China has moved to central place in in the functioning of many global value chains. Choose one sector e.g.• a commodity• or sector (textiles, ICT, consumer goods, services).Has China’s domestic industry policy played an important role in integration and expansion into GVCs?• If so, how?• If not, want other explanations more important / convincing?Remember• Only need to outline main concepts• Use concepts from lecture but may look up other sources• E.g. Li, Xin., Meng, Bo. and Wang, Zhi (2019) Chapter 1. Recent patterns of global production and GVCparticipation in Global Value China Development Report 2019, OECD. https://www.oecd.org/dev/Global-Value-Chain-Development-Report-2019-Technological-Innovation-Supply-Chain-Trade-and-Workers-in-a-Globalized-World.pdf• Good practice for the exam!

What are the motives of Chinese firms to go global?

Which of the following was a feature of the first phase of China's market transition?Group of answer choicesFocus on heavy industry given policy priorityBanking and financial sector reformsDecentralisation and incentivizing SOEsexport oriented growth through joining the WTOThe abolition of dual track price system

what role does China play during the process of globalization?

In the early 2000s, Chinese companies exported much of their output because… Group of answer choices China is in the Northern Hemisphere and goods naturally flow downwards toward the equator and East to West due to the Earth’s rotation. They tended to manufacture under license for foreign buyers. They were all wholly owned subsidiaries of foreign multinationals. Chinese consumers are very hard to please.

Based on The Global Competitiveness Report 2019 (World Economic Forum), which of the following Pillars of the Global Competitiveness Index need to be improved most urgently in China?i) Institutions: Security, property rights, social capital, checks and balances, transparency and ethics, public-sector performance and corporate governanceii) Product market: The extent to which a country provides an even playing field for companies to participate in its markets. It is measured in terms of extent of market power, openness to foreign firms and the degree of market distortionsiii) Labour market: The extent to which human resources can be re- organized and “talent management”, namely, the extent to which human resources are leveragediv) Financial system: The depth, namely the availability of credit, equity, debt, insurance and other financial products, and the stability, namely, the mitigation of excessive risk-taking and opportunistic behaviour of the financial system.A.i, iii, ivB.i, ii, ivC.i, ii, iiiD.ii, iii, iv