Special Economic Zones
Notes
- 1979 four special economic zones were opened for trade and investment with the west
- Foreign firms were allowed to operate here
- Cheap labour was provided
- New technology and management practices were introduced
- Most firms come from Hong Kong to take advantage of the cheap labour
Summary
in 1979, four special economic zones were opened for trade and investment with the west in China. foreign firms were allowed to operate in these areas. Cheap labour was in large supply. There was a lot of new technology as well as new management practices introduced during this time. Most of the firms in these areas came from Hong Kong, and took advantage of the Cheap labour.
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Subjunctive Question
Do you think these industrial zones were a good idea?
Political Cartoon
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Quote
"The "China Price" refers to the pricing pressure placed on developing economies by Western brands and companies seeking the lowest possible product unit price."
- Chee Kian Leong
- Chee Kian Leong