ADDITIONAL MATERIALS FOR 59201 AND 59202 TESTS

BELOW WILL BE ADDED TO BLOG FOR 592 01 AND 592 02 TEST

7. Be able to recall two ways by which the PRC stimulated its exports.
KEPT WAGES LOW – KEPT PEOPLE POOR
ALSO POOR PEOPLE DON’T BUY MUCH STUFF
DEPRECIATE THE CURRENCYPOR
TERMS OF TRADE WORSENS
1983 RMB2/US$
TWO BOWL OF FRIED RICE/BIG MAC


2007 RMB8/US$
8 BOWLS OF FRIED RICE/BIG MAC
POOR CHINESE PEOPLE ARE GETTING POORER ..



8. Be able to explain why the PRC should not follow the same path of economic development as Taiwan.
9. Be able to recall the business implication of understanding the PRC's export‑push policies.
10. Be able to recall the effect of country‑to‑country trade agreements.
11. Be able to recall the effect of US‑PRC agreement on wheat in the early 1980's.
SKIP 12. Be able to explain the importance of understanding countries' resource abundance to long‑term business strategy.
13. Be able to explain how understanding economic policies can help in corporate strategic planning.
KNOW POLICIES
KNOW EFFECT OF POLICIES ON THE ECONOMY
KNOW HOW THIS EFFECT AFFECTS YOUR BUSINESS
END OF NEW MATERIALS