Economic Systems: SE Asia

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Presentation transcript:

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