All Notes for GEOG 2253

Asia200millionpeople nationallanguagebangladesh

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: y primary, junior and high school Taiwan and Hong Kong— Taiwan economy organized around small and mid­sized family firms Taiwanese investors and businesses have become major investors in mainland China Hong Kong— Laissez­faire economy, market freedom and minimal state intervention Concerns over transition to Chinese rule Moved many factories to southern China Focuses on services, banking, entertainment Close connection with US, Canada and UK Chinese Development— China’s economic rise reshaping the economy of the entire world Due to the physical size of China and its large population Post­Communist Economy Death of Mao Zedong in 1976, allowed new leaders to foster closer ties with the world economy China no longer exclusively communist but not truly capitalist either Communist Party maintains monopoly of political power Government still operates heavy industry and still controls many elements of the economy Industrial Reform— Deng Xiaoping initiated market reforms Privatized businesses reopened the Stock Market Creation of SEZs (Special Economic Zones) To attract foreign investment Agricultural Cooperatives allowed to produce for the market 2001, joined the WTO Since 1990s, economy growing 10% per year “Chimerica”—China and US economies intertwined China exports far more than it imports Tensions with US, depreciated currency and China’s large holding US treasury bonds Social and Regional Differentiation— Social and regional differentiation Certain portions prosperous, others poor China’s economic transformation mostly benefits the coastal region Interior and Northern China less economic expansion Manchuria home of the “rust belt”—decaying or unused factories Uneven growth has caused many problems Inflation, government corruption, rising crime, poverty and outmigration Most GDP on coast near East/South China Sea and upper border Social Conditions— Communists invest in social development Investments in healthcare, education Today, China has impressive life expectancy Literacy low, but 97% children attend school a rise is therefore expected Human well being varies—regional differences Literacy low in rural parts, better in urban area Disparities between the wealthy and the poor China’s Population Quandary— “One­Child Policy” Introduced in 1978, to reduce population pressures Couples expected to have one child Financial...
View Full Document

This note was uploaded on 02/07/2014 for the course GEOG 2253 taught by Professor Staff during the Spring '08 term at Oklahoma State.

Ask a homework question - tutors are online