Economies of South East Asia. EQ: How do the economies of India, China, Japan, and North Korea compare and contrast?

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Oswin Silvester Bruce
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1 Economies of South East Asia EQ: How do the economies of India, China, Japan, and North Korea compare and contrast?

2 I CAN Compare and contrast the economic systems in China, India, Japan, and North Korea.

3 Directions: As we discuss the economies of Southeast Asia, you are to complete the graphic organizer you have been given. You are REQUIRED to write any information in BLUE!

4 All Economic Systems seek to answer the three basic economic questions: 1) What to produce? 2)How to produce? 3) For whom to produce?

5 Pure Command 0% Pure Market 100%

6 The Republic of India

7 Type of Economy Mixed Economy Gov t makes decisions about agriculture & industry, but free enterprise & entrepreneurship very common.

8 What To Produce? Fertile land + ample water supply = AGRICULTURE Rice & wheat 4 th in world ~ coal reserves Service industry, telecommunications, software

9 India s Coal Mines

10 Indian Wheat Fields

11 How To Produce? Large educated Englishspeaking population = major exporter of IT services. High rate of entrepreneurship

12 Middle School Lunch

13 For WhomTo Produce? Exports to: United Arab Emirates United States China

14 55% Pure Command Pure Market Place on the continuum: India would be more to the market side of the continuum.

15 People s Republic of China

16 Type of Economy Shifting from command to a mixed economy under close watch of government. Becoming more marketoriented (focused). Deng Xiaoping tried to improve China s economic growth after Mao s death in 1976 by mixing in elements of a market economy with a plan called the Four Modernizations. These reforms have led to excellent growth of the economy.

17 What To Produce? Much of land not arable, but with rivers = provides industrial & economic growth! Rice, wheat, coal, iron World s largest hydropower potential & leading exporter of consumer goods

18 Chinese Coal Miners

20 How To Produce? Focused on agricultural & industrial/manufacturing production. 2 nd to the U.S. in the value of services it produces! Entrepreneurship ~ fastest growing segment of economy.

21 Toy Assembly Line in China

22 Chinese Middle School

23 For Whom To Produce? Major trading partner: U.S.

24 50% Pure Command Pure Market Place on the continuum: China is slightly on the market side of center on the continuum.

25 Japan

26 Type of Economy Mixed Most technologically advanced in world.

27 What To Produce? Large Industrial output ~ Motor vehicles Electronics Rice & Fishing Tiny agricultural output : WHY? Much of land is mountainous & can t be farmed.

28 Terraced Rice Field

30 Nissan Motor Vehicles Plant

31 How To Produce? Strong work ethic & highly educated people Advanced technology Lowest rate of entrepreneurs

32 Japanese Middle School

33 For Whom To Produce? Top trading partners: China: 18.9% U.S.: 16.4%

34 70% Pure Command Pure Market Place on the continuum: Out of all four countries in this element, Japan would be the closest to the market side of the continuum.

35 Democratic People s Republic of North Korea

36 Type of Economy Command ~ Gov t makes all the decisions!

37 What To Produce? Major problems: Poor agricultural production has led to widespread famine & DEATH! Military products

38 Kim Jong-il Inspecting A Farm

39 How To Produce? Gov t controls production.

40 Factory Inspection

41 Farming Simulator How North Korea Trains Future Farmers

42 For Whom To Produce? Major trading partner: China

43 1% Pure Command Pure Market Place on the continuum: North Korea would be much more to the command side of the continuum than any of the other nations discussed. One of the most command economies in the world today.

44 India Pure Command Pure Market

45 Economies of South East Asia EQ: How do the economies of India, China, Japan, and North Korea compare and contrast?

46 Here s My Card Your Task: On page 148 of your INB, you will create a business card to represent the economy of one of the SE Asian nations that we have studied India, China, Japan, or North Korea. The purpose of your card will be to encourage international trade. Your business card MUST include: Country s name Creative & COLORFUL logo Brief description of economy An award your country has received, What your country has to offer (Why should other nations trade with you?)

47 Here s My Card Description: Awards: Name: System: Logo Available Products: Slogan: DUE ~ THURSDAY, MARCH 16 th!

Government & Economy of South East Asia. EQ: How do the governments and economies of India, China, Japan, and North Korea compare and contrast?

Government & Economy of South East Asia EQ: How do the governments and economies of India, China, Japan, and North Korea compare and contrast? Directions: As we discuss the governments of Southeast Asia,