1. Economic Growth in Southern and Eastern Asia
SS7E10: The student will describe factors that influence economic growth and examine their presence or absence in India, China, and Japan

2. Quick Quiz: Factors that influence economic growth
Raw materials that come from the land
Factories, technology, machinery
People who perform labor
Taking a risk to start a business
Human Capital
Natural Resources
Capital
Entrepreneurship

3. Investments Pay Off
Investments in Human Capital and Capital lead to a higher GDP!!!!!!!!!!!!!

4. India’s Human Capital Number of schools has grown in the past 20 years
Overall literacy rate is 60%, but 95% for children years old
English is taught in all schools
Many are skilled in information technology – “outsourcing” has become a major practice in India

5. India’s Capital Investment
Neglected to invest in country’s infrastructure
Terrible road construction
Frequent power outages
Airports, railways, and power plants have suffered

6. India’s Natural Resources
Has very fertile land
Good water supply
Important crops – rice and wheat
Forests
Coal Reserves

7. India’s Entrepreneurs
Entrepreneurship is increasing!!
India’s government supports new business owners
Government provides training and facilities

8. China’s Human Capital Has improved educational system
Number of college students has grown
Many students are getting engineering degrees (More engineering degrees)
Studies show engineering degrees = a growing economy
China has also invested in technical schools to train workers

9. China’s Capital Money has been used to help with manufacturing
Manufacturing is half of China’s GDP
Country also has dependable water services, electricity, and transportation

10. China’s Natural Resources
Coal
Iron Ore
Petroleum
Natural Gas
Land for industry
Rivers for industry
Not much farmland

11. China’s Entrepreneurship
Entrepreneurship has grown dramatically
Private business is the fastest growing segment of the economy
Government helps fund small business
Welcomes investment from foreign countries

12. Japan’s Human Capital Has a high emphasis on education
Students take entrance exams to get into high schools and universities
Labor force is very highly educated and a major reason for economic success

13. Japan’s Capital Country has a history of investing in new technology
Tax breaks are given to individuals and corporations who have had high rates of savings
Savings have been used for new factories and machinery

14. Japan’s Natural Resources
Very little farmland and natural resources
Imports raw materials needed for industry
Fishing industry is large in Japan
Country uses its educated workforce and capital investment to overcome it lack of natural resources

15. Japan’s Entrepreneurship
Low rate of entrepreneurship
Japanese companies offer a “job for life” to its employees
Workers take pride in their position in a company
Entrepreneurship is seen as “risky” and discouraged in Japan