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