1. USA had 3 Cold War initiative for Asian trade after WW2 (engines of globalization). Can you explain what they are
what were the results of these initiatives? (200 words)
2. South Korea is famous for its spectacular rise from one of the poorest countries in the world to a developed, highincome country in just one generation. In about 200 words, can you summarize the three major factors of why
Korea is so successful?
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 .
4. In the late 1980’s, the rapid rising cost in Taiwan had started to drive investments to lower wage countries.
a. In about 200 words, please explain Taiwan’s policies that kept its economy growing rapidly after 1979.
b. Explain the advantages (political, cultural, economic) of Taiwan that Japan did not have 20 years ago.
5. In 1980, China established Special Economic Zones (SEZ). Please answer the following QUESTIONS: (100 words
each)
a. Describe what is a Special Economic Zone?
b. Why did Deng Xiaoping create these Special Economic Zones?
c. How does Special Economic zone help the growth of China, especially in the 1990’s?
d. What did “Reform and Opening” do for the Chinese economy?
6. “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 200 words, will you explain this statement and give examples of the current
status of China’s economic development?
7. In the “GLOBAL POWER SHIFT” lecture, PWC talked about the 3 basic trends. Please explain what these basic
trends are (100 words each)
a. the dispersion of economic power,
b. the continuing evolution of state-directed growth models,
c. the accelerating disruption felt by business from technological change