1. Brain Jogger
Just using what you know about China, India, Japan, and North Korea, rank the following country’s economies on the continuum.
Pure Command
Pure Market

2. Basic Economic Questions
What to produce?
How to produce?
And for whom to produce?

3. China What to produce? 40% of Economy is based on state-run industries
60% of economy is based in the “private sector.” Producers and consumers decide.

4. China How to produce? Some state run industries are not efficient.
Chinese officials are having a hard time keeping up with safety and pollution.

5. China For whom to produce?
China requires that it produces enough food for its population. Only excess can be exported.
China exports a lot of manufactured goods. China’s new middle class also gets some of these goods

6. China Education Capital Growth Years of compulsory EDU: up to Grade 9
Literacy Rate: 90.9%
Capital
Capital Investment: 40.2% of GDP
Growth
Real growth rate: 11.4%

7. India
What to produce?
India has slowly started to move towards market economy.
Most people are subsistence farmers
Corruption and red tape in setting up and operating businesses

8. India How to produce? Getting better at protecting property rights
India has an large educated population, especially engineers and computer scientist.
The tax system makes it difficult to operate a business

9. India For whom to produce? Food made in India mostly stays in India
Software and business process outsourcing is big business.

10. Brain Jogger
List two positives and negatives (Good and bad things) for China’s and India's economy.
China
India
Two Positives
(Good things)
Two Negatives
(Bad things)

11. India Education Capital Growth Years of compulsory EDU: none
Literacy Rate: 64.84%
Capital
Capital Investment: 39% of GDP
Growth
Real growth rate: 9.4%

12. Japan What to produce? Japan’s economy is primarily market driven
Agriculture is run by the government
Doesn’t produce a lot

13. Japan
How to produce?
Private business decide how to produce their products

14. Japan For whom to produce?
Japan has a high standard of living and they buy many Japanese goods
Japan is known for its efficiency and quality and that has made it a major exporter of goods.

15. Japan Education Capital Growth
Years of compulsory EDU: Up to Grade 9 (only 4% dropout)
Literacy Rate: 99%
Capital
Capital Investment: 22.5% of GDP
Growth
Real growth rate: 2.5%

16. North Korea What to produce?
Almost everything is controlled by the government.
They are a major receiver of food and basic aid due to natural disasters and an inefficient government.
There is a large “black market.” run like a market economy.

17. North Korea How to produce?
Production is determined by the government.

18. North Korea For whom to produce?
¼ of all that is made is for maintaining the military
It does export some manufactured goods and natural resources

19. Ticket Out the Door
How does the economies of South and East Asia’s compare to the economies of the Middle East and Africa?
(3-4 sentences)