Erin Drill Wyatt Hammell Emily Pieper. AN ECONOMIC FORCE.
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Transcript of Erin Drill Wyatt Hammell Emily Pieper. AN ECONOMIC FORCE.
ASIAN ECONOMYErin Drill
Wyatt HammellEmily Pieper
CHINA
AN ECONOMIC FORCE
The Size of the economy
2nd 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
Current Status
Percent of GDP
agriculture43%
industry25%
services32%
Labor Force by Occu-pation
agriculture12%
industry49%
services39%
Where to start business?
Future Concerns
Slowing Growth The Olympics (Silver Iodate) Cutting Emissions (2nd 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)
Future concerns Cont.
Competing with India Rocky Relationship with the US
HONG KONG
Overview
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
Relationship with China
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 2nd largest foreign
investment More Integration with China due with
trade and tourism China still has some control over Hong
Kong’s government (Military control)
Hong Kong & Singapore GDP Growth
Date
12/3
1/19
61
12/3
1/19
63
12/3
1/19
65
12/3
1/19
67
12/3
1/19
69
12/3
1/19
71
12/3
1/19
73
12/3
1/19
75
12/3
1/19
77
12/3
1/19
79
12/3
1/19
81
12/3
1/19
83
12/3
1/19
85
12/3
1/19
87
12/3
1/19
89
12/3
1/19
91
12/3
1/19
93
12/3
1/19
95
12/3
1/19
97
12/3
1/19
99
12/3
1/20
01
12/3
1/20
03
12/3
1/20
05
12/3
1/20
07
-10
-5
0
5
10
15
Hong KongSingapore
Starting a business in East Asia
Singapore
United States
Hong Kong, China
Japan
Korea
Taiwan, China
China
India
0 20 40 60 80 100 120 140
1
3
4
12
30
50
83
120
Ease of Doing Business Rank
Ease of Doing Business Rank
Protecting Investors
Singapore United States
Hong Kong, China
Japan Korea Taiwan, China
China India0
10
20
30
40
50
60
70
80
90
Protecting Investors
Protecting Investors
Lower # means greater protection
India
Past Economy
Long held 2nd largest economy Largest economy Rule of British colonies
Present Economy
Since 1997 Recent GDP growth Intelligence expansion GDP GDP official exchange rate GDP growth rate GDP per capita Population below poverty
Current Political Status
Federal Republic Legal system
Miscellaneous
Exchange rate USD Imports Exports Revenues Expenditures
GDP Composition
16.60%
28.40%55.00%
India
0.90%
20.60%
78.50%
United States of America
Agriculture
Industry
Services
South Korea
Past Economy
Poorest richest 1990’s Military Rule civilian president
Present Economy
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
0.00
2,000,000.00
4,000,000.00
6,000,000.00
8,000,000.00
10,000,000.00
12,000,000.00
14,000,000.00
16,000,000.00
18,000,000.00
20,000,000.00
Korea GDP
Current Political Status
Republic government Political system Lee Myung-bak
Miscellaneous
Exchange rate USD Imports Exports Revenues Expenditures
GDP Composition
7.50%17.30%
75.20%
South Korea
0.90%
20.60%
78.50%
United States of America
Agriculture
Industry
Services
Japan Past Economy
In the late 1990s, Japan Economy suffered its longest recession since World War II.
Japan
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-117.99 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
2000 2001 2002 2003 2004 2005 2006
-0.5
0
0.5
1
1.5
2
2.5
3
3.5
Japan GDP Growth
GDP Growth
Imports
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
Exports
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
Singapore GDP (purchasing power)$222.7
billion GDP - real growth rate: 7.5% GDP - per capita:$48,900 Exchange rate: Singapore dollars per
US dollar - 1.507
2000 2001 2002 2003 2004 2005 2006
-4
-2
0
2
4
6
8
10
12
Singapore GDP Growth
Singapore GDP Growth
Imports
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
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
References
https://www.cia.gov/library/publications/the-world-factbook/print/ja.html
https://www.cia.gov/library/publications/the-world-factbook/geos/ja.html
https://www.cia.gov/library/publications/the-world-factbook/geos/sn.html
http://www.indexmundi.com/g/g.aspx?c=sn&v=66
http://www.indexmundi.com/g/g.aspx?c=ja&v=66