Erin Drill Wyatt Hammell Emily Pieper

AN ECONOMIC FORCE

 2 nd largest economy after the US (3.249 trillion)  It went through many economic reforms in the 1970’s which jump-started the economy  It has been growing at nearly 10% every year since 1979  Still a lot of government-controlled businesses  The government is looking to raise interest rates to keep the market from overloading with cash flows from foreign investment (a tighter monetary policy  High level of unemployment in rural areas

 Percent of GDP

 Slowing Growth  The Olympics (Silver Iodate)  Cutting Emissions (2 nd largest importer of oil)  Pollution  Human Rights (Tibet, protesters)  Local Farmers angry at local and state officials for taking their land for economic development  Corruption  Aging Population (due to one child policy)

 Competing with India  Rocky Relationship with the US

 One of the Asian Tigers to see tremendous growth after WWII  Service Industry account for 91% of GDP  Average growth rate has been around 5%  GDP of 203 billion  The world’s freest trade country  Very dependent on trade (only six times the size of DC)  Limited Government Control

 China’s accounts for 49% of exports  Trade has been increasing with China nearly 9.2% increase in the past year  Largest foreign investment for China  China is Hong Kong 2 nd largest foreign investment  More Integration with China due with trade and tourism  China still has some control over Hong Kong’s government (Military control)

 Long held 2 nd largest economy  Largest economy  Rule of British colonies

 Since 1997  Recent GDP growth  Intelligence expansion  GDP  GDP official exchange rate  GDP growth rate  GDP per capita  Population below poverty

 Federal Republic  Legal system

 Exchange rate  USD  Imports  Exports  Revenues  Expenditures

 Poorest  richest  1990’s  Military Rule  civilian president

 Trillion Dollar Club  Export growth  Inflation/unemployment relevant to rising oil price  GDP  GDP official exchange rate  GDP growth rate  GDP per capita  Population below poverty line

 Republic government  Political system  Lee Myung-bak

 Exchange rate  USD  Imports  Exports  Revenues  Expenditures

 In the late 1990s, Japan Economy suffered its longest recession since World War II.

 GDP (purchasing power ):$4.417 trillion  GDP (official exchange rate):$5.103 trillion  GDP - real growth rate:1.9%  GDP - per capita : $33,800  Exchange rate: yen per US dollar  GNP Japan $4,852 per capita is $38  Japan is the world's second-largest economy by real GDP, nominal GDP and by market exchange rates

 China 20.5%, US 12%, Saudi Arabia 6.4%, UAE 5.5%, Australia 4.8%, South Korea 4.7%, Indonesia 4.2%  machinery and equipment, fuels, foodstuffs, chemicals, textiles, raw materials

 US 22.8%, China 14.3%, South Korea 7.8%, Taiwan 6.8%, Hong Kong 5.6%  transport equipment, motor vehicles, semiconductors, electrical machinery, chemicals

 GDP (purchasing power)$222.7 billion  GDP - real growth rate: 7.5%  GDP - per capita:$48,900  Exchange rate: Singapore dollars per US dollar

 Imports – partners: Malaysia 13%, US 12.7%, China 11.4%, Japan 8.3%, Taiwan 6.4%, Indonesia 6.2%, South Korea 4.4% (2006)  machinery and equipment, mineral fuels, chemicals, foodstuffs

 Exports – partners: Malaysia 13.1%, US 10.2%, Hong Kong 10.1%, China 9.7%, Indonesia 9.2%, Japan 5.5%, Thailand 4.2%  machinery and equipment (including electronics), consumer goods, chemicals, mineral fuels

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