Freet trade and Growth in Asia

What is free trade?

• Free trade restricts the exchange of services between countries.
• Free trade is the unrestricted exchange of goods and services between countries without tariffs or other barriers.
• Free trade involves high tariffs on imported goods.
• Free trade is a system of government-controlled trade.

When did free trade agreements begin?

• 1947
• 2001
• 1980
• 1965

Who are the countries of ASEAN?

• Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei, Vietnam, Laos, Myanmar, Cambodia
• Australia, New Zealand, Fiji
• China, Russia, Mongolia
• India, Japan, South Korea

Who are the 4 economic tigers?

• Australia, New Zealand, Canada, Mexico
• Japan, China, India, Brazil
• Thailand, Malaysia, Vietnam, Philippines
• Hong Kong, Singapore, South Korea, Taiwan

When did the global shift in manufacturing begin?

• Early 21st century, around 2000s
• Late 19th century, during the Industrial Revolution
• Late 20th century, particularly the 1980s and 1990s.
• Mid 20th century, specifically the 1950s

Which company first outsourced manufacturing to Asia?

• IBM
• Samsung
• Apple
• Microsoft

What is meant by global supply chain?

• A global supply chain is a network that manages the flow of goods and services across international borders.
• A global supply chain is a system for managing employee relations.
• A global supply chain only involves transportation companies.
• A global supply chain is a local network for domestic trade.

Where did IBM first outsource to and what did it outsource?

• India; software development and IT services.
• Germany; research and development.
• Brazil; customer support services.
• China; hardware manufacturing.

How much has Asia's contibution to global GDP grown since 1980?

• Asia's contribution to global GDP has grown by about 5 percentage points since 1980.
• Asia's contribution to global GDP has remained unchanged since 1980.
• Asia's contribution to global GDP has decreased by about 10 percentage points since 1980.
• Asia's contribution to global GDP has grown by about 20 percentage points since 1980.

When did China open it's borders to trade?

• 1985
• 1992
• 2001
• 1978