1. Asian Economic Systems

2. Top of page 118 SS7E8c. Compare and contrast the economic systems in China, India, Japan, and North Korea.

3. North Korea Type: Command Gross Domestic Product: $28 billion –Per Capita GDP: $1,800 GDP per sector: –agriculture: 23.3% –industry: 43.1% –services: 33.6%

4. North Korea Fact: One of the poorest countries in the world Industries: military products; machine building, electric power, chemicals; mining (coal, iron ore, limestone, magnesite, graphite, copper, zinc, lead, and precious metals), textiles, food processing

5. China Type: Mixed  Market Gross Domestic Product: $7.181 trillion –Per Capita GDP: $8,400 GDP per Sector: Labor Force –agriculture: 10.6%  43% –industry: 49.2%  25% –services: 40.2%  32%

6. China In the last 30 years, has moved from a command economy to mixed Industries: –mining and ore processing, iron, steel, aluminum, and other metals, coal; machine building; armaments; textiles and apparel; petroleum; cement; chemicals; fertilizers; consumer products, including footwear, toys, and electronics; food processing; transportation equipment, including automobiles, rail cars and locomotives, ships, and aircraft; telecommunications equipment, commercial space launch vehicles, satellites

7. India Type: Mixed  Market Gross Domestic Product: $1.798 trillion –Per Capita GDP: $3,700 –GDP Per Sector: Labor Force –agriculture: 17.2%  60% –industry: 29.1%  12% –services: 53.7%  28%

8. India Fact: –Often when you call a Help Line you are speaking with someone in India.

9. India Industries: textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software

10. Japan Type: Mixed  Market Gross Domestic Product: $5.773 trillion –Per Capita GDP: $34,700 GDP Per Sector: Labor Force –agriculture: 1.4%  4.4% –industry: 26.4%  27.9% –services: 72.1%  66.4%

11. Fact: –Japan has very few natural resources. Therefore, they must import almost everything.

12. Japan Industries: motor vehicles, electronic equipment, machine tools, steel and nonferrous metals, ships, chemicals, textiles, processed foods