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Definition
| Park Chung Hee served as President, centralized power, and nationalized banking |
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| educated males in large companies enjoy early retirement and generous severance pay |
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| both Japan (review) and Germany |
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Definition
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Definition
| practices weak monetary policy, including limited open market operations and a low reserve requirement |
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| high productivity, shortest workweek |
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Definition
| provides few transfers, a minimal safety net, and makes little attempt to redistribute incomes |
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Definition
| workforce is tied to single firms by benefits which inhibit job mobility |
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Definition
| practices Cult of Personality in which citizens are expected to worship "the Kims" |
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Definition
| highest standard of living if gauged by longevity and education |
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| Both Japan (review) and Germany |
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Definition
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Definition
| its Hyundai, Samsung, Daewoo have been somewhat restructured |
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Definition
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Definition
| does not practice any form of market capitalism |
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Definition
| exports high tech finished products and enjoys largest trade surplus in the world |
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Definition
| has a social market economy |
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Definition
| lacks cartel-like business organizations which are centered on a bank, but instead has family-based business conglomerates |
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Definition
| currently practices socialism |
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Definition
| promotes exports in the 1960's, developed heavy and chemical industries in the 1970's and then attempted an economic liberalization under Chun Doo Hwan |
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Term
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Definition
| recently experienced severe macroeconomic turmoil, including contraction and deflation |
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Term
| both Japan (review) and Germany?? |
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Definition
| practices state-directed capitalism using input from a national alliance of government, banking and industry |
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Definition
| fastest growing post-WWII economy, 1950 until the early 1990's |
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Term
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Definition
| currently experiencing the most financial stress from bad loans. Banking sector especially implicated |
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Term
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Definition
| protects its domestic industries through bureaucratic red tape rather than with restricted quotas or import tariffs |
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Term
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Definition
| enjoys notorious "Hermit Kingdom" status |
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| accused of dumping products in American markets to maintain trade surplus |
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Definition
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Definition
| the greatest governmental ownership of means of production |
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Definition
| currently practices the greatest degree of command planning |
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Definition
| practices a guided capitalism |
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Definition
| recently experiencing the so-called "fading miracle" |
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Term
| Helmut Kohl, Gerhard Schroeder |
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Definition
| held office of Chancellor of the new reunified Germany |
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Term
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Definition
| led "national socialist" party, also held office of Chancellor |
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Definition
| led East Germany, slowly nationalizing industries and allowing a small private sector |
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Definition
| is considered the architect of FRG's post-WWII economy |
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Definition
| ejected Jewish scientists who later worked on America's Manhattan Project |
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Definition
| established first government-run health insurance, social security, and workers' compensation |
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Term
| citizens of former West Germany |
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Definition
| resented equal wage policy since productivity differed. Also resented for 1-for-1 currency exchange |
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Term
| citizens of former East Germany |
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Definition
| had no entrepreneurial class other than the owners of small businesses in a small private sector |
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Term
| citizens of former West Germany |
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Definition
| consider former German Democratic Republic citizens as freeloaders |
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Term
| citizens of former West Germany |
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Definition
| feel their taxes are squandered on those conditioned to be lazy and lacking initiative |
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Term
| citizens of former East Germany |
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Definition
| previously enjoyed macroeconomic stability, income equality with a substantial safety net, public housing and transportation and almost zero inflation |
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Term
| citizens of former East Germany |
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Definition
| previously suffered from low standard of living and extensive pollution, especially from coal-burning |
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Term
| citizens of former East Germany |
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Definition
| viewed former Federal Republic of Germany as an "American Colony" |
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Term
| citizens of former East Germany |
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Definition
| enjoyed high labor participation and equal pay for both men and women |
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Term
| citizens of former East Germany |
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Definition
| experienced "Big Bang" transformation from command socialism to a form of market capitalism |
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Term
| citizens of former West Germany |
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Definition
| were aided by the Marshall Plan |
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Term
| citizens of former East Germany |
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Definition
| were included in the CMEA |
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Term
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Definition
| T/F: Germany has a 2-party system, much like the US. This is due primarily to the US political model established during the American occupation post WWII |
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Term
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Definition
T/F: Swedish corporatism, German co-determination and Japanese enterprise unions are similar in that in all three, both labor and owner/management work toward consensus
(Hint: is labor "at the table"?) |
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Term
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Definition
| T/F: Historically, German strengths include high-tech vocational training (apprenticeship/journeymen), strong banking, and dominating automotive, chemical, textile and machinery industries |
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Term
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Definition
| T/F: Current German weaknesses include high unemployment, a significant budget deficit, and increasing strength and violence by new-Nazi skinheads |
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Term
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Definition
| T/F: Germany is more "state-directed" than is Japan |
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Term
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Definition
| T/F: Germany has higher personal income taxes and greater tax progressivity than does Sweden |
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Term
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Definition
| T/F: German conservatives believe too-generous labor practices have resulted in Eurosclerosis |
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Term
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Definition
| T/F: In 1919 Japanese demonstrated in a non-violent pro-independence movement and were harshly suppressed by the Koreans |
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Term
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Definition
| T/F: The GDR experienced the "economic miracle" |
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Term
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Definition
| T/F: Post-WWII, the occupying forces of the US demanded that both Japanese zaibatsu and German Kombinaten be dissolved, due to their possible contribution to intensifying nationalism |
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Term
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Definition
| T/F: The ROK values education and a Confucian work ethic, the DPRK does not |
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Definition
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Term
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Definition
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Definition
| low standard of living, equal distribution of civilian income, low Gini coefficient |
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Term
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Definition
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Term
| Nazi Germany, GDR and DPRK |
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Definition
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Term
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Definition
| nation Kim II-sung rejected as too revisionist after 1953 |
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Term
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Definition
| nation Kim II-sung most emulated until the late 1970's |
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Definition
| nation that annexed both Formosa and Korea |
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Term
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Definition
| its current President is Roh Moo-hyun |
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Term
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Definition
| its current President is Kim Jong-il |
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Term
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Definition
| body of water that lies between ROC and PRC |
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Term
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Definition
| body of water that lies west of Japan |
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Term
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Definition
| body of water that lies between ROK and ROC |
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Term
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Definition
| led the Nationalist Guomindang to power in 1928, ending period of Warlordism |
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Term
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Definition
| wrote book which forecast a great future for China if China followed Confucianism |
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Term
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Definition
| pursued egalitarianism and regional self-sufficiency |
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Term
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Definition
| led Great Proletarian Culture Revolution, 1966-69 |
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Term
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Definition
| campaigned against the "Four Olds" |
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Term
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Definition
| supported Stalin against "revisionists" Khrushchev and Tito |
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Term
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Definition
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Term
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Definition
| this dynamic form is the unique innovation of the self-proclaimed socialist market economy |
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Term
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Definition
| this grew out of the May Fourth Movement of 1919 which protested turning Chinese Territory over to Japan |
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Term
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Definition
| assaulted traditional culture and social values |
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Term
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Definition
| organized countryside into large communes |
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Term
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Definition
| rural industrial enterprises owned by local units of government, the towns and villages that formerly comprised the communes, and lower level brigades |
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Term
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Definition
| supported absolute power of the authoritarian State |
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Term
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Definition
| state-owned firms operating in competitive markets adjusted by a central planner |
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Term
| socialistic market economy |
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Definition
| TVE's, reforms, looser rules on private enterprise - CCP declared this the desired economic form |
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Term
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Definition
| associated with laissez faire, we wei (no action) |
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Term
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Definition
| opposed commerce, industrialization, and relations with the outside world. Wanted foreign barbarians to kowtow and pay tribute |
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Term
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Definition
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Term
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Definition
| also called Quotations of Chairman Mao |
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Term
| Tao Te Ching (two philosophies) |
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Definition
| written by Lao-tzu (604-?BC) |
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Term
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Definition
| forced all landlords to sell to tenants in exchange for government bonds |
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Term
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Definition
| policy shift which resulted in growth in agriculture and industry |
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Term
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Definition
| agriculture, industry, science and technology, and national defense |
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Term
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Definition
| retreated to Taiwan when Mao Zedong came to power on the mainland |
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Term
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Definition
| resulted in deceleration of industrial output growth and a catastrophe in agriculture, the worst famine anywhere ever |
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Definition
China currently faces severe problems including which of the following?
a) a major energy/environment crisis
b) threat of inflation and political instability and dissent
c) rising income inequalities
d) absorption of Hong Kong and perhaps, eventually Taiwan
e) all of the above |
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Term
| Han, Tang, Song, Yuan, Ming, Qing |
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Definition
| The six most important Chinese dynasties are, IN ORDER... (first-last) |
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Term
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Definition
| the only one of the three which has had a Communist revolution |
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Term
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Definition
| one of the world's most laissez faire economies |
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Term
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Definition
| has promised in a joint declaration, one country, two systems |
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Term
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Definition
| its EPZ's may be models for PRC's SEZ's |
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Definition
| largely capitalistic with a Confucian tradition |
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Term
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Definition
| would like to absorb Taiwan |
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Term
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Definition
| economy closely resembles those of Japan and South Korea |
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Term
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Definition
| huge, rural, poor but fairly egalitarian |
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Term
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Definition
| controlled by Japan from 1895-1945 |
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Term
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Definition
| T/F: The household responsibility system resulted in decreased food output and declines in rural incomes |
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Term
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Definition
| T/F: The three Chinese religions, like those of Japan, are Taoism, Confucianism and Buddhism, the latter originating in India and arriving in China by way of the Silk Road |
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Term
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Definition
| T/F: A student uprising was violently suppressed in Tianamen Square in the capital, Beijing (Peking) in 1989 |
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Term
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Definition
| T/F: The Communists are seen by Chinese as the latest dynasty and are subject to a rise and fall cycle associated with previous dynasties |
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Term
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Definition
| T/F: After the Opium Wars, Great Britain was banished from Hong Kong and lost its right to import opium into China |
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Term
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Definition
| T/F: Under Mao, China had one of the least equal income distributions ever observed, but Dengist marketization resulted in greater income equality |
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