from a command economy to a more market based one
The opened China up to FDI and International Trade
1980s a number of special economic zones were established in the South
3 of which were in Guangdong
4 year slater 14 coastal cities were awarded the same status , among them was Guangdong's largest city, Guangzhou
Pearl River Delta
1985 China extended it's open coastal area by creating 5 more economic zones
One of which is the Pearl River Delta (PRD) and is the power house of China's export led industrial growth
PRD became prosperous from making clothing, shoes, electronic equipment and toys.
China produces 1/2 worlds microwaves and clothes, 2/3 of the world's shoes and 1/3 of all mobile phones
However
Globalisation has only impacted 30% of the country, mostly costal regions.
Massive amounts of atmospheric pollution from the manufacturing.
People who die as a result of respiratory diseases die at the age of 50 in China
To conclude
Private sector generates 70% of China's GDP
Economy is growing at 10% a year
It's fuel the closing of the development gap economically, however socially and environmentally it is questionable
Need help typing ? See our FAQ (opens in new window)
Please sign in to create this set. We'll bring you back here when you are done.
Discard Changes Sign in
Please sign in to add to folders.
Sign in
Don't have an account? Sign Up »
You have created 2 folders. Please upgrade to Cram Premium to create hundreds of folders!