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Monday, June 3 rd Class Discussion

Monday, June 3 rd Class Discussion. If you could start a business or do anything in the world that you wanted to do – what would it be ? What are 3 problems that confront any start up business?. Here is the plan….

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Monday, June 3 rd Class Discussion

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  1. Monday, June 3rdClass Discussion If you could start a business or do anything in the world that you wanted to do – what would it be? What are 3 problems that confront any start up business?

  2. Here is the plan… • Students will understand the changes that took place in China after the death of Mao. • Students will look at the positive & negative results of those changes. • Students will know the difference between democracy and capitalism.

  3. 1976 – MAO is DEAD!!

  4. DENG is the MAN • Deng Xiaoping succeeded Mao and became the most powerful man in China in the 1980’s. • Primary goal was to modernize and improve China’s economy. • Died in 1997 at 92

  5. Activity Compare the USA to the 5 nations of East Asia in the following 5 economic indicators : GDP PPP, GDP per capita PPP, GDP real growth rate, Unemployment rates, Population Below the Poverty Line* Use CIA Fact book and Excel to graph.

  6. Can you be… • Deng wanted the economic freedom of capitalismwithout the political freedom that comes from democracy.

  7. The Good… • China has the 2nd largest economy in the world as measured by GDP PPP. • China has seen tremendous growth rates for the past two decades +. • A middle class is emerging in modern China.

  8. Ice Cream??? OR I Scream!!! • A pound of pecans has jumped from @$2.00 a lb to over $6.00 a lb as Chinese consumers have begun to demand this product (WSJ). • Do you think that China is driving up the price of other commodities?

  9. One order of capitalism – hold the democracy !! NOT an easy task to accomplish!

  10. Example – Tiannamen Square

  11. The Bad… • Tiananmen Square showed that China’s government would not have their authority questioned by pro-democracy student protestors. • Lesson learned – economic freedom is NOT political freedom!

  12. Leftover Men

  13. The Bad… • China has a One Child Policy enacted to control population. • It is more of a strongguideline rather than a hard and fast rule – some exceptions are made. • Unintended consequences???

  14. Bubble Trouble?

  15. The Ugly… • Environmental degradation – in rush to modernize is China irreparably harming the world? • 7 / 10 Most polluted cities in the world are located in China (source Discovery News).

  16. The Ugly… • China’s economy as measured by GDP per Capita PPP is NOT very strong. • Poverty levels for many Chinese are still very high. • Haves / Have Nots

  17. Did Deng accomplish his goals?

  18. Here is the plan… • Students will understand the changes that took place in China after the death of Mao. • Students will look at the positive & negative results of those changes. • Students will know the difference between democracy and capitalism.

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