POLYS 103 October 17 Lecture 22Outline of Last Lecture I. World Economy and Technology Outline of Current Lecture II. Protests in Hong KongIII. China, in generalIV. Problems in ChinaCurrent LectureThere are massive protests in Hong Kong because the citizens want democracy but the government of China wants to control the processes happening in hong kongWhen the British left Hong Kong, they made promises that Hong Kong could stay democratic butthe Chinese government doesn't agree with this The people who aren't protesting, aren't against the views of the protesters but rather they are afraid that they will get punished or killed even for their protesting The protesting was calming down until police were caught on camera beating a protester. China in general:has a huge economy.9% average GDP growth rate compared to the US growth rate of 2.5%Largest producer in the world of coal, steel, and cementEconomic growth mostly a product of international trade-globalizaitonThe history of China has seen revolutions, fighting for about 50 yearsThe side of the civil war that lost in China was the side that the US supported.The communists-who won in China don't like the US because we sided with the opposing party and also the fact that the US argues strongly against communismSEZ: are “Special economic zones” which are areas in China where citizens can't go. Contrary to the argue that giving people economic choice makes people want political choiceThese notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.There has been modernization in china- mid 1980s into today -massive social and economic change but no political change. China is a ferocious capitalist competitorgovernment policies reinforce natural comparative advantagegovernment subsidies water, electricity, and oilRegulates foreign companies in chinaChina has this system because the primary goal of economic policy is- jobsThere is huge corruption in China their hybrid capitalist/communist system makes it hard to fix the economycapitalism/democracy works because of checks and balances. China has no form of checks and balances. Changing this system involves getting rid of communism in chinaEven though China is not a democratic system, they have regular transfer of powerleader in china came about because he rose up over everyone through power. He was elected by his interest group The government of china is losing the ability to control everything.Internal problems and external problemsChinas decisions/ changes will effect everyone because they are a huge player in the global market. These notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a
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