With more spending on health care, the poorer half of India could rise to the wealthier half. There are 100s of millions in the middle class as well as 100s of millions in poverty. In the case of India what should come first a middle class or government spending on health care? (opinion) Shanghai stock market reopened, allowing private ownership of (some) businesses, so foreign factories were created and took advantage of low wages and neglectful enviornmental laws. ![]() When did China become one of the Asian Tigers and how did it happen ? Hong Kong, Singapore, Thailand, South Korea. Who were the four Asian Tigers minus China? What caused Japan's economy to slow by the 1980's?Ī weak government response to a financial panic in the 90s and a combined earthquake and tsunami in 2011, creating drags on growth. How did Japan control its imports after WWII?ĭecreased them by using high tariffs and other trade restrictions on goods made abroad to discourage imports. What did market oriented policy advocate for?Ĭutting taxes, regulations, and government assistance to the poor as a way to promote economic growth. What were two reasons Globalization expanded after the fall of the Soviet Union?Įastern Bloc nations formerly under Soviet control could now trade freely with capitalist democracies, along with international trade agreements and organizations. The increased integration of the global economy since the 1970s. New democracies, economic inequity, ethnic conflict/genocide, terrorism, enviornmental degradation, and global epidemics. ![]() After the fall of the Soviet Union what other challenges threatened the world?
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