Lecture4

Lecture4 - Christie Hua 4/8/09 LECTURE 4 THE CHINESE...

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Christie Hua 4/8/09 LECTURE 4 – THE CHINESE CENTURY? I. East Asia a. Singapore, Taiwan, Japan, primarily China i. Fastest growing area in world today ii. Will be the dominant region in the world iii. How has this happened? Esp for China? II. China a. World’s factory b. Laborers = Chinese women i. Terrible conditions ii. China now competing technologically with US III. The Four Dragons: Economnic Development in East Asia today a. South Korea b. N. Korea just launched satellite c. Singapore i. One of the fastest-growing places in the world today d. Taiwan… aka Formosa i. Where the capitalist Chinese fled e. Hong Kong i. British crown colony IV. Percentage growth in GDP a. East Asia … 7% per year… fastest growing region on planet b. Average figures of growth… doesn’t show equality V. East Asia development today a. East Asian newly industrializing economies grew at 8-10% annually between mid-1980s and 1990s i. Stalled in 1998, growing once again ii. They began as factories for US firms iii. Now they design and market their own clothing, computers, cars b. what accounts for their success? i. Before, the factories were just full of dismal girl workers c. expansion in world trade (1950s – 1980s), providing market for cheaply- produced goods d. Cold War; US pumped billions of dollars into the region to protect against Communist China i. Direct military aid to Taiwan, South Korea ii. Loans for businesses, airports, roads e. began with Japan
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i. destroyed in WWII ii. they rebuilt iii. before, “made in Japan” was only on stuff like plastic flowers iv. Ben Kirtzman decided to sell men’s suits in Japan 1. took long time to deliver goods 2. that’s why they made men’s suits, not women’s clothing 3. two global factors account for rise a. growth of trade b. military spending f. labor regression -> low production costs… repression g. provide low-cost public housing, free education, worker training (Singapore, Hong Kong) h. countries were repressive, no unions i. state economic investment in research and development, investing in key
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This note was uploaded on 06/05/2010 for the course GLBL 2 taught by Professor Nielsen during the Spring '09 term at UCSB.

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Lecture4 - Christie Hua 4/8/09 LECTURE 4 THE CHINESE...

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