Economies Of Scale | Economics in Plain English - Part 2

Archive for the 'Economies of scale' Category

Jun 06 2007

China makes, the world takes

Made in China – The Atlantic MonthlyShenzhen

Here’s a great slide show and narrative about the manufacturing industry in the industrial city of Shenzen. After viewing the slideshow, discuss some of the questions below.

Discussion Questions:

  1. What does the narrator mean when he says “Shenzhen is more or less an invented city?”
  2. Why does the word “scale” come to the narrator’s mind as he explores Shenzhen? What key concept from our economics class includes the world “scale”? HowShenzhen does the growth of Shenzhen relate to this concept?
  3. What is exported from Shenzhen to the US? What is being sent back to Shenzhen from the US? What does this suggest about the Chinese/US balance of trade? Why do you think this is happening?
  4. Where do Shenzhen’s factory workers come from? Why do you think young women make up such a large percentage of factories’ workforces? Are the wages paid factory workers in Shenzhen “fair” wages? Why or why not?
  5. Is manufacturing in Shenzhen labor intensive or capital intensive? What’s the difference?
  6. What’s the significance of the last line about how Liam Casey, whose office overlooks the headquarters of the Shenzen communist party, has never “met anybody who was in there”. What does this say about communism in China today?

Powered by ScribeFire.

4 responses so far

« Prev