GPE: Final

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The widening gap in China is between...: mostly urban rich and mostly rural poor
Percent of China Villages with no running water: 40%
China: Village protests against corrupt officials, poor medical services and bad schools are ignored becasue (2 reasons): 1. distance or lack of information 2. internet is considered "enemy of state"
How many Chinese people moved to urban areas in the last 20 years?: 300-400 million
How many Chinese people are expected to move to urban areas wihtin the next 15 years?: 300 million
China: how long does it take a Chinese person to get a passport?: 1 week
China: Where do foreigners in China live?: Foreigners live outside of compounds
China: What is the major effect of the commercialization of the press and media?: Faster communication will change their need for the commmunist state
China: What is the avenue of survival for communist authorities?: Nationalism (economy is not the motive for collapse of communism)
China: Cheap capital favors...: investments in capital intensive technology
China: Cheap capital does not favor...: investments in labor intensive technology
China: where are the jobs?: Job opportunities are concentrated in urban areas.
China: How much of China's population lives in rural areas?: 60%
China: The fact that 60% of China's population lives in rural areas causes what problem?: infrastructure is a daunting task
Japan: How do they prosper?: Exports
Japan: Japan is a mix of what type of economies?: modern economy with traditional social relations
Japan: What do they emphasize in education?: basic science
Japan: their industrial structure is?: oligopolistic (KEIRETSU)
Japan: Japanese government pursues...: industrial policy of choice
Japan: who is unemployed?: There are more middle-aged unemployed men in Japan
Japan: Unemployment is growing for men...: aged 45-54
Japan: Unemployment for is decreasing for women...: ages 25-34
Japan: service employment is concentrated where?: In smaller companies that offer no job security.
Russia: How did Putin/Medviediew reinvent Russia?: They made it a resource supplier to the world.
Russia: What type of policial system?: State Capitalism: autocracy and capitalist economy.
Russia: Loss of oil revenue exposed what flaw?: russia is not a mixed economy.
Russia: Oil revenues fund...: FSB state, security apparatus, military and personal fortunes
Russia: Due to the current recession Russia will...: be more assertive internationally
Russia: What Russian group will want to intimidate our new pres?: the Kremlin
Russia: which group wanted to intimidate JFK?: Khrushev
Russia: In the face of unemployment and economic downturn, Kremlin is likely to...: Refocus attention to issues of national security.
Russia: what is the next goal of the Kremlin?: Political control of Ukraine and Crimean Penninsula. Maybe Latvia also.
Russia: Putin will use _____ to cool EU into submission?: Gas weapon. Germany needs them.
Russia: spending spree?: RUssia spent 150 billion of reserves on economy and are down to 450 billion
Russia: What happened to ruble?: It has depreciated and moneyholders are running from it.
Russia: Russian stocks have lost ____ billion since August 2008?: 400 bil
EU: treat of rome...what year?: 1957
Eu: What did treaty of rome establish?: common market common external tariff, elimination of free trade barriers, free movement of factors of production
EU: what did the 87 single european act do?: aimed at the completion of single market
EU: What treaty was signed in 1992?: Treaty on European Union
EU: the treaty on the european union paved the way for the _______ treaty: Maastricht
EU: euro was established in what year?: 1999
EU: European Union constitution was est in what year?: 2004
EU: Explain European Comission: executive body, 27 comissioners responsible for policy area
EU: explain council of european union: the principal descision making institution in the EU.
EU: What is the informal name of the Council of the European union?: The Council of Ministers
What does the Council of the european union/ council of ministers do?: legislative branch, enacts in to law comission's proposals
EU: What is the European parliament?: 732 member body that represents the popular interests of the EU
EU: what is the european council?: A meeting of the heads of the member countries
EU: Does not support...: US policy objectives in Afganistan and Iraq
EU: weakness?: vulnerable to pressure from russia
EU: mutual trade is ____ billion per year: 950
EU: US trades how much with Mexico/Canada and Asia: Mexico/ Canada- 970 million Asia- 1.2 billion
EU: American firms sell _____ worth of goods and services in europe. thats ___x more than asia and ___x more than NAFTa: 3.8 trillion 2 4
EU: US investments were __x larger than Asia and __x larger than BRIC: 3 16
EU: In 1997 profits of US firms in Europe were ____ in 2007 they were ____: 46 billion 177 billion
EU: American firms generate ___% of GDP in Ireland, __% in GB and __% in Belgium: 22 17 6
EU:__% of FDI in US comes from Europe: 71
EU: Europeans invested ___ in US. China invested ___ in US: 1 trillion 33 billion
EU: in 2006 Europeans invested in US, __x more than in China and __X more than in India: 12 28
What Country is the largest democracy In rhe world?: india
India: What are Indiaâ€™s 4 biggest problems?: Sanitation, transportation, power supply, bureaucracy
India: percentage of sewer water that is treated: 13%
India: what type of bacteria is 3000 times above safe level: gagnes bacteria
India: 1000 children die each day from: diarrehea
India: how many people have no access to proper toilets: 700 million-1.1 billion
India: How much is FDI?: 4.7 billion
China: how much is FDI?: 50 billion
India: what are three major impediments to infrastructure: transportation water supply power supply
India: What did the political controversies do?: held up GE and bechtel from building a power plant
India: Privatization and FDI have: held bureacracy at a givernment level
India: how many people are in India's tax base?: just 30 million
India: India: What does the small tax base do to India?: Makes the government run structural deficits
India: what does debt service do?: absorbs capital and makes it too expensive
India: What is the result of debt service?: low capital formation
USA: USA represents ___ % of the world population: 4
USA: The USA produces __% of all the worlds goods and services.: 26
USA: GDP was __ trillion. World GDP was __ trillion.: 14 54
USA economy is __% of world economy: 26
Second largest economy in the world?: Japan
Japan GDP?: 4.4 trillion
USA: crude oil output is __% of Saudi Arabia: 85
USA: in 2006, USA was 2nd largest natural gas producer behind ___: Russia
USA: we spend __% of the worlds expenditures on military: 50
USA: military spending is __% of gdp?: 4.1
Higher education investments USA, Europe, Japan: 2.6% of GDP 1.2% of GDP 1.1% of GDP
Economics is:: The science about the relations between the economy and the society.
USA has ___ of worlds best universities: 8
USA problems: election/ political financing, taxcode must be simplified (flat tax should be considered)
USA: what industry is destroying car industry?: health care
USA: talk about "the other half": Jacob Riiss's XIX century work about 50 percent of forgotten impoverished americans
What is Plutonomy?: an economy dominated by the spending of the rich
In 1982, 400 richest people had...: $92 billion dollars
400 richest people in 2006 had...: 1250 billion bucks!
Percentage of high net worth portfolios US= Europe= Asia=: 20% 15% 10%
2008 demand for gold rose by __%: 64
equities market is shrinking while __ is growing: cash fixed income investments
percentage of political donors that earned 100k +: 85%
percentage of political donors that earned 50k or less: 5%
what is "the Next 100 years": book about american culture
How many cars does the united states produce anually?: 15 million
USA: our economy will be twice the size of china in..: 2025
USA: household savings in 2007 were...: 1/10 of a percent
Which (2) countries use State Capitalism?: China, Russia
Which (2) countries use market capitalism?: US and EU

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Deck Info

Number of cards 105

Created By mmurra05