Lesson 12: China’s Dramatic Rise

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March 1, 2017 at 10:00 am  •  Posted in s17-econ320 by  •  0 Comments

Wed, Mar 1

Review:

  • South Asia geography
  • Population dynamics
  • India

Presentation:

  • China – Historical References
    • 1949 Mao Tse-tung’s Chinese Communist Party (CCP) takes power.
      • Kuo-min Tang (KMT), led by Chiang Kai-shek, retreats to Taiwan
    • 1958-1959 Great Leap Forward
      • Industrialization campaign
      • Widespread famine kills up to 30 million
    • 1966-1970 Cultural Revolution
      • Red Guards purge “revisionism” (Soviet) and “capitalism” (American) ideals
    • 1978-1987 One Child Policy
    • 1989 Tiananmen Square
    • 1978- 1992 Deng Xioping
      • Architect of new policy combining Socialism with Market Economics
      • Open Door policy allowed Foreign Direct Investment
      • Special Economic Zones were designated
      • Investment from Chinese immigrants living in Indonesia, Singapore, Malaysia and originally from South/Southeast Coastal China (many relocated during Cultural Revolution)
      • Rapid GDP growth
      • FDI 1980-2013
      • Map of FDI activity

Assignment:

  • Divide into 3 groups (India, China and Money Managers)
  • Prepare for discussion on Mon, Mar 6
  • Which country is better positioned to achieve strong economic growth in the coming decade?

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