ENVS195 Study Guide - Midterm Guide: Original Equipment Manufacturer, Deng Xiaoping, Andrew Mcafee

• School: University of Waterloo
• Department: Environmental Studies
• Course: ENVS195
• Professor: Erin Joakim

Document Summary

Is not going to disappear but become more decentralized. In around 1995, us dropped and china goes up. According to andrew mcafee, chinese labour costs are only 4% of u. s. labour costs. 46. 00 of china"s exports go to asia and 21-24 go towards na and europe each. China imports oil from all around the world, but the biggest imported is saudi. China is buying primary goods from subsaharan africa and selling manufactured goods bacl to them the unequal relationship between exports and imports causes china to seem to be going over the roof. Each type of manufactured exporting is progressively more difficult to establish because it implies a higher degree of domestic integration and local entrepreneurship. Therefore, industrial development is enhanced as countries move from stage 2 to 5. China"s tech exports have gone up over the years while primary exports have gone down. U. s. excess consumption model; china and other asia increasing dependence on export- oriented economic wealth creation.