Case Study - China - Third generation NIC

Question 1

What did the Chinese gov. hope FDI would lead to?

Answer 1

An increase in exports

Question 2

When were farmers encouraged to make profits for themselves?

Answer 2

1980s

Question 3

What are SEZs

Answer 3

Special Economic Zones - where companies are encourage to set up manufacturing plants in return for preferable tax rates

Question 4

By what percentage has China’s economy grown since the 90’s?

Answer 4

More than 8% per year

Question 5

How much inward investment was there in 2006?

Answer 5

$63 billion

Question 6

When did China join the WTO?

Answer 6

2001

Question 7

What issues still remain?

Answer 7

1. rural-urban migration (local gov. issues: housing, education etc.)
2. Environment is deteriorating in many areas