Kinas frie marked: Økonomisk udvikling siden 1980

Which changes took place since China became capitalistic in 1980? ………………………….1,2

Describe the development in these 3 raw materials. ………………………………………………….2,3

The Chinese and Brazilian GDP…………………………………………………………………………………………3,4

Explain using demand and supply curves, how these price changes have taken place…..4

Could the Chinese economy have influenced these prices? Explain……………………………….4

Could other economies beyond China have affected the prices on raw materials?............4

How did the demand in China change since 1980?.........................................................................5

Which changes took place since China became capitalistic in 1980?

There were many things that changed since China became capitalistic.

One of the main changes that have had a great influence on the country is the minimalized poverty. China is one of the biggest countries in the world and therefore it has had a high level of poverty during the years.

More than 630 million Chinese have escaped from the enormous poverty since 1980 when China was characterized by capitalistism. First of all, the GDP is an appropriate way to describe the changes in China since 1980 regarding the economy. The GDP in China has grown dramatically since 1980 when the country was under the revolution from communism to capitalism. If we look at the Chinese GDP from now and since 30 years back, we can conclude that the GDP has increased efficient. The GDP was placed around 100 billions of U.S. dollars in 1986 and has risen up to 9240.27 billions of U.S. dollars in 2014.