What did “Reform and Opening” do for the Chinese economy?

1. South Korea is famous for its spectacular rise from one of the poorest countries in the
   world to a developed, high income country in just one generation. In about 200 words, can you
   summarize the three major factors of why Korea is so successful? 15 points
2. Sony, once the king of the hill in consumer electronics, has been handily eclipsed by
   Samsung. Samsung grew from a simple grocery store to tech titans, and this state of affairs is
   reflected in millions of global consumers’ household electronics devices. Sony’s market value is
   now one-ninth that of Samsung Electronics. What happened? Why did Samsung become
   successful? Can you summarize the three major factors of why Samsung is so successful? (15
   points totals. 150 words)
3. India is now a top IT outsourcing destination for many large corporations in the West. It
   is an example of the growth of a knowledge industry in a largely poor, developing country. In
   about 200 words, can you summarize three major factors of why India is successful in IT
   Outsourcing? (15 points)
4. In the late 1980’s, the rapid rising cost in Taiwan had started to drive investments to
   lower wage countries. Fortunately, Taiwan has advantages (political, cultural, economic) that
   Japan did not have 20 years ago. In about 200 words, please explain Taiwan’s policies that kept
   its economy growing rapidly after 1979. (15 points)
5. In 1980, China established Special Economic Zones (SEZ). China’s Special Economic
   Zones were significant in building the global powerhouse China is of today. Please answer the
   following QUESTIONS: (100 words each) (15 points)
   a. What did “Reform and Opening” do for the Chinese economy?
   b. Describe what is a Special Economic Zone?
   c. How does Special Economic zone help the growth of China, especially in the
   1990’s?
6. By welcoming foreign direct investment (FDI), China’s open-door policy has added
   power to its economic transformation. Please answer the following QUESTIONS: (100 words
   each) (15 points total)
   a. How did the encouragement of foreign direct investment specifically in
   manufacturing helped China’s growth?
   b. How did China solve the labor shortage problem in these Special Economic
   Zones?
   c. What did China do to improve the investment climate for the private sectors?
7. “China’s economy is at a significant crossroads after 2012, it has come to the end of the
   export focused industrial model of development.” In about 150 words, will you explain this
   statement and give examples of the status of China’s economic development? (15 points)
   Ref: https://www.everycrsreport.com/reports/RL33534.html
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8. Starbucks Has an Eye-Popping New China Plan: Open a Store Every 15 Hours For 4 Years. In
   about 150 words, can you tell us why Starbucks is successful in China? (Please use references
   from WSJ, NYTimes, SCMP, etc) (15 points)
9. US China “Decoupling” is Washington’s new foreign policy buzzword: For the White House,
   the phrase is shorthand for the administration’s commitment, through taxes, tariffs, and other
   incentives, to disentangle its companies and their technologies from China’s supply chains. Yet,
   American companies that produce, import, or exports from China are caught in US China Trade
   War crossfire. The deepening economic rivalry creates a headache for multinational companies
   that have spent decades constructing global supply chains and building market share in China. In
   your own words, can you comment on these ongoing trade issues between US and China? (150
   words) (15 points)
10. Academics and policymakers have debated the appropriate role of public policy in
    developing economies. Most of the East Asian growth is attributable to seemingly miraculous
    achievement in the high performing Asian economies: Japan, Hong Kong, the Republic of
    Korea, Singapore, and later, China. The growth in some of the East Asian economies has raised
    complex and controversial questions concerning the relationship between government, the
    private sector, and the market. (15 points)
    In about 150 words, please describe what you have learned from studying these East Asian
    successes? Do you think this is a sustainable model for the rest of the developing world?
    Reference: Lessons from the East Asian Development Model, John Julian 2014
    https://www.strategy-business.com/blog/Lessons-from-the-East-Asian-Development-Model