Economic Systems: SE Asia
China Slowly changing from a command economy to a mixed market World’s strongest economy
China Big investment in human capital
China Big investment in capital
China: Natural resources Abuse and waste natural resources Heavily polluted
Entrepreneurship Slowly encouraging
China Huge increase in growth of private businesses China’s economy is growing very strong
North Korea Pure command economy Gov’t controls all resources & production A weak, slow economy Serious problems : people are starving
Japan Strong mixed market economy Has few resources (b/c it’s only small rocky islands) One of strongest economies in the world
Japan: Human capital HUGE investment in human capital One of highest literacy rates in the world
… is the world’s # 1 fishing industry. Japan … is the world’s # 1 fishing industry.
Japan Entrepreneurship is considered too risky It is not encouraged Most people work for huge corporations
India Mixed market economy Growing economy Moving away from command economy Still has many poor people
India Government encourages entrepreneurship and new businesses
India Big investment in human capital
India Very little investment in capital
India: natural resources Polluted Abuse natural resources